Price patterns are derived from Dow theory and can give the characteristics behind the price movement and provides the same information about the supply and demand like Dow theory.
By identifying the patterns in line or candle stick charts we can predict the movement of the trend and prepare for trading.
The shapes should be identified and the necessary conditions should be followed to predict the market.
, , Price Patterns, cup pattern, Double bottom, Double Top, flag pattern, Head and Shoulder, price pattern, triangle pattern
hi sir,
your answers are descriptive and easy to understand.
one small correction that the cup pattern duration is 2 years, in 2 months the cup pattern can’t elaborate.
My bad. Thank you for correcting me.