Dow theory predicts the direction of the market but it doesn’t talk about the nature of the trend. Whereas, Price patterns gives you the characteristics behind for the price movement. Transitions between rising and falling trends are often signalled by price patterns. Price pattern is a recognisable configuration of price movement that is identified using a series of trend lines and/or curves.
Different price patterns are
* Double bottom
* Double top
* Head and Shoulder
* Inverted head and shoulder
* Cup Pattern
* Flag pattern
* Triangle pattern