Classical patterns we study
A plain-language guide to the formations that appear in Web Analytics lessons — the same classical chart pattern recognition vocabulary used at the Bindera table.
Classical chart pattern recognition is older than most charting software. The formations below appear in our workshop packs because generations of tape readers described them the same way: structure first, confirmation second, opinion last.
How we use this guide
Treat each card as a reminder, not a trade signal. In class we add trend context, volume behaviour at the break, and a written invalidation level. If a shape on your screen fails those tests, we leave it unnamed.
Confirmation habits
A pattern sketch becomes actionable in our teaching only after price breaks the boundary that defines the formation, ideally with volume behaviour that matches classical expectations. Throwbacks and pullbacks are practised so students do not abandon a valid break at the first quiet retest.
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Head and shoulders
A three-swing reversal with a higher middle peak, a neckline, and a measured move estimated from head to neckline after a confirmed break.
Double top & double bottom
Two tests of a similar high or low, separated by a reaction, completed only when price clears the intervening trough or peak.
Triangles
Symmetrical, ascending, and descending contractions. We count touches before naming the shape and watch volume as the apex nears.
Flags & pennants
Brief consolidations after a sharp move. Slope, duration, and the prior impulse all matter before the continuation label sticks.
Wedges
Rising and falling wedges with converging boundaries — often misread when traders ignore the wider trend context.
Rectangles
Horizontal trading ranges with repeated support and resistance. Breaks and throwbacks are drilled with the same patience as flashier shapes.