Price patterns

Price paterns are the patterns which helps us in understanding the price movememt as well as the movement of demand and supply.
Dow thoery just helps us im understanding the movement of demand and supply.
While the price patterns gives early indication of price movement , the dow theory does not give the early indication of movement of demand and supply.
Double top and double bottoms can be understood with the pattern in which it is formed .
When it is formed in the form of letter M it is called as double top
When it it formed with letter W it is called as double bottom.
Head and shoulder pattern is formed when it has a left shoulder and a head that is the top point and the right shoulder.
The inverted shoulder pattern arises when there is left shoulder and a bottom point of head and a right shoulder and the inverse head and shoulder pattern arises when there is a left shoulder and a top point of head and a right shoulder.
Cup pattern is the psttern which arises with bottom line charts on the fo of cup with a duration of 1 month with low volume since there is accumulation of stocks in the stronger hands.
Flag pattern arises when the line charts is in the form of steeper pole and a rectangulsr movement in which there should not be a downward drift in order to form a perfect flag pattern.
Triangle pattern aroses when the line charts appears to be in the form of A-B-C-D-E with A meaning low top and B meaning high bottom and with C meaning low top amd with D meaning hogh bottom and with E meaning low top and the duration of formation of triangle pattern is 1.5 months.