Preceding Trend: Down
Time Frame: Daily Chart
Pattern: Symmetrical Triangle
Bullish Reversal
Observation:
Total 5 touch points
3 touch points on highs
2 touch points on lows
Breakout and Retest
Breakout on decent volumes
20% potential upside from breakout
Pattern fails, if price closes below last Higher low
Preceding Trend: Down
Time Frame: Daily Chart
Pattern: Breakout of Downward Channel
Bullish Reversal
Observation:
Total 5 touch points
3 touch points on highs
2 touch points on lows
Partial Decline making Higher Low confirms beginning of fresh uptrend
Breakout on decent volumes
25% potential upside from breakout
Pattern fails, if price closes below the higher...
Preceding Trend: Up
Time Frame: Daily Chart
Bullish Continuation
Pattern: Triangle
Observation:
Total 5 touch points
2 touch points on highs
3 touch points on lows
Breakout on decent volumes
22% potential upside from breakout
pattern fails, if price closes below the last higher low of the triangle
Preceding Trend: Down
Time Frame: Daily chart
Bullish reversal
Pattern: Inverse Head & Shoulder
Observation:
Down sloping neckline
Almost equal shoulder lows
Neckline breakout with high volumes
Decent pullback close to neckline after breakout
Potential upside 15%
Pattern fails if price closes below the low of right shoulder
