Introducing v1.0.1 BacktestX Chart. Learn More
Version: 1.0.1

Chart Patterns

Guide to plotting structural chart patterns, harmonic geometric coordinates, and Elliott Waves.

Head & Shoulders

Description: Plots a classic Head & Shoulders pattern linking left shoulder, head, right shoulder, and neckline.

Practical Uses

Predicting key trend reversals.

How to Draw / Use

Click 7 points: Left shoulder start, peak, bottom, Head peak, bottom, Right shoulder peak, and neckline.

XABCD Harmonic

Description: Draws a 5-point harmonic grid (X, A, B, C, D) displaying relative ratios for Gartley/Bat patterns.

Practical Uses

Harmonic pattern recognition and target forecasting.

How to Draw / Use

Click 5 points: X, A, B, C, D sequentially. Ratios render between the lines.

ABCD Pattern

Description: Draws a 4-point harmonic wave structure (A, B, C, D) mapping wave symmetry.

Practical Uses

Tracking standard harmonic market legs.

How to Draw / Use

Click 4 points: A, B, C, D sequentially on the swings.

Cypher Pattern

Description: Draws a 5-point Cypher harmonic wave pattern with customized mathematical projections.

Practical Uses

Identifying Cypher harmonic reversals.

How to Draw / Use

Click 5 points sequentially: X, A, B, C, D.

Triangle Pattern

Description: Draws a 4-point contracting/expanding triangle shape.

Practical Uses

Highlighting symmetrical breakouts or flags.

How to Draw / Use

Click 4 swing points sequentially to outline the boundaries.

Three Drives Pattern

Description: Plots a 6-point harmonic pattern mapping three consecutive drives.

Practical Uses

Identifying exhaustion peaks.

How to Draw / Use

Click 6 points sequentially on the swing pivots.

Elliott Impulse Wave

Description: Draws a 5-wave impulse sequence (1, 2, 3, 4, 5).

Practical Uses

Mapping impulse trends in price action.

How to Draw / Use

Click 6 points sequentially: 0, 1, 2, 3, 4, 5.

Elliott Wave Correction

Description: Draws a 3-wave correction sequence (A, B, C or W, X, Y).

Practical Uses

Analyzing correction structures.

How to Draw / Use

Click 4 points sequentially: 0, A, B, C.

Elliott Double Combo

Description: Draws an Elliott double combo wave correction (W, X, Y, XX, Z).

Practical Uses

Analyzing complex sideways consolidation cycles.

How to Draw / Use

Click points sequentially to map the double combo nodes.

Elliott Triangle Wave

Description: Draws an Elliott ABCDE triangle consolidation wave.

Practical Uses

Analyzing contracting consolidation periods.

How to Draw / Use

Click 6 points sequentially: A, B, C, D, E.

Elliott Triple Combo

Description: Draws an Elliott triple combo correction pattern.

Practical Uses

Mapping highly complex triple corrective structures.

How to Draw / Use

Click points sequentially to map out triple combo nodes.