| Indicator | Description | Comments |
| PFAscendingTripleTop |
A double top followed by another double top, or three tops, each higher than the previous is recognized as an ascending triple top breakout. The idea is that demand is continuing to outstrip supply on an ongoing basis. |
bullish pattern |
| PFDescendingTripleBottom |
A double bottom followed by another double bottom, or three bottoms, each lower than the previous is recognized as an descending triple bottom breakdown. The idea is that supply is continuing to outstrip demand on an ongoing basis. |
bearish pattern |
| PFBullishCatapult |
A triple top breakout followed by a double top breakout is recognized as a bullish catapult breakout. The implication is that there was supply at the triple top level that was keeping prices from going up, but the triple top breakout took some of that supply away. Prices then retraced, allowing more buyers to create demand which continued to power the up move in prices. |
bullish pattern |
| PFBearishCatapult |
A triple bottom breakdown followed by a double bottom breakdown is recognized as a bearish catapult breakdown. The implication is that there was demand at the triple bottom level that was keeping prices from falling, but the triple bottom breakdown took some of that demand away. Prices then reversed up, allowing more sellers to create supply which continued the selling which broke below the double bottom level creating the bearish catapult breakdown. |
bearish pattern |
| PFBullishReversal |
This pattern is a series of rising tops and bottoms that finally soaks up all demand and the double bottom breakdown at the end signals that now supply is outstripping demand. |
bullish pattern |
| PFBearishReversal |
This pattern is a series of falling tops and bottoms that finally soaks up all the supply and the double top breakout at the end signals that now demand is outstripping supply. |
bearish pattern |
| PFBullishTriangle |
Triangles are formed when both the supply and demand for the stock are drying up. Prices are unable to rise but neither are they able to fall, there is an equilibrium between the buying and selling as is seen by the rising bottoms and the falling tops that form the triangle. This stalemate between buyers and sellers is finally resolved by a double top breakout in the case of a bullish triangle breakout, or by a double bottom breakdown in the case of a bearish triangle breakdown. This is one of the most reliable patterns out of all the patterns recognized by the system. |
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| PFBearishTriangle |
Triangles are formed when both the supply and demand for the stock are drying up. Prices are unable to rise but neither are they able to fall, there is an equilibrium between the buying and selling as is seen by the rising bottoms and the falling tops that form the triangle. This stalemate between buyers and sellers is finally resolved by a double top breakout in the case of a bullish triangle breakout, or by a double bottom breakdown in the case of a bearish triangle breakdown. This is one of the most reliable patterns out of all the patterns recognized by the system. |
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| PFBullTrap |
A bull trap is a triple top breakout followed by a reversal after only one box is made in the triple top breakout. The breakout is possibly due to buy stops being hit just above the resistance level, and the quick reversal suggests lower prices ahead. |
bullish pattern |
| PFBearTrap |
A bear trap is a triple bottom breakdown followed by a reversal after only one box is made in the triple bottom breakdown. The breakdown is possibly due to stop loss orders or short orders being hit just below the support level, and the quick reversal suggests higher prices ahead. |
bearish pattern |
| PFQuadrupleTop |
A quadruple top breakout is similar to a triple top breakout, except that the prices break out after retracing from the same level three times. The fourth time the demand was able to outstrip the supply at the price level, and prices broke out with a quadruple top breakout. |
bullish pattern |
| PFQuadrupleBottom |
A quadruple bottom breakdown is similar to a triple bottom breakdown, except that the prices break down after retracing from the same level three times. The fourth time the supply was able to outstrip the demand at the price level, and prices broke down with a quadruple bottom breakdown. |
bearish pattern |
| PFSpreadTripleTop |
A spread triple top breakout is similar to a triple top breakout except that the price at which the breakout occurred is a price that the chart retraced from two times before in the recent past. The two times do not have to be immediately preceding the current column. This alert implies that the price level is a significant area of resistance (area where sellers are willing to sell the stock and create supply that outstrips demand). The breakout above this level implies that the buyers are now creating more demand than there is supply and therefore the prices are breaking out. |
bullish pattern |
| PFSpreadTripleBottom |
A spread triple bottom breakdown is similar to a triple bottom breakdown except that the price at which the breakdown occurred is a price that the chart retraced from two times before in the recent past. This implies that the price level is a significant area of support (area where buyers are willing to buy the stock and create demand that outstrips supply). The breakdown below this level implies that the sellers are now creating more supply than there is demand and therefore the prices are breaking down. |
bearish pattern |
| PFTripleTop |
A triple top breakout is similar to a double top breakout except that the price at which the breakout occurred is a price that the chart retraced from two times before. This implies that the price level is a more significant area of resistance (area where sellers are willing to sell the stock and create supply that outstrips demand) than what is seen on a double top. The breakout above this level implies that the buyers are now creating more demand than there is supply and therefore the prices are breaking out. |
bullish pattern |
| PFTripleBottom |
A triple bottom breakdown is similar to a double bottom breakdown except that the price at which the breakdown occurred is a price that the chart retraced from two times before. This implies that the price level is a more significant area of support (area where buyers are willing to buy the stock and create demand that outstrips supply) than what is seen on a double bottom. The breakdown below this level implies that the sellers are now creating more supply than there is demand and therefore the prices are breaking down. |
bearish pattern |