Candlestick & Chart Pattern Dictionary

Price travelled through the session and closed right back where it opened, so neither buyers nor sellers won and the current trend has lost its conviction.

1 session · Indecision

Sellers forced price sharply lower and buyers bought all of it back before the close, rejecting the lower prices and hinting at a potential floor.

1 session · Bullish reversal

Buyers have overwhelmed sellers, erasing the whole of the previous down session in one move and indicating a potential reversal upward.

2 sessions · Bullish reversal

Sellers have overwhelmed buyers, erasing the whole of the previous up session in one move and indicating a potential reversal downward.

2 sessions · Bearish reversal

A strong down session is followed by a small-bodied pause and then a strong up session, showing selling pressure fading and buyers taking over at a potential bottom.

3 sessions · Bullish reversal

A strong up session is followed by a small-bodied pause and then a strong down session, showing buying pressure fading and sellers taking over at a potential top.

3 sessions · Bearish reversal

Buyers pushed price sharply higher but sellers drove it back down to close near the open, rejecting the highs and hinting at a potential top after an advance.

1 session · Bearish reversal

After an advance, sellers pushed price well below the open before buyers recovered most of it, which shows selling pressure appearing and may precede a potential downturn.

1 session · Bearish warning

After a decline, buyers pushed price well above the open before sellers pulled it back near where it started, a first sign of buying interest that hints at a potential bottom.

1 session · Bullish reversal

After a down session, price opens lower but buyers drive it to close above the midpoint of that session's body, signalling a potential shift in control toward buyers.

2 sessions · Bullish reversal

After an up session, price opens higher but sellers drive it to close below the midpoint of that session's body, signalling a potential shift in control toward sellers.

2 sessions · Bearish reversal

A small up session sits entirely inside the body of the prior large down session, suggesting selling momentum has stalled and a potential reversal is forming.

2 sessions · Bullish reversal

A small down session sits entirely inside the body of the prior large up session, suggesting buying momentum has stalled and a potential reversal is forming.

2 sessions · Bearish reversal

Three consecutive strong up sessions each close higher than the last, showing sustained and broad buying that may mark the start of a potential uptrend.

3 sessions · Bullish reversal

Three consecutive strong down sessions each close lower than the last, showing sustained and broad selling that may mark the start of a potential downtrend.

3 sessions · Bearish reversal

Price fell sharply during the session but buyers brought it all the way back to the open, rejecting the lows and hinting at a potential floor after a decline.

1 session · Bullish reversal

Price rallied sharply during the session but sellers brought it all the way back to the open, rejecting the highs and hinting at a potential top after an advance.

1 session · Bearish reversal

A small body between long upper and lower shadows shows both sides pushing price far from the open but neither winning, so the prevailing trend may be losing momentum.

1 session · Indecision

Price opened at its low, closed at its high and left almost no shadow at either end, so buyers held control for the whole session and the move may potentially continue.

1 session · Bullish momentum

Price opened at its high, closed at its low and left almost no shadow at either end, so sellers held control for the whole session and the move may potentially continue.

1 session · Bearish momentum

Price swung a long way both above and below the open and still closed where it started, so the session settled nothing and the prevailing trend may be losing its footing.

1 session · High indecision

Price opened at the session's low and buyers drove it up without ever looking back, a strong rejection of the decline that indicates a potential reversal upward.

1 session · Bullish reversal

A session traded entirely within the previous session's high and low, so the market found no reason to extend in either direction and the next break may set the direction.

2 sessions · Range compression

A session that coiled inside the one before it was resolved upward, with price closing above the whole compressed range and indicating the pause may continue breaking higher.

3 sessions · Bullish breakout

A session that coiled inside the one before it was resolved downward, with price closing below the whole compressed range and indicating the pause may continue breaking lower.

3 sessions · Bearish breakdown

The latest session has the narrowest high-to-low range of the last four, showing volatility contracting into a decision point that may be followed by a wider move.

4 sessions · Range compression

The latest session has the narrowest high-to-low range of the last seven, a tighter squeeze than a four-session one and a sign the pending move may be larger.

7 sessions · Tight compression

Price rallied to a high, fell away, returned to the same high and failed again, and has now closed below the trough between the two attempts, indicating a potential reversal down.

9 sessions · Bearish reversal

Price fell to a low, bounced, returned to the same low and held it again, and has now closed above the peak between the two attempts, indicating a potential reversal up.

9 sessions · Bullish reversal

A decline made a low, rallied to a high, pulled back to a higher low, and price has now closed above that rally high, so the sequence of lower lows may have ended.

7 sessions · Bullish reversal

An advance made a high, fell to a low, recovered to a lower high, and price has now closed below that pullback low, so the sequence of higher highs may have ended.

7 sessions · Bearish reversal

Highs and lows have both climbed at a similar pace for several sessions, so price is advancing between two roughly parallel bounds and the trend may persist while they hold.

6 sessions · Bullish trend

Highs and lows have both fallen at a similar pace for several sessions, so price is declining between two roughly parallel bounds and the trend may persist while they hold.

6 sessions · Bearish trend

Each of the last two sessions set both a higher high and a higher low than the one before it, the minimum definition of an uptrend and a sign buyers may still be in control.

3 sessions · Bullish structure

Each of the last two sessions set both a lower high and a lower low than the one before it, the minimum definition of a downtrend and a sign sellers may still be in control.

3 sessions · Bearish structure

Price has spent several sessions turning back from the same ceiling and the same floor with no net progress, so the market is rotating rather than trending for now.

6 sessions · No trend

A session's high stands above the two sessions on either side of it, marking a confirmed local peak that may act as resistance if price returns to it.

5 sessions · Bearish pivot

A session's low sits below the two sessions on either side of it, marking a confirmed local trough that may act as support if price returns to it.

5 sessions · Bullish pivot

An advance paused for a couple of shallow down sessions and then closed back up through the last of them, suggesting the dip was profit-taking and the trend may resume.

4 sessions · Bullish continuation

A decline paused for a couple of shallow up sessions and then closed back down through the last of them, suggesting the bounce found no buyers and the trend may resume.

4 sessions · Bearish continuation

Price returned to a low it had already been turned back from, held that level a second time, and closed back above the bounce in between, so the floor may be holding.

5 sessions · Bullish defence

Price returned to a high it had already been turned back from, failed at that level a second time, and closed back below the dip in between, so the ceiling may be holding.

5 sessions · Bearish defence

Each session's low has sat a little above the last, and price has just touched that rising floor again and closed strongly off it, so the advance may continue from here.

6 sessions · Bullish continuation

Each session's high has sat a little below the last, and price has just touched that falling ceiling again and closed weakly away from it, so the decline may continue.

6 sessions · Bearish continuation

The first few sessions of the move held a tight range, and price has now closed decisively above the top of it, which indicates the range may resolve in that direction.

5 sessions · Bullish breakout

Price opened clear of the previous session's range inside a market that was going nowhere, and a small gap with no trend behind it usually says little and may simply fill.

2 sessions · Range noise

Price jumped clear of a quiet range on a wide, decisive session and kept going, which is how a new trend often leaves congestion and may mark the start of a directional move.

3 sessions · Trend beginning

An established trend gapped further in its own direction and then extended again rather than filling, which suggests the move is being chased and may still have room.

3 sessions · Trend continuation

A trend gapped onward but the very next session closed back inside the gap, so the last push found nobody to sell to and the move may be running out of participants.

3 sessions · Trend ending

Two consecutive sessions peak at almost exactly the same high, showing buyers repeatedly failing at one price and indicating a potential reversal downward.

2 sessions · Bearish reversal

Two consecutive sessions bottom at almost exactly the same low, showing sellers repeatedly failing at one price and indicating a potential reversal upward.

2 sessions · Bullish reversal

A small up session is contained by the prior down session and a third session then closes above both, confirming selling momentum has stalled and a potential reversal is forming.

3 sessions · Bullish reversal

A small down session is contained by the prior up session and a third session then closes below both, confirming buying momentum has stalled and a potential reversal is forming.

3 sessions · Bearish reversal

An up session completely covers the prior down session and a third session closes higher still, confirming buyers have taken control and indicating a potential reversal upward.

3 sessions · Bullish reversal

A down session completely covers the prior up session and a third session closes lower still, confirming sellers have taken control and indicating a potential reversal downward.

3 sessions · Bearish reversal

Price gaps above the prior down session's open and never trades back into it, a sudden and complete shift of control to buyers that indicates a potential reversal upward.

2 sessions · Bullish reversal

Price gaps below the prior up session's open and never trades back into it, a sudden and complete shift of control to sellers that indicates a potential reversal downward.

2 sessions · Bearish reversal

A session's entire range sits above the previous session's high, leaving an unfilled gap that often acts as support while an advance potentially continues.

2 sessions · Bullish continuation

A session's entire range sits below the previous session's low, leaving an unfilled gap that often acts as resistance while a decline potentially continues.

2 sessions · Bearish continuation

A down session is met by a weak rally that closes right back at its low and no higher, showing buyers unable to reclaim any lost ground in a decline that may potentially continue.

2 sessions · Bearish continuation

A rally pushes up into the prior down session's body but stalls below its midpoint, showing buyers too weak to turn the move and a decline that may potentially continue.

2 sessions · Bearish continuation

A session opens exactly where the prior opposite-coloured one opened and then runs with the older trend, suggesting the brief counter-move was rejected and the trend may continue.

2 sessions · Trend continuation

Shadows far longer than the recent average surround a tiny body, showing price flung in both directions without resolution and a trend whose direction has become unreliable.

1 session · High indecision

Open, high, low and close all landed on one price, so the session never moved at all, which usually reflects a very thin market rather than any statement about direction.

1 session · Complete stasis

A second down session sits entirely inside the body of the first, showing sellers covering far less ground than before and a decline that may potentially be running out of force.

2 sessions · Bullish reversal

Two down sessions close at exactly the same price, showing sellers unable to force a new closing low and marking a floor buyers may potentially be willing to defend.

2 sessions · Bullish reversal

Two down sessions sandwich an up session and both close at the same price, showing one level has twice halted the selling and may potentially be acting as support.

3 sessions · Bullish reversal

Three successive down sessions each cover less ground than the last and stop short of new lows, showing the selling draining away at a potential bottom.

3 sessions · Bullish reversal

A long down session, then a lower low that closes well off it, then a small up session holding above, showing sellers spent and buyers testing a potential floor.

3 sessions · Bullish reversal

Two up sessions leave a gap between them and a third falls back to fill it without breaking lower, a pause the advance may potentially continue out of.

3 sessions · Bullish continuation

A strong up session is followed by a shallow three-session drift that never gives the move back, then a close above the lot, so the advance may potentially be resuming.

5 sessions · Bullish continuation

Sellers drove price far below the open and buyers reclaimed nearly all of an unusually wide range by the close, a deep rejection of lower prices at a potential floor.

1 session · Bullish reversal

Price opened at the session's high and sellers drove it down without ever looking back, a strong rejection of the advance that indicates a potential reversal downward.

1 session · Bearish reversal

Three down sessions each open exactly where the last one closed and push lower, showing sellers in uncontested control and an advance that may potentially be over.

3 sessions · Bearish reversal

An advance gaps higher then two down sessions give that gap back entirely, showing buyers unable to hold their best level and hinting at a potential top.

3 sessions · Bearish reversal

Two strong up sessions are followed by a small-bodied third that barely adds ground, showing the advance hesitating and a potential turn as buyers run short.

3 sessions · Bearish warning

A rally closes only marginally above the prior down session's close and gets no further, showing buyers almost spent in a decline that may potentially continue.

2 sessions · Bearish continuation

Two down sessions leave a gap between them and a third rallies back to fill it without breaking higher, a pause the decline may potentially continue out of.

3 sessions · Bearish continuation

Two up sessions close at exactly the same price, showing buyers unable to force a new closing high and marking a ceiling sellers may potentially be willing to defend.

2 sessions · Bearish reversal

Four down sessions end with the last swallowing the third's whole range, an exhaustion of selling so complete that a potential reversal upward may follow.

4 sessions · Bullish reversal

Price swung a very long way either side of the open and closed almost exactly at the middle of that range, so the session settled nothing and the trend may be adrift.

1 session · High indecision

After a long down session, the next opens and closes at one price entirely inside it, a sharper stall than a plain contraction and a stronger hint of a potential floor.

2 sessions · Bullish reversal

After a long up session, the next opens and closes at one price entirely inside it, a sharper stall than a plain contraction and a stronger hint of a potential top.

2 sessions · Bearish reversal

Three sessions running close exactly where they opened after a decline, a rare triple stall showing selling pressure gone and a potential bottom forming.

3 sessions · Bullish reversal

Three sessions running close exactly where they opened after an advance, a rare triple stall showing buying pressure gone and a potential top forming.

3 sessions · Bearish reversal

A decline accelerates through a gap and three weakening sessions, then one strong up session retraces the whole move back into the gap, hinting at a potential bottom.

5 sessions · Bullish reversal

An advance accelerates through a gap and three tiring sessions, then one strong down session retraces the whole move back into the gap, hinting at a potential top.

5 sessions · Bearish reversal

A down session and the up session after it close at exactly the same price, showing the sellers' advantage met and neutralised at a level that may potentially hold.

2 sessions · Bullish reversal

An up session and the down session after it close at exactly the same price, showing the buyers' advantage met and neutralised at a level that may potentially cap price.

2 sessions · Bearish reversal

Price gapped sharply lower on the open and buyers drove it all the way back to the prior close, a same-session answer to the decline that hints at a potential floor.

2 sessions · Bullish reversal

Price gapped sharply higher on the open and sellers drove it all the way back to the prior close, a same-session answer to the advance that hints at a potential ceiling.

2 sessions · Bearish reversal

An advance gaps higher and two up sessions then open at nearly the same price without closing the gap, showing buyers holding new ground they may potentially build on.

3 sessions · Bullish continuation

A decline gaps lower and two up sessions open at nearly the same price yet never close the gap, showing rallies capped inside a decline that may potentially continue.

3 sessions · Bearish continuation

Three rising sessions are wiped out by one long down session opening higher and closing below all of them, a deep shakeout the advance may potentially resume from.

4 sessions · Bullish continuation

Three falling sessions are wiped out by one long up session opening lower and closing above all of them, a sharp squeeze the decline may potentially resume from.

4 sessions · Bearish continuation

Three peaks form with the middle one highest and the outer two level, then price breaks the line joining the troughs between them, completing a potential reversal downward.

21 sessions · Bearish reversal

Three troughs form with the middle one lowest and the outer two level, then price breaks the line joining the peaks between them, completing a potential reversal upward.

21 sessions · Bullish reversal

Price failed at the same level three times and has now broken the support beneath those attempts, showing buyers repeatedly repelled at one price and a potential reversal downward.

19 sessions · Bearish reversal

Price held the same level three times and has now broken the resistance above those attempts, showing sellers repeatedly repelled at one price and a potential reversal upward.

19 sessions · Bullish reversal

Price curved gradually from rising to falling with no single sharp peak, showing control passing slowly from buyers to sellers in a potential reversal downward.

17 sessions · Bearish reversal

Price curved gradually from falling to rising with no single sharp low, showing control passing slowly from sellers to buyers in a potential reversal upward.

17 sessions · Bullish reversal

A rounded recovery back to an old high is followed by a shallow drift lower and then a break above it, a tested ceiling the advance may potentially continue through.

21 sessions · Bullish continuation

A rounded decline back to an old low is followed by a shallow drift higher and then a break below it, a tested floor the decline may potentially continue through.

21 sessions · Bearish continuation

Price keeps stalling at one flat ceiling while its lows climb toward it, showing sellers holding a single price as buyers pay more each time, and a potential break upward.

18 sessions · Bullish continuation

Price keeps holding one flat floor while its highs fall toward it, showing buyers defending a single price as sellers accept less each time, and a potential break downward.

18 sessions · Bearish continuation

Highs fall and lows rise into a narrowing coil during an advance, a two-sided compression that has given up none of the move and may potentially resolve upward.

18 sessions · Bullish continuation

Highs fall and lows rise into a narrowing coil during a decline, a two-sided compression that has reclaimed none of the move and may potentially resolve downward.

18 sessions · Bearish continuation

A sharp advance is followed by a shallow, orderly drift lower between parallel lines, a pause that retraced little and that the trend may potentially continue out of.

17 sessions · Bullish continuation

A sharp decline is followed by a shallow, orderly drift higher between parallel lines, a pause that recovered little and that the trend may potentially continue out of.

17 sessions · Bearish continuation

A sharp advance is followed by a small coil whose highs fall and lows rise, a brief two-sided pause that the trend may potentially continue up out of.

17 sessions · Bullish continuation

A sharp decline is followed by a small coil whose highs fall and lows rise, a brief two-sided pause that the trend may potentially continue down out of.

17 sessions · Bearish continuation

Price grinds lower inside two converging downward lines with the lows slowing more than the highs, showing selling losing force at a potential reversal upward.

17 sessions · Bullish reversal

Price grinds higher inside two converging upward lines with the highs slowing more than the lows, showing buying losing force at a potential reversal downward.

17 sessions · Bearish reversal

A converging drift lower interrupts an advance without retracing much of it, a compression against the trend that the move may potentially continue up out of.

17 sessions · Bullish continuation

A converging drift higher interrupts a decline without recovering much of it, a compression against the trend that the move may potentially continue down out of.

17 sessions · Bearish continuation

An advance pauses in a flat band with a level ceiling and floor, and price has now left it through the top, a pause the trend may potentially continue through.

17 sessions · Bullish continuation

A decline pauses in a flat band with a level ceiling and floor, and price has now left it through the bottom, a pause the trend may potentially continue through.

17 sessions · Bearish continuation

The recovery to an old high came as a sharp V rather than a rounded base, so the level was never really tested and the setup is a weaker one than its outline suggests.

21 sessions · Quality warning

The drift after a rounded recovery gave back only a small part of it, showing sellers barely able to press at all and a base that may potentially hold a break upward.

21 sessions · Bullish continuation

The drift after a rounded recovery gave back more than half of it, which undercuts the base it was meant to rest on and makes the setup a markedly less reliable one.

21 sessions · Quality warning

Price has closed decisively through the line drawn under the troughs of a multi-peak top, the break that confirms sellers have taken the level and a potential move lower.

19 sessions · Bearish confirmation

A falling line that had capped every rally for several sessions has been closed through from below, showing the pressure holding price down may potentially have broken.

17 sessions · Bullish breakout

Price broke above a ceiling, came back to touch it and held, showing the old resistance now behaving as support and a move that may potentially continue upward.

19 sessions · Bullish continuation

A floor that had held price up several times has broken and then capped the next rally from above, showing the level changed hands and may potentially hold price down.

17 sessions · Bearish continuation

A ceiling that had capped price several times has broken and then held the next pullback from below, showing the level changed hands and may potentially hold price up.

17 sessions · Bullish continuation

A strong down session is followed by one that closed exactly where it opened and then a strong up session, showing the decline stalling completely before buyers took over.

3 sessions · Bullish reversal

A strong up session is followed by one that closed exactly where it opened and then a strong down session, showing the advance stalling completely before sellers took over.

3 sessions · Bearish reversal

A session that closed where it opened sits isolated below a decline, gapped away on both sides with no overlap at all, a rare exhaustion of selling at a potential bottom.

3 sessions · Bullish reversal

A session that closed where it opened sits isolated above an advance, gapped away on both sides with no overlap at all, a rare exhaustion of buying at a potential top.

3 sessions · Bearish reversal

Price gapped higher then gave most of it back over two successive down sessions while still holding above the earlier close, showing buyers losing their grip near a potential top.

3 sessions · Bearish reversal

A strong up session is followed by three small sessions that drift back inside its range, then a fresh up close above them all, a pause the advance may potentially continue through.

5 sessions · Bullish continuation

A strong down session is followed by three small sessions that drift back inside its range, then a fresh down close below them all, a pause the decline may potentially continue through.

5 sessions · Bearish continuation

Price gapped higher on two up sessions and the following down session closed inside that gap without filling it, so the advance held its ground and may potentially continue.

3 sessions · Bullish continuation

Price gapped lower on two down sessions and the following up session closed inside that gap without filling it, so the decline held its ground and may potentially continue.

3 sessions · Bearish continuation

Three higher closes arrive with shrinking bodies and lengthening upper shadows, showing buyers meeting more resistance each session in an advance that may be running out of strength.

3 sessions · Bearish warning

After a staircase of lower down sessions one of them rallies off its open, and the next session opens above its body, showing sellers finally losing their hold at a potential bottom.

5 sessions · Bullish reversal

An advance paused in a tight band and then left it in the same direction, marking the band as a demand zone buyers may potentially defend if price returns to it.

18 sessions · Bullish continuation

An advance paused in a tight band and then left it downwards, marking the band as a supply zone where sellers took control and may potentially cap price again.

18 sessions · Bearish reversal

A decline paused in a tight band and then left it upwards, marking the band as a demand zone where buyers absorbed the selling and may potentially do so again.

18 sessions · Bullish reversal

A decline paused in a tight band and then left it in the same direction, marking the band as a supply zone sellers may potentially defend if price returns to it.

18 sessions · Bearish continuation

Price returned to the band it had rallied away from, traded into it, and closed back above it on a real body, showing the zone held without needing a sharp rejection.

18 sessions · Bullish continuation

Price returned to the band it had dropped away from, traded into it, and closed back below it on a real body, showing the zone capped the advance without a sharp rejection.

18 sessions · Bearish continuation

Price dropped into a band it had previously left, then closed back above it leaving most of the session as a lower shadow, showing buyers rejected the move sharply.

18 sessions · Bullish reversal

Price rallied into a band it had previously left, then closed back below it leaving most of the session as an upper shadow, showing sellers rejected the move sharply.

18 sessions · Bearish reversal

An advance turned, rallied to a peak beneath the previous one, and then closed under the trough between them, completing the first lower high and lower low of a new decline.

18 sessions · Bearish reversal

Price made a fresh peak, could not hold it, and then closed below the trough that preceded it, so the highest print of the advance became its last.

18 sessions · Bearish reversal

Price made a fresh trough, could not hold beneath it, and then closed back above the peak that preceded it, so the lowest print of the decline became its last.

18 sessions · Bullish reversal

Price closed above a ceiling it had tested several times and then closed back beneath it within a few sessions, so the breakout that invited buyers in gave way instead.

18 sessions · Bearish reversal

Price closed below a floor it had tested several times and then closed back above it within a few sessions, so the breakdown that invited sellers in gave way instead.

18 sessions · Bullish reversal

A session printed a new high above the ceiling and then closed below it on the same bar, so the move beyond the level was undone before it ever settled there.

18 sessions · Bearish reversal

A session printed a new low beneath the floor and then closed above it on the same bar, so the move beyond the level was undone before it ever settled there.

18 sessions · Bullish reversal

A long upper shadow reached past a ceiling price had respected for sessions and the close came straight back under it, showing the orders resting above were taken and not defended.

18 sessions · Bearish reversal

A long lower shadow reached past a floor price had respected for sessions and the close came straight back above it, showing the orders resting below were taken and not defended.

18 sessions · Bullish reversal

One session spiked clean through a level that had held for weeks and closed back inside the old range, so the move collected the orders parked beyond it and settled nothing.

18 sessions · Liquidity grab

Price left a well-defined band, failed to go on with the move, and closed back between the band's edges, so the sessions spent outside it settled nothing either way.

18 sessions · Breakout failure

A broken floor was approached again from beneath and turned price away, so the level that gave way is now acting as a ceiling rather than being reclaimed.

18 sessions · Bearish continuation

Ranges tightened to a squeeze, price broke out of it, and then closed back inside the tight band, so the pressure that had built up released and resolved nothing.

18 sessions · Breakout failure

A band that traded heavily was followed by a drift back towards it on much lighter turnover, suggesting the sellers behind the pullback are fewer than the buyers who built the band.

18 sessions · Bullish continuation

Price came back to a demand band on light turnover and then closed away from it on heavy turnover, so the zone was tested quietly and defended in size.

18 sessions · Bullish continuation

Price came back to a supply band on light turnover and then closed away from it on heavy turnover, so the zone was tested quietly and defended in size.

18 sessions · Bearish continuation

The session that closed beyond a level traded far more than the sessions that built it, so the break carried participation rather than drifting through on a quiet day.

18 sessions · Bullish continuation

Turnover dried up while ranges tightened and then expanded sharply as price left the band, which is the sequence a genuine move out of a quiet stretch tends to print.

18 sessions · Bullish continuation

A level that broke was approached again and held from the other side, which is the second piece of evidence that turns a single break into a change of structure.

18 sessions · Bullish continuation

The swing that produced a break leaves a price behind it which, if traded back through, says the read was wrong — the structural reference a stop belongs beyond.

18 sessions · Risk reference

A zone's far edge is the price that disproves it: while price holds on one side the band is intact, and a close beyond the whole band says it has stopped working.

18 sessions · Risk reference

A move, a pause, and a second move of roughly the same size — the symmetry that lets the first leg's height be projected from the pause as a potential objective.

18 sessions · Bullish continuation

The pole into a tight pause gives the pause a height to be measured against, so the break out of it carries a potential objective a pole-length beyond the band.

18 sessions · Bullish continuation

The last turn price made is the nearest level it has actually proven, which is why an earlier peak or trough is the reference a move is measured towards.

18 sessions · Structural level