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Matt_Chart - Favorite Technical Analysis Charts

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Moderator: Matt_Chart Assistants: ~BC~, SmarTrader, fast.money
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Last Post: 3/20/2015 12:11:41 PM - Followers: 524 - Board type: Free - Posts Today: 0




This is a board for researching fundamental and technical analysis charts.


Triangles are important chart patterns. They offer very good probability for continuation of a trend when the price breaks from this pattern.

Ascending triangle

This version of a stock chart pattern is considered bullish. It has very good reliability if it is found in an uptrend . As you can see in the illustration, there is horizontal resistance at highs and a rising support line at lows.

Descending triangle

This version of a stock chart pattern is considered bearish. It has very good reliability if it is found in a downtrend. The resistance is a declining downtrend line, and support is at the horizontal level.



Flags and Pennants

Flags and pennants are very solid stock chart patterns. They signal very good trading opportunities.

I like these chart patterns, and a lot of other traders agree that they're the most reliable chart patterns.

They're known as continuation stock chart patterns. You can find them after a strong trend move. These patterns represent consolidation and little sideways movement. When the price breaks from the pattern, then the trend resumes again.

The bullish version has lower lows and lower highs against the previous main trend direction. Trend lines for highs and lows are parallel.

bull flag uptrend



type of pattern is based on higher highs and higher lows against the major trend.

bear flag downtrend


have another design. Trend lines are not parallel, but they're going to meet at one point. This pattern is smaller in size and also needs less time to develop.




Head and shoulders

Head and shoulders is a bearish reversal chart pattern. It finishes an uptrend move and starts a downtrend move.

head and shoulders bearish chart pattern

The Left shoulder and head are created during an uptrend. The price retraces all the way down from the top of pattern, it means

100% retracement

of a head uptrend move. This is first warning sign. It shows that the uptrend is weak.

Then, the right shoulder forms. A lot of supply is available from previous buyers in a head uptrend and creates a lower high, that is, the right shoulder. This is the last warning sign that the uptrend is finished.

Inverse head and shoulders pattern

This is a bullish version of this chart pattern. The same rules work for this version as for the bearish version above.


Bullish Inverse head and shoulders pattern


  • Watch the volume. Volume has to decrease during development of this pattern.
  • Breakout from the pattern will not fail if it's accompanied by higher volume.


What Are Elliot Wave Cycles?

Please read, these cycles happen very often in penny stocks.
















Charting tools





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#16161  Sticky Note ATTENTION: Free Stock Market Trading Articles and Videos Matt_Chart 04/27/12 01:10:33 AM
#13075  Sticky Note MATTS ENTIRE CHARTLIST Matt_Chart 08/24/11 12:30:06 AM
#12924  Sticky Note E-MAIL SIGN-UP TO RECEIVE MATT'S HOTTEST BREAKOUT AND Matt_Chart 08/17/11 11:14:56 PM
#2  Sticky Note How To Read My Charts! Matt_Chart 07/28/10 08:42:41 PM
#16528   Xylitol Canada, Inc. [$XYLTF] due diligence via ddnotesmaker.com fast.money 03/20/15 12:11:41 PM
#16527   BICX Once medical intervention has reduced the physical geraldr 02/27/15 09:57:51 AM
#16526   Any thoughts. On gold, silver, copper, oil, specifically Toofuzzy 12/27/14 10:28:24 PM
#16525   SCON - 2015 top pick - read_this_n0w 10/06/14 03:11:15 PM
#16524   Great Looking chart! ** $CIGW ** Penny Stock fast.money 07/31/14 09:22:54 AM
#16523   $CIGW ~ Annotated Daily Chart Penny Roger$ 07/30/14 11:53:38 PM
#16522   $PLWY Peoplesway is building on its strong heritage fast.money 07/09/14 01:39:53 PM
#16521   $OCEE about to breakout on chart @ http://www.barchart.com/opinions/stocks/OCEE costapennies 06/18/14 12:00:30 PM
#16520   $DGRI Dutch Gold Resources, Inc. Financial Services for fast.money 05/29/14 10:22:55 AM
#16519   $ZRSCF is projected that the head grade will fast.money 05/19/14 10:35:39 AM
#16517   $FDMF Technical Opinion from Barchart. fast.money 04/22/14 02:40:30 PM
#16516   $ECDP's Watergeeks was on the NBC "Today's Show" fast.money 04/14/14 11:43:48 AM
#16514   $NXTD Recent Development: fast.money 04/08/14 03:42:22 PM
#16513   Here is PEIX chart! I might as well ID Supermoney 04/04/14 08:59:12 PM
#16512   Republic of Texas Brands $RTXBQ has launched its fast.money 04/04/14 02:38:20 PM
#16511   The Live Deal smart phone app is out. SPORTSPROPHET 04/03/14 12:26:16 PM
#16510   $EMBR HUGE Cannabis Premarket News! Embarr Downs Inc. fast.money 03/31/14 08:49:38 AM
#16509   Looks like that $1.25 downwards gap might fill. foxwoodsfan 03/28/14 04:51:42 PM
#16508   $POIL has a lot of potential to make fast.money 03/28/14 01:37:35 PM
#16507   $KIMJF very small market cap! See share structure fast.money 03/26/14 01:46:36 PM
#16506   VMGI Lights! Action! and a Bullish Smoke! fast.money 03/21/14 02:27:43 PM
#16505   RTXBQ Just found out you can get a stocked3 03/16/14 04:09:40 PM
#16504   RTXBQ after delivery! Did not know some stocked3 03/16/14 04:00:50 PM
#16503   RTXBQ have to say unbeknown to me I stocked3 03/16/14 03:56:13 PM
#16502   OTCQB: EPAZ EPAZZ, Inc.; Cloud Business Software fast.money 02/28/14 02:28:36 PM
#16501   $POIL ~ Growth Overview fast.money 02/27/14 03:18:41 PM
#16500   $SING Description fast.money 02/25/14 01:34:58 PM
#16499   CNR e-mail blast low float china play Aloha50investr 02/21/14 03:45:34 PM
#16498   $HNSS Business Description fast.money 02/20/14 11:41:41 AM
#16497   $POIL's Corporate Website is: http://www.poil.us ; tons of fast.money 02/20/14 11:31:53 AM
#16496   Matt, can you do a LIVE chart for SPORTSPROPHET 02/12/14 12:28:04 PM
#16495   $ECDP very low and tight share structure! Float fast.money 02/11/14 02:30:21 PM
#16494   FITX the BEST "WEED" play by far IMHO Spartacus24 01/21/14 09:20:33 AM
#16493   Matt Long time no chat...could you do a chart SPORTSPROPHET 01/17/14 07:28:51 PM
#16492   $DMHI ~ TRIX crossover triggered! Penny Roger$ 01/12/14 08:31:02 PM
#16491   $BLUU should be getting a strong close here fast.money 01/10/14 02:23:12 PM
#16490   Never trust RSI on OTC ;-) SilentSniper 01/10/14 09:24:56 AM
#16489   $MGON Megola, Inc. is a publicly traded on fast.money 11/20/13 01:37:45 PM
#16488   WWWW (nasdaq CM) accounting tricks accusations: read_this_n0w 10/08/13 05:50:37 AM
#16487   TWTRQ Twitter announces a IPO plan. Oh boy Matt_Chart 10/04/13 03:14:16 PM
#16485   Lovin this one [SMART MONEY] 09/12/13 11:24:58 PM
#16484   Hey still around, not very often, still see Matt_Chart 09/12/13 01:35:20 PM
#16483   SCON been a watcher since drop sludgehound 09/10/13 06:59:13 PM
#16482   SCON will go soon , annotated chart read_this_n0w 09/10/13 11:22:38 AM
#16481   $EPAZ is a nice subpenny stock in play!! fast.money 09/04/13 08:33:46 AM
#16480   $1000 turns into $300 in 2 weeks. Wanna lazyeye 09/03/13 03:12:17 PM
#16479   Company Officers/Contacts PSY 08/26/13 09:35:57 AM
#16478   $FDFT very oversold on chart. See RSI is fast.money 08/19/13 08:12:05 PM
#16477   ZERO TransCanada contract done, uplist coming what's the MU_Redskin1 08/06/13 07:40:51 AM
#16476   He has not been on the board for ID Supermoney 07/27/13 01:25:26 PM