Overview
Pattern Signals uses automated chart pattern recognition to detect classic price formations like breakouts, support/resistance bounces, channels, and trend continuations. Each pattern comes with suggested entry price, stop loss, take profit levels, and a confidence score.
Pattern Types
| Pattern | Type | Description |
|---|---|---|
| Breakout | Bullish/Bearish | Price breaking through a key support or resistance level |
| Support Bounce | Bullish | Price bouncing off an established support level |
| Resistance Test | Bearish | Price failing at a resistance level |
| Channel Break | Bullish/Bearish | Price exiting a trading channel |
| Trend Continuation | Bullish/Bearish | Pullback within an established trend |
| Double Bottom/Top | Reversal | Classic reversal pattern at support/resistance |
Data Columns
| Column | Description |
|---|---|
| Symbol | Stock ticker (clickable for chart) |
| Pattern | Type of chart pattern detected |
| Direction | Bullish or Bearish bias |
| Entry Price | Suggested entry level based on the pattern |
| Stop Loss | Suggested stop loss level for risk management |
| Take Profit | Suggested target price |
| R:R Ratio | Reward-to-Risk ratio (higher is better) |
| Confidence | Pattern reliability score (percentage) |
How to Use
- ●Scan for patterns matching your preferred direction (bullish/bearish)
- ●Focus on patterns with R:R ratios above 2:1 for better risk management
- ●Higher confidence scores indicate more reliable pattern formations
- ●Check the entry, stop, and target levels before considering any trade
- ●Verify patterns on the chart view to confirm visual validity
Warning
Pattern signals are algorithmic detections and do not guarantee outcomes. Always verify patterns visually on the chart and combine with other analysis before acting.
Combining with Other Tools
- ●Open the Chart page for any pattern signal to visually verify the pattern structure
- ●Check the stock's Composite Score — patterns on fundamentally strong stocks have higher follow-through rates
- ●Use Market Regimes to understand the volatility environment before trading patterns
This platform provides data and analysis tools for educational and informational purposes only. Nothing on this platform constitutes financial advice, investment recommendations, or solicitation to buy or sell any securities. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.