Price pattern tries to explain the price behavior which helps to give an early indication of price movement. There are various price patterns. Double bottom, flag pattern, inverted head & shoulder pattern gives the bullish trend signal. Whereas double top, head & shoulder, inverse flag give bearish trend signal. The cup pattern & inverted head & shoulder are accumulation pattern whereas head & shoulder is distribution pattern. The triangle pattern is very powerful & its trend will be decided by the direction of breakout. These price patterns can be utilised to make proper trade plan i.e. to decide entry & exit price, stop loss.
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