Below is the brief description on price patterns. It uses dow theory as base and provides early signal on the trend, information about the characteristics of trend which can be used to create long and short position. Various price pattern we discussed here are double top, double bottom, head and shoulder, inverted head and shoulder, cup pattern, flag and triangle pattern. Double top, head and shoulder, triangle can hint bearish pattern. Double top, inverted head and shoulder, cup pattern, triangle can hit us bullish pattern.