PATTERNS
PATTERNS
PATTERNS
A head & shoulder pattern is a chart formation that appears as a An inverse head and shoulder is similar to the standard head and
baseline with three peaks, where the outside two are similar in height shoulder pattern, but inverted: with the head and shoulders top used to
and the middle is highest & breakout confirmed once asset breaks predict reversals in downtrends. the price falls to a trough and then
support level & it resembles with human head and shoulder shape rises; the price falls below the previous trough and then rises again;
that’s why it is called as head &shoulder finally, the price falls again but not as far as the second trough. Once the
final trough is made, the price heads upward & breaks resistance
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is a continuation pattern that occurs when a price pauses
during a strong downtrend and temporarily bounces between
two parallel levels before the trend continues, breakout
confirmed once it break its support & goes in downward
direction.
BULLISH RECTANGLE
The bullish rectangle is a continuation patterns that occur when a price pauses
during a strong trend and temporarily bounces between two parallel levels
before the trend continues, breakout confirmed once it break its resistance &
goes in upward direction
BEARISH RECTANGLE
BULLISH FLAG
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