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Price Pattern is a pattern with in a chart when the prices are graphed. Price pattern plays a major role in technical analysis of the stock. When data is plotted there is usually a pattern which naturally occurs and repeats over a period of time. The pattern is used to identify theĀ continuation or reversal signal.
Price patterns follows Dow theory but provides early indication on price movement. These patterns are seen inĀ the market on various scenariosĀ and expected to follow the definedĀ trendĀ once the pattern occurs.The patterns are visualized through charts with defined timeline, which helps to analyse the market situations and indicates when to place long/short positions.
The price patterns explains the demand and supply and also the nature and characteristic of the market with the entry and exit.
some of the major price patterns are double top and bottom, cup pattern ,flag pattern, head and shoulder, triangle pattern Ā etc.,
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