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Classical Charting Principles. What are These?

The beginning of the classical charting principles

Classical charting principles were formulated in 1933 by Richard W. Schabacker. A devotee of Charles Dow, who was the editor of Fortune Magazine.

Excerpt from Peter L. Brandt CFA Magazine interview October 2018.
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Double Bottom Patterns

Double Bottom Pattern on EURGBP

Double Bottom Pattern on EURGBP

Double Bottom Pattern on EURGBP is a classical chart pattern which is located at the end of a pullback. Therefore it has bullish implications.

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Double Top Patterns

Double Top Pattern on EURCZK

Double Top Pattern on EURCZK

Double Top Pattern on EURCZK is a classical chart pattern located at the end of a huge move. Therefore, it has bearish implications. Let’s take a look.

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Descending Triangle Patterns

Descending Triangle on USDJPY

Descending Triangle on USDJPY

Descending Triangle on USDJPY is a classical chart pattern which is located at the end of a strong correction. Therefore, it has bearish implications.

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Inverted Head and Shoulders Patterns

Inverted Head and Shoulders on #AMZN

Inverted Head and Shoulders on #AMZN

Inverted Head and Shoulders on #AMZN is a classical chart pattern which is located at the end of a drop and has bullish implications. Let’s take a closer look.