Flag and pennant are short term continuation patterns that mark a small consolidation before the previous moves resumes.These patterns are usually preceded by a sharp advance or decline with heavy volume,and mark a midpoint of a move
It is a continuation pattern that signals a period of consolidation in a trend followed by a resumption of trend
It is formed by convergence of descending resistance line and ascending support line
Time frame :Works well on hourly charts and above
It is a bearish pattern that begins wide at the bottom and contracts as prices move higher and the trading range narrows.
It forms higher highs and higher lows and consolidates between resistance and support lines.
Support line climbs at greater angle and It suggest that higher lows are forming at greater rate than higher highs
It is a bearish pattern that begins wide at the bottom and contracts as prices move higher and the trading range narrows.
It forms higher highs and higher lows and consolidates between resistance and support lines.
Support line climbs at greater angle and It suggest that higher lows are forming at greater rate than higher highs
It Breaks the support and price...
It is a chart pattern which forms when the market makes lower lows and lower highs with a contracting range
It is a bullish pattern in which price breaks the resistance line
Resistance line declines at a greater rate.
Activity slow down when price moves in a narrow range
A cup and handle is a technical chart pattern that resembles a cup and handle where the cup is in the shape of a "u" and the handle has a slight downward drift.
It is a continuation pattern where a cup and handle is considered a bullish signal extending an uptrend, and it is used to spot opportunities to go long.
It could also be a Reversal pattern which turns...
A cup and handle is a technical chart pattern that resembles a cup and handle where the cup is in the shape of a "u" and the handle has a slight downward drift.
It is a continuation pattern where a cup and handle is considered a bullish signal extending an uptrend, and it is used to spot opportunities to go long.
It could also be a Reversal pattern which turns...
double top It is a bullish reversal pattern.
Reversal after a long downtrend when price falls to lower price bounce back and again falls to the previous low only to bounce back and break neckline
