Journal
Sketches we were willing to publish.
Short notes from the naming table on necklines, flags, double lows, triangles, and wedges. Each one is a habit we use in technical analysis training for chart pattern recognition.
Where a neckline actually sits
The neckline is not the first horizontal line that looks tidy. It joins the two reaction points, and the wicks get a vote.
A flag that has overstayed
The pole is the easy part. The pause has a lifetime, and after that the honest name is a range.
The second low does not have to match
Exact twins are rare on a daily chart. We care about the zone, the peak between the lows, and the close that follows.
Two touches on each side, or it is not a triangle yet
Narrowing is not a triangle. We count touches, and we say which kind of triangle the touches describe.
A rising wedge is two lines, not a mood
Tired markets are not wedges. A wedge is two lines that both rise or both fall, and that converge.