Day 6

Price patterns are often found when price “takes a break,” signifying areas of consolidation that can result in a continuation or reversal of the prevailing trend.
Double Top is the pattern in which two equivalent tops are formed with in a period of 1 month and the volume should be more in the second top
The Double Bottom Reversal is a bullish reversal pattern typically found on bar charts, line charts, and candlestick charts.
Head and shoulders (chart pattern) On the technical analysis chart, the Head and shoulders formation occurs when a market trend is in the process of reversal either from a bullish or bearish trend; a characteristic pattern takes shape and is recognized as reversal formation.
An inverse head and shoulders, also called a head and shoulders bottom, is inverted with the head and shoulders top used to predict reversals in downtrends
A rounded bottom reversal signals the end of a downtrend and that prices are starting to rise again. The price is declining, levels off, and then ascends. When the price levels off, it may even form a small double bottom, triple bottom, or head and shoulders patter
Flag pattern is one of the trend indicator in price pattern. A Perfect flat should meet the following conditions. It should have a steeper pole followed by sideways movement which is considered as body of the flag. Positive pole flag should give positive break out.
Entry price should be just after the break out
Exit price should be just after the price movement has reversed the direction
Stop loss at the point where the breakout gap is filled
Condition for triangle: Visible triangle formation while connecting tops and bottom in straight line, triangle area should be 1.5 months duration.