The following are the main bullish patterns in technical analysis, which typically indicate the likelihood of a price increase after they form:
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1. Inverted Head and Shoulders Pattern
Indicates a reversal from a downtrend to an uptrend.
It consists of three troughs: the head (lowest) and the shoulders on either side.
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2. Double Bottom Pattern
Resembles the letter "W".
Indicates price rejection of downward movement twice, paving the way for an upcoming rise.
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3. Falling Wedge Pattern
Consists of two descending lines that converge.
Indicates a potential bullish breakout.
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4. Ascending Triangle Pattern
Horizontal resistance ceiling, with an ascending bottom.
Indicates buying pressure and a potential breakout to the upside.
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5. Bullish Flag Pattern
Appears after a strong upward movement, followed by a sideways or downward correction.
Indicates the continuation of the upward trend.
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