there are some price patterns in technical analysis.
double top and double bottom, head and shoulder, cup pattern, flag pattern and triangle pattern.
double top : two equivalent top. the volume is high duration time is min 20 days. if the price going down by neck line the bearish trend.
double bottom : two equivalent bottom. volume is high, the price is going beyond the previous top bullish trend.
head and shoulder : one top is highest among the two tops its head. left shoulder have high in volume. right shoulder is low volume in movements. the time duration is each contains one month.
cup pattern : its easily visible in line chart. duration is 6 months to 1 year to form. its appear in bottom. the volume is low.
flag pattern : a steep pole price movements in side ways. 3 to 7 days to form a pattern.the positive pole should give bullish trend. volume expected to high on breakout.
triangle pattern : 5 waves to connect the perfect triangle patterns i.e ( A,B,C,D,E) to connect all top and bottom it gives a triangle shape. it take 1.5 months to form a patterns like this. triangle breakout expected around 70% zone. volume required to confirm the breakout.
price patterns
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