Ascending Scallop (J-shape) Chart Pattern — How to Spot and Trade It

A rounded J-shaped dip and recovery within an uptrend.

In plain words

A skateboard ramp — roll down gently, launch off the far side.

What the classic books say

The Ascending Scallop (J-shape) is a continuation pattern with reference reliability Medium and illustrative behaviour of ~60% continue upward (the kind of statistics catalogued in Bulkowski's encyclopedic pattern studies and Murphy's technical-analysis classic). Chains of scallops often build big trends.

Level by level

Beginner

A gentle rounded dip, then an accelerating climb to new highs.

Intermediate

Accumulation traces a saucer inside the trend; the handle-less rim break continues it.

Advanced

Successive scallops tend to get shallower as the trend matures.

Trade plan (educational template)

• Entry: On the rim break above the scallop's start.
• Stop-loss: Below the scallop's low.
• Target: Scallop depth projected above the rim.
• Check the numbers with the Risk-Reward calculator before any entry.

Common beginner mistakes

• Buying the middle of the dip without a turn

Practise it now

• ▶ Draw the Ascending Scallop (J-shape) with live trendlines and a ghost forecast
• 📖 Full lesson in the Learning Hub

_Educational content only — not financial advice. Historical behaviour never guarantees future results._