Price patterns

Price patterns are widely use to understand keenly on price movements few patterns are Double top Double bottom,Head and Shoulder, inverting head and shoulder, Cup pattern, Flag pattern etc.,
Double top happens when the trading happens at the same bullish price after one month with the high volume at second top. When the price is going down and if it reach previous buying point short position should be created and it is bearish trend.and Double bottom is vice versa.
Head and Shoulder can be easily seen like head with shoulder both side when huge volume of trading at in a span of 3 months by bigger hand to dump the shares H-S will be formed. At the end of the left shoulder there will be huge volume and when the right shoulder reaches the previous buying price short position should be created it shows the bearish trend. inverted H-S is similar like H-S but opposite.
Cup pattern forms when there is accumulation happens for longer duration and the market movement correlation is also very low with lack of volume.
Flag pattern is form with a sudden rise of steep line with in 80-75 degree and there will be a rectangular price movement with low volume. there shouldn’t be lower drift in flag. Flag patter will be consecutive with any other patterns.
Triangle pattern will form waves structures where the joining of tops and bottoms form a triangle.Volume will be more at the breakout. It may form downside or upside.