Characteristics of market

Price patterns are useful to find the characteristics of market trend.Double top is the pattern which consist of two equivalent top with min 1 month period of time. Volume should be high in the second top region Double bottom is the pattern for identify the bullish trend . It consists of two equivalent bottom with min 1 month period of time. Volume should be high at second bottom region compare than recent time. long position can be considered after the second bottom created but above the previous high. Flag pattern is one of the price pattern consist of one steeper pole (70-85 degree)after that rectangular shape horizontal movement. It takes less Time to form(15 to 20 days) . volume is expected to increase while giving breakout. Long position can be considered after the rectangular shape break out.cup pattern is one of the price patterns due to the gradual accumulation of stronger hand . It’s power full and takes long time to form (min 2 yrs)the volume should be low as possible.correlation between the market to the stock should be low traingle pattern consist of five continuous wave should form the traingle. Traingle area should be min 45 days . Volume required to confirm breakout. Long position can be considered after the break out and above the previous high.