Price patterns are graphical indicators of the current demand and supply condition for a particular stock in the marketPrice patterns helps traders understand the character of the market and gives short term signals or early signals about the trend in the market,where as dow theory give signals which might or might not be useful for tradersCup pattern indicates a strong hand is buying stocks slowly over a long period (6 months to 2 years)
Low volumeTriangle pattern – break out directions is unpredictable at the beginning of its formation
This pattern is formed when the recent support and resistance line form a triangle indicating the aggressive nature of both buyers and sellers
, , Price Patterns, cup pattern, Double top/bottom, flag pattern, Head and Shoulder, Price Patterns, triangle pattern
