Here's a breakdown of the patterns shown:
* Falling Wedge: This pattern indicates a potential reversal from a downtrend to an uptrend. Price consolidates in a downward-sloping wedge shape, and a breakout above the upper trendline signals a buying opportunity.
* Symmetrical Triangle: This pattern forms when price consolidates between converging trendlines, indicating indecision in the market. A breakout either above the upper trendline or below the lower trendline can signal the direction of the next significant price move.
* Bullish Rectangle: This pattern forms when price consolidates between parallel horizontal trendlines after an uptrend. A breakout above the upper trendline suggests a continuation of the bullish trend.
* Inverse Head & Shoulders: This is a bullish reversal pattern that typically forms after a downtrend. It consists of three troughs, with the middle trough (head) being the lowest, flanked by two higher troughs (shoulders). A breakout above the "neckline" (resistance level connecting the peaks) signals a strong buying opportunity.
* Cup and Handle: This bullish continuation pattern resembles a "cup" followed by a shallower "handle." It indicates a period of consolidation before a potential upward price movement. A breakout above the handle's resistance level confirms the pattern.
* Ascending Triangle: This bullish continuation pattern forms when price creates higher lows and encounters a horizontal resistance level. A breakout above the horizontal resistance indicates a continuation of the uptrend.
* Head & Shoulders: This is a bearish reversal pattern that typically forms after an uptrend. It mirrors the inverse head & shoulders, with three peaks, the middle one (head) being the highest, flanked by two lower peaks (shoulders). A breakdown below the "neckline" signals a strong selling opportunity.
* Inverted Flag: This pattern, often seen after a strong downtrend, represents a brief upward correction before the downtrend resumes. A breakdown below the lower trendline of the flag confirms the bearish continuation.
