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Event Duration

If "Classic Patterns" is selected then the Pattern Duration criteria is enabled. This allows the investor to restrict the search to patterns that formed over a minimum or maximum number of days. Technical Analysis publications often anticipate that if a stock exhibits the price movement suggested by a classic pattern, this will occur within a time period equivalent to the duration of the pattern. If the anticipated price movement does not occur within that time period, then the pattern may have broken down and the suggested price movement may not occur after all. This means that longer patterns anticipate possible price movement over a longer term, and shorter patterns anticipate possible price movement over a shorter term. The investor might set this criteria based on the desired trading horizon.

Inbound Trend Duration

This criteria is enabled if "Classic Patterns" or "Short-term Patterns" is selected. The trend leading into the pattern is often referred to as the "inbound trend". Many patterns indicate a reversal or continuation of this prior trend. Therefore it is useful for the investor to ensure that the prior trend was well-established.

Some technical analysts prefer an inbound trend that is at least as long as the pattern itself. In this case, if an investor is specifying a pattern duration of at least 30 days, then the investor might also want to specify an inbound trend duration of at least 30 days. The investor should note that it is not always necessary to have an inbound trend that is at least as long the pattern. In many cases, an inbound trend can be considered well-established if it is a shorter but strong rally or decline.

Possible Percentage Price Move

This criteria is enabled if "Classic Patterns" is selected. Technical Analysis publications often indicate that classic patterns anticipate price movement that is equivalent to the "height" of the pattern. The "move" refers to the amount the price will move away from the breakout price defined by the pattern.

Based on this concept, patterns can be selected based on the possible price move that they suggest, as a percentage of the breakout price defined by the pattern. The investor should note that the Possible Percentage Price Move is based on the breakout price defined by the pattern, not on the current price of the stock.

The investor should also note that the Possible Percentage Price Move is not a guaranteed prediction. Technical Events™ and the possible price movement that they suggest should be used as additional information in a more comprehensive research process about the instrument.

Every chart pattern has a percentage of likelihood that it will occur. Click here to view the probabilities for some well known patterns.

Stock Chart Lessons

Event Class

Technical Events™ have been divided into four categories: Classic Patterns, Short-term Patterns, Indicators and Oscillators.

Classic Patterns is a term used to refer to a group of patterns that typically have a longer-term horizon (greater than 12 days) and which have distinct price swings such that the price swings form distinctive patterns. The names of classic patterns often reflect the shape of the formation such as the Double Top, Double Bottom, Head and Shoulders Top, Ascending Triangle and so on. Each of these patterns is described in more detail in the Lesson

Short-term Patterns are based on the shape and relationship of the candlestick(s) or price bar(s) representing one or multiple consecutive trading days. This includes patterns such as the Hanging Man and the Gap Up. The event is the confirmation that the pattern has formed in the price bar(s). These events are useful for suggesting possible short-term price movement. They are also useful for supporting or refuting the possible price movement suggested by classic patterns. Short-term patterns are often considered as supplementary information. Each of these event types is described in more detail in the Lesson

Indicators are based on moving average calculations. Each of these event types is described in more detail in the Lesson

Oscillators are based on mathematical formulas that incorporate historical or recent prices of the stock. Each of these event types is described in more detail in the Lesson


Stock Chart Lessons How To Set Up Email Alerts, And Track Portfolio Stocks Or Stocks On Your Watch List!
Stock Chart Lessons Stock Pattern Scan Emails" What They Tell You! In This Video I Show You Exactly What You Get Via Email Every day When You Have Followed The Instructions (That I made Very Easy In The Last Video Update On How To Use The Pattern Scan)
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Stock Chart Lessons Weekly And Monthly Charts Added To The Scan Along With Build In T123 Features From The Site!
Stock Chart Lessons Instant Gratification Searches For Basic To Advanced, While Learning Well Known Chart Patterns And The Time Frames!
Stock Chart Lessons Looking Up Stocks That Trade On Different Exchanges Or Countries, Using The Selection Tool And Stock Symbol Format!

You Can Always Just Search For Any Stock On Any Exchange We Cover (New York Stock Exchange, NASDAQ, American Stock Exchange, Toronto Stock Exchange, Toronto Venture Exchange, London Stock Exchange, International Money Market, FOREX)

Stock Chart Lessons

We Always Have A Featured Event And The Lesson, Scan And Setup Instructions

Stock Chart Lessons

Added Lessons And Tutorials


Stock Chart Lessons Home Page Lesson--Welcome to Trending123! As a new member you may have some question about setting up your account. This tutorial will show you how to get started with this exciting service, and also direct you to places to get help with any technical or account related questions that may arise.
Stock Chart Lessons The Trending123 member homepage is full of useful tools and information, but with all the news, education, and information, it can feel a little overwhelming. Take a tour of Trending123's dynamic homepage and learn how to best utilize the website to keep up with your stocks and the market in general.
Stock Chart Lessons Explore more of what the homepage has to offer in the second installment of the homepage tutorial. Learn more about the daily updates, the alert log, and education sections of the website.
Stock Chart Lessons Join the Trending123 community in our dynamic chat room, filled with hundreds of fellow traders and experts in the field of technical analysis. In this tutorial, learn how to get download and install the chat room software, as well as setup your trading room profile.
Stock Chart Lessons Get introduced to one of the tools available on Trending123.com, the pivot calculator. Watch as John walks you through how to use the calculator to save yourself from big losses should something catastrophic pop on the charts. The best way to learn about buying using pivots is by example. In this tutorial, John walks you through a specific stock and how to use the pivot in conjunction with the stock charts to determine if you buy or sell a stock.
Stock Chart Lessons We track 238 different sectors and sub-sectors of the market and give you a comprehensive breakdown of the results. Want to learn more?