#chartpattern #ChartAnalysis 1. Reversal Patterns

These suggest a change in the current trend.

Head and Shoulders

Top: Signals a reversal from uptrend to downtrend.

Bottom (Inverse H&S): Reversal from downtrend to uptrend.

Double Top / Double Bottom

Double Top: Bearish reversal after an uptrend.

Double Bottom: Bullish reversal after a downtrend.

Triple Top / Triple Bottom

Similar to double patterns but with three peaks or troughs.

Rounding Bottom

Bullish reversal; long-term pattern indicating accumulation.

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2. Continuation Patterns

These suggest the trend will continue.

Flags and Pennants

Bullish flag/pennant: Brief consolidation before resuming uptrend.

Bearish flag/pennant: Brief consolidation before resuming downtrend.

Triangles

Ascending Triangle: Bullish continuation (flat top, rising bottom).

Descending Triangle: Bearish continuation (flat bottom, falling top).

Symmetrical Triangle: Can break either way; continuation likely.

Cup and Handle

Bullish pattern; resembles a teacup.

Handle part may form a flag/pennant.