MarketBullets® — Chart Pattern Visual Reference

Visual guide to annotation elements used in daily commentary and the chart gallery — How to Read MarketBullets® Charts

Candlestick Basics

Candlestick Anatomy Foundation
HIGH top of upper wick CLOSE top of body (bullish) BODY range of open-to-close OPEN base of body (bullish) LOW bottom of lower wick BULLISH CANDLE Close above Open
Bullish vs. Bearish Candles Foundation
High Close → Open → Low → BULLISH Close > Open Price rose that period ← Open ← Close BEARISH Close < Open Price fell that period

Support & Resistance

Support Level Key Level — Floor
↑ Bounce ↑ Bounce ↑ Bounce ← Support
Resistance Level Key Level — Ceiling
↓ Rejected ↓ Rejected ↓ Rejected ← Resistance

Trend Lines

Uptrend Line (Rising Support) Trend
Higher Highs ↗ Higher Lows ↗ Uptrend Support Line
Downtrend Line (Declining Resistance) Trend
Lower Highs ↘ Lower Lows ↘ Downtrend Resistance Line

Chart Patterns — Reversals

Head & Shoulders Bearish Reversal
↓ Target Zone Left Shoulder HEAD Right Shoulder Neckline Right shoulder lower than head confirms pattern — break below neckline triggers decline
Double Top Bearish Reversal
Peak 1 Peak 2 (equal highs = resistance) Resistance Neckline ↓ Break
Double Bottom Bullish Reversal
Trough 1 Trough 2 (equal lows = support) Support Neckline ↑ Break

Chart Patterns — Triangles

Ascending Triangle Usually Bullish
Flat Resistance Rising Support ↑ Breakout
Descending Triangle Usually Bearish
Declining Resistance Flat Support ↓ Breakdown
Symmetrical Triangle Breakout Either Direction
Lower Highs Higher Lows Breakout (or breakdown)

Continuation Patterns

Consolidation / Sideways Range Pause Before Next Move
RANGE Resistance Support Watch volume on breakout for direction confirmation
Bull Flag Bullish Continuation
Pole Flag Breakout
Bear Flag Bearish Continuation
Pole Flag Breakdown
Breakout Through Resistance Trend Change / Continuation
Volume Resistance ↑ Breakout Low Volume High Volume

Reversal Candle Patterns

Hammer Bullish Reversal Signal
Short upper wick Small body Long lower wick Buyers absorbed selling HAMMER Support Zone
Shooting Star Bearish Reversal Signal
Long upper wick Sellers rejected rally Small body Short lower wick SHOOTING STAR Resistance Zone

Moving Averages

Moving Averages — Three Timeframes Trend Filter & Signal
Legend 20-Day MA (most responsive) 50-Day MA (intermediate) 200-Day MA (long-term trend) Price above all three MAs = Bullish alignment — The Warm Signal

Measured Move & Price Targets

Measured Move — Price Target Projection Objective Setting
Pattern Height Measured Move Target (equal to pattern height) Support / Base Neckline / Breakout Level ← Price Target

MarketBullets® — More Sense Per Bushel™  |  Diagram reference for educational supplement: How to Read MarketBullets® Charts
Charts are tools for analytical judgment — not guarantees of future price movement.