Few Most Profitable Chart Patterns

1) Double Top, a Bearish reversal chart pattern
It is a trend reversal chart pattern formed after good bullish price movement (a continuous upward price movement for a good duration) where the upward price movement loses its steam (formed a first top) and it retraces a bit (to neck line or mid point).
Then again it moves in direction of original trend and reaches the first top level there by forming second top. It again cannot move above first top and start moving to neckline (NL).
Once the neck line is broken its fall in price is steep. There starts a downtrend.

Target
The Height of the tops will be taken as a target.

Stoploss
It is recommended to keep a stop loss of 1.5% above the neck line.

2)Double Bottom, a Bullish Reversal Chart pattern
It is a trend reversal chart pattern formed after good bearish price movement (a continuous downward price movement for a good duration) where the downward price movement loses its steam (formed a first bottom) and it retraces a bit (to neck line or mid point).
Then again it moves in direction of original trend and reaches the first bottom level there by forming second bottom. It again cannot move below first bottom and start moving to neckline (NL).
Once the neck line is broken its rise in price is steep. There starts an uptrend.

Target
The Height of the bottoms will be taken as a target.

Stoploss
It is recommended to keep a stop loss of 1.5% below the neck line.

3)Cup & Handle, A Bullish Continuation pattern
It is a pattern where the Price movement of a chart resembles a teacup.
It consist of two parts:
1) A cup:
A cup formation happens when the price moving in a uptrend shows a pull back followed by a consolidation period which makes the bottom of the cup and finally the reverse back to upside continuing the uptrend.
Usually the pattern looks like a 'U' to round bottom. The deeper the 'U' or round shape the reliable the pattern is.
2) A Handle :
After the formation of right highs of a round cup, there is a pull back before continuation of the trend which forms the handle of this pattern. It is formed in the right hand side of the cup.

Entry:
A Neckline breakout supported by huge volumes is the confirmation of this pattern that the previous trend has resumed. Trade should be taken only after the neckline Breakout

Target :
The height of the cup will be taken as a target.

Stoploss:
Stop loss should be placed under the handle low