1. Bullish Chart Patterns (Indicate a potential price increase)
These patterns suggest a higher probability of an upward trend after formation.
Inverted Head & Shoulders – A reversal pattern indicating a shift from a downtrend to an uptrend.
Double Bottom – A ‘W’-shaped pattern showing strong support and a possible bullish reversal.
Bullish Flag – A consolidation pattern with a slight downward slant, often leading to a breakout upward.
Triple Bottom – A pattern with three equal lows, signaling strong support and a trend reversal.
Cup & Handle – A rounded bottom with a small dip (handle), often indicating a breakout to the upside.
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2. Indefinite Chart Patterns (Can break in either direction)
These patterns require confirmation since they do not guarantee a specific movement.
Symmetric Triangle – A neutral pattern where price converges, with a breakout possible in either direction.
Falling Narrowing Wedge – Typically a bullish pattern, but requires a breakout confirmation.
Rising Narrowing Wedge – Typically bearish, but could also break upwards in rare cases.
Descending Triangle – Usually bearish but can break upwards if strong buying pressure exists.
Ascending Triangle – Usually bullish but may break down if sellers dominate.
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3. Bearish Chart Patterns (Indicate a potential price decrease)
These patterns suggest a downward trend after formation.
Head & Shoulders – A reversal pattern that indicates a transition from an uptrend to a downtrend.
Triple Top – A pattern with three equal highs, signaling strong resistance and a possible drop.
Double Top – An ‘M’-shaped pattern showing resistance and a bearish reversal.
Bearish Flag – A consolidation pattern with an upward slant, often leading to a downward breakout.
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Key Takeaways:
Bullish patterns suggest buying opportunities.
Bearish patterns signal potential selling pressure.
Indefinite patterns require confirmation before trading decisions.
Here is the patterns image 👇
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