Learn the Chart Patterns & Strategies That Power TradingPal

Explore the chart patterns and rule-based strategies TradingPal scans across 500+ stocks, backed by tens of thousands of historical trades.

Chart Pattern Guides

Learn how to spot and trade pennants, triangles, and wedges using tested entry, exit, and target rules.

Counts and win rates use the latest completed nightly artifact.

Bullish Pennant

A bull pennant is a short breather after a stock runs higher. Here's how to recognize the shape, where a rule-based trade would enter and exit, and what TradingPal's historical test found—including the losses.

55% win rate74 formed recently

Bearish Pennant

A bear pennant is a short breather after a stock falls hard. Here's how to recognize the shape, what it can mean for shares you own, how a rule-based short works, and what TradingPal's historical test found—including the losses.

44% win rate51 formed recently

Ascending Triangle

An ascending triangle forms when a stock keeps meeting the same ceiling while each dip stops a little higher. Here's how to recognize both possible break directions, build the trade plan, and read TradingPal's historical results without treating them as a forecast.

55% win rate14 formed recently

Descending Triangle

A descending triangle forms when a stock keeps landing on the same floor while each bounce fades sooner. Here's how to recognize both possible break directions, protect shares you own, and read TradingPal's historical results without treating them as a forecast.

44% win rate4 formed recently

Symmetrical Triangle

A symmetrical triangle is a stock coiling tighter and tighter — lower highs and higher lows squeezing toward a point — with neither buyers nor sellers in charge. The break can go either way, and the trade doesn't start until it happens. Here's how to spot one, how to trade both directions, and what our testing shows.

55% win rate95 formed recently

Falling Wedge

A falling wedge looks weak at first—the price is still sliding—but each push down is losing ground. Here's how to recognize the squeeze, build a rule-based trade, and read what TradingPal's historical test found.

54% win rate83 formed recently

Rising Wedge

A rising wedge can look healthy because price is still climbing, but each push up is losing ground. Here's how to recognize the squeeze, protect shares you own, and read what TradingPal's historical test found.

49% win rate56 formed recently

Nightly backtest

Which chart patterns actually work?

Pattern	Usual break	Win rate	Avg return	Backtested trades	Fresh (45d)
Bullish Pennant	Up	55.2%	+0.58R	13,034	74
Bearish Pennant	Down	44.1%	+0.15R	11,004	51
Ascending Triangle	Up	55.2%	+0.58R	13,034	14
Descending Triangle	Down	44.1%	+0.15R	11,004	4
Symmetrical Triangle	Either way	55.2%	+0.58R	13,034	95
Falling Wedge	Up	53.9%	+0.38R	13,048	83
Rising Wedge	Down	49.3%	+0.13R	14,154	56

How we run this test →

Trendline, Support and Resistance Trading Guides

Start with trend line, support and Fibonacci basics, then build a complete strategy with defined entries, stops, exits and historical results.

Trend Line Basics

A trend line is a straight line that connects meaningful price turns and extends them forward. It helps you see the direction and pace of a move, but it is a location to investigate—not a trade signal by itself.

Support and Resistance

Support is an area where declines have previously attracted buyers; resistance is where rallies have met sellers. They can be horizontal or diagonal, and they are better treated as zones to test than exact promises.

Fibonacci Levels

Fibonacci retracements map possible pullback locations inside a prior move. Extensions project possible locations beyond that move. Both depend on consistent anchors and neither supplies trading odds on its own.

Trendline Trading Strategy

A trendline strategy becomes testable only when every decision is specified before the outcome: which line qualifies, when entry occurs, what invalidates the trade and how the position exits.

Buy the Dip

TradingPal does not buy every stock that falls. On weekly and monthly charts, the tested entry sits in a small band above qualified support, the planned stop sits below it, and exits follow the article's timeframe—not daily noise.

Sell the Rip

A rip is a fast rally. TradingPal only treats it as a Sell the Rip setup when an ETF rallies into tested weekly or monthly resistance, with the entry, safety exit, and target decided before the trade starts.

How TradingPal Compares

Every screener finds shapes. See what changes when each setup carries its backtested win rate, expected R, and drawdown — and where each tool is still worth using.

TradingPal vs Finviz

Broad market filtering, compared with historical setup records beside the chart.

Compare →

TradingPal vs TradingView

Deep charting and scripting, compared with ready-to-read historical setup records.

Compare →

TrendSpider vs TradingView

A fair comparison of two power tools and a third, evidence-first workflow.

See the matchup →

Trading by the Numbers: Win Rate, Risk/Reward & Backtesting

Learn how win rate, profit factor, risk/reward, and average return in R reveal whether a systematic trading strategy works.

Risk/Reward & R-Multiples

Before experienced traders ask “will this trade win?”, they ask a better question: “if it wins, how much could it make — and if it loses, how much is planned at risk?” That comparison is the risk/reward ratio. R is the shared unit behind TradingPal's setup-card trade results, so ten minutes here will make those track records much easier to read.

Read the guide →

Track Record Metrics

No single number tells you whether a strategy is good. This guide explains every metric in TradingPal's track-record panel, in plain English: what it measures, what can fool you, and which other number to read beside it.

Read the guide →

What Is Backtesting?

Anyone can say a chart pattern “works.” Backtesting is how you check: write the rule precisely, replay it over years of prices, and keep every simulated trade—winners and losers alike. Here's the beginner version, the sneaky ways a test can lie, and where TradingPal's nightly pattern records fit into the larger methodology.

Read the guide →

How TradingPal Backtests

If you've ever looked at a smooth equity curve and thought, “Okay, but what did you leave out?”—good. That's the right question. Here is our current public methodology: how each test works, why we run 25 portfolio paths, where the 95% gross-exposure cap comes in, which costs we model, the key metrics we watch, and the limitations we still print in the open.

Read the guide →

Chart patterns cheat sheet (PDF)

All seven patterns on one printable page — the shape, the usual break direction, and the entry / safety-exit / target rules. Free download.

Download the PDF

Educational content, not investment advice. Backtest statistics are historical results of a simulated strategy — they describe the past, not the next trade.