Chart Patterns
Classic chart patterns found in today's daily charts, caught while they form. Each card shows where the stock sits against its breakout line and measured move. Tap a card for the full interactive chart and a plain explanation of the pattern.
Chart pattern scanner FAQ
What is a chart pattern scanner?
A chart pattern scanner looks through stock charts for classic technical patterns, such as head and shoulders, triangles, wedges and flags, so you do not have to check charts one by one. This one scans the daily charts of liquid US stocks after each close and shows where each stock sits against its breakout line, its measured move target and its stop.
Which chart patterns does it find?
Eighteen classic patterns: head and shoulders and inverse head and shoulders, double tops and bottoms, triple tops and bottoms, ascending, descending and symmetrical triangles, rising and falling wedges, rectangles, bull and bear flags, bull and bear pennants, cup and handle, and rounding bottoms. You can filter by pattern, direction, stage, share price and trading volume.
What does breaking out or breaking down mean?
A pattern breaks out when the stock closes above its breakout line, or breaks down when it closes below it on a bearish pattern. A move through the line during the day does not count until the close, which filters out many false starts. Patterns still forming show how far the stock is from its line.
What is a measured move target?
The measured move is the classic way to set a target for a chart pattern: take the height of the pattern and project it from the breakout line in the direction of the break. Each card shows the target, the stop where the pattern would fail, and how much of the move is already done.
What does reward to risk mean on a chart pattern?
Reward to risk compares how far a stock could move to its target with how far it could move against you to its stop, both measured from today's price. It always points the way the pattern does: on a bullish pattern it is the room up to the target against the room down to the stop, and on a bearish pattern it is the room down to the target against the room up to the stop. A bullish setup at $50 with a target of $60 and a stop at $45 has $10 of reward and $5 of risk, so it shows 2.0 : 1. A higher number favors a trade in the pattern's direction, so 5 : 1 on a bearish pattern favors a move down. Above about 2 : 1 is usually seen as a favorable setup. Around 1 : 1 means the possible gain and loss are about the same size, and below 1 : 1 means the stop is closer than the target, which often happens once most of the move is done. It changes every day with the price, and it says how big the possible gain is next to the possible loss, not how likely the target is.
How reliable are chart patterns?
Less reliable than most trading books suggest. In our own testing on years of daily data, most patterns on their own did not beat simply holding the market, and many breakouts fail. Use them as one input alongside the trend, volume and the wider market, not as a signal on their own. Each pattern on this page says plainly when it has failed.
How often is the chart pattern list updated?
Once a day, after the market closes, because patterns and breakouts are judged on closing prices. During the trading day the cards and charts also show live prices, with today's candle marked as live until the close.
Is the chart pattern scanner free?
You can look around without an account for a few views a month. A free account gives you more views each month and lets you filter by pattern, direction, stage, price and volume. AI Starter and AI Pro have no monthly limit, and AI Pro adds alerts. New accounts can try AI Pro free.
Can I get alerts when a pattern breaks out?
Yes, with AI Pro. Save up to five sets of filters and get one summary after each close of new patterns and breakouts that match, by email or push. You can also follow a single pattern with the bell on its chart to hear when it breaks out, reaches its target or fails.
For informational and educational purposes only. Not investment advice, and not a recommendation to buy or sell any security. Patterns are found by software from daily closing prices and can change or fail. Past performance does not guarantee future results.