How do you calculate a breakout price?

For upward breakouts, take the height from the highest peak in the pattern to the lowest trough in the pattern and add that amount to the breakout price for a price target. Take the height of the right cup lip to the bottom of the cup, then add that amount to the breakout price.

What are continuation chart patterns?

Continuation chart patterns are price formations in financial markets that suggest an ongoing trend will likely resume after a temporary pause. Traders use them to predict potential price directions and plan their trades accordingly. Continuation chart patterns include:

Do you need a chart pattern cheat sheet?

And, as remembering all the chart patterns can be quite tricky for some traders, a cheat sheet is an excellent and straightforward way to do that, especially at the beginning of your trading journey. We also suggest you download or advanced candlestick patterns cheat sheet.