Chartism

Flags
Flags occur during a strong trend. These continuation structures are both bullish and bearish. The support and resistance lines must be touched twice.

Rising flag

Descending flag

Double bottom
The double bottom announces a bullish reversal recognizable by a W. The bottoms must be well marked and therefore lead to a fairly strong bullish recovery. If the volumes do not dry up on the second bottom, it will be necessary to have in mind the possibility of a triple bottom.



Triangles
Triangles are consolidation configurations, they only represent a pause within a previous trend. They therefore most often behave as structures of continuation of the previous trend. There are three morphological types of triangles:


Ascending triangles are fairly frequent configurations where the support is ascending and the resistance is horizontal. The action must evolve by oscillations between these two trend lines. Two points must be touched on each line. The exit will be upward as part of a continuation.


Descending triangles are configurations where the support is horizontal and the resistance oblique bearish. The action must evolve by oscillations between these two trend lines. Two points must be touched on each line. The exit will be down as part of a continuation.


Head Shoulder
The head shoulder is a bearish reversal figure that must be on a top and will be validated by the break of the neck line. The shoulders should be close enough and the height of the head should be 1.5 to 2 times that of the shoulders.





The diamond
Diamonds are turning figures observed more frequently on peaks than on troughs. We can see from time to time inscribed inside the diamonds, a shoulder head.




Differences between price and RSI