A chart pattern is simply a visual representation of the prices buyers and sellers bought and sold in the past. There is no magic in a chart pattern they just show you what happened in the past and what has a higher probability of happening in the future. A chart pattern can show that a stock is in a range with defined resistance and support. A chart could also show an uptrend of higher highs and higher lows are a downtrend of lower highs and lower lows. The most popular use of chart patterns is for breakout trading signals as the probability increases of a move in a specific direction after a price breakout of a ... (full story)