Lessons › Chart patterns › Chart patterns: shapes the crowd draws
World 3 · Chart patterns · lesson 1 · level 1
Chart patterns: shapes the crowd draws
Chart patterns are shapes made by buyers and sellers fighting, and they hint at what comes next but never promise it.
What it is
Two peaks at the same height, then a break below the dip between them.
Your task in the app
Find the two peaks. Then decide: buy, sell, or wait?
How often it worked
| Market | Times found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| India (NSE) | 58 | 26% | 74% | 0% |
| United States | 50 | 36% | 62% | 2% |
| Japan | 35 | 49% | 49% | 3% |
| Crypto | 703 | 42% | 51% | 6% |
| Forex | 84 | 27% | 67% | 6% |
| Commodities | 22 | 32% | 59% | 9% |
Counted on real past charts by the Trading Class research engine, 952 cases in all. Past odds, not a forecast.
Read more on the Double top pattern page.
Goal of this lesson: Understand what chart patterns are and how reversal and continuation patterns differ.