Here I will give you the information I know for many years about the chart patterns and its application for reading stock prices, commodities and forex.
This pattern is the same as the Gartley pattern but here I call this basic pattern of M and W.
All charts including  stocks, commodities and forex follow this basic pattern, the basic pattern M is the basic pattern for a downtrend while the basic pattern W is the basic pattern for the uptrend.

Let’s we talk W first,

 

 

Basic Pattern W – Uptrend Chart Patterns

 

Look above picture, if point 3 is higher than point 1 or point 3 same with  point 1 then the Uptrend Chart Patterns has been formed, but if point 1 is exceeded by point 3 then the continuation of the downtrend trend will occur.
A good entry point is at point 3  with a stop loss at point 1 and the first target is point 2 then  point 0.

See stock chart below:

 

CHEVRON WEEKLY

 

SOYBEAN WEEKLY

 

 

SUGAR WEEKLY