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The phrase "a chart pattern" is correct and usable in written English.
You can use it when discussing technical analysis in finance or trading, referring to a specific formation on a price chart that can indicate future price movements.
Example: "Traders often look for a chart pattern that signals a potential reversal in the market."
Alternatives: "a price pattern" or "a graphical pattern".
Exact(8)
Spike: A chart pattern revealing a sudden or extreme move to a new high or low.
Last month, I showed a chart pattern in the U.S. dollar that likely indicates another large move ahead.
As I always say in scenarios like this, we don't have to predict which way a chart pattern will break out; all we have to do is react.
It appears that this range is a wedge pattern - a chart pattern that often leads to sharp moves in the direction of the breakout.
The head and shoulders pattern is a chart pattern considered by many technical and fundamental analysts to be one of the most reliable trend reversal patterns.
I came across an interesting chart a few days ago from analyst Raoul Pal showing that the U.S. dollar may be forming a chart pattern that indicates another strong rally ahead.
Similar(52)
A technical chart pattern that follows a letter V form, indicating that the security price has bottomed out, and is now in a bullish trend.
Line Formation: A sideways chart pattern that unfolds within a very narrow price range.
In Genesco's case, the stock shows a bullish chart pattern; it trades at a 33% premium to its 200-day moving average.
Wedge Refers to a technical chart pattern of two converging lines connecting a series of peaks and troughs to form a wedge.
If it turns out that we are entering a miniature bull market, investors should buy a futures contract on Nasdaq and pick two or three companies with a good chart pattern and good fundamentals and stay with them until the rally runs its course.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com