Top 15 Charts Patterns You Should Know
Chart Patterns : Today we will learn about the Chart Patterns. Chart Patterns can be classified into three categories Reversal pattern, Continuation and neutral patterns. Reversal patterns indicate a potential change in the existing trend, either from bullish to bearish or vice versa. These patterns signal that the current trend is losing momentum and a new trend may emerge. While Continuation patterns suggest that the existing trend will likely continue after a brief consolidation phase. These patterns represent a pause in the trend before it resumes. Some patterns also known as neutral pattern or bilateral. Bilateral patterns indicate uncertainty in the market and can break out in either direction. Traders typically wait for confirmation before entering a trade.
Triangle Patterns
Flag & Pennant Pattern
- Double Top (Bearish)
- Double Bottom (Bullish)
- Head and Shoulders (Bearish)
- Inverse Head and Shoulders (Bullish)
- Rounding Top
- Rounding Bottom
- Cup with Handle
- Inverted Cup and Handle
- Triple Top (Bearish)
- Triple Bottom (Bullish)
- Flags (Bullish/Bearish)
- Pennants (Bullish/Bearish)
- Symmetrical Triangle (Neutral but depends on breakout direction)
- Ascending Triangle (Bullish)
- Descending Triangle (Bearish)
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