PRICE PATTERN

price patterns to examine current movements and forecast the market movements.Dow theory simply shows the demand and supply and gives the direction whether it is positive or negative. . price pattern says even about the Entry,Exit and stoploss.they should have equivalent tops and duration between the two tops should be minimum 1 month.Volume should be high at the second top. After the second top we expect the bearish pattern.they should have equivalent bottoms and duration between the two bottoms should be minimum 1 month.Volume should be high at the second bottom. After the second bottom we expect the bullish pattern.Rectangular shaped sideways movement can be considered as flag. Generally takes less time to format. Volume is expected to increase while giving breaking out. Positive flag pole should give positive break out.Line chart pattern in the form of 5 waves should form a triangle shape while connecting the TOPS and BOTTOMS.Duration of triangle area should be minimum 45 days. Breakout expected at 70% zone. Volume is required to confirm the breakout.