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Price Patterns Simplified📒

🔵There are 2 types of price patterns in Technical Analysis

1️⃣Continuation:
It occurs when the trend continues in its existing direction following by a pause in ST

2️⃣Reversal:
It occurs when a price pattern signals a change in trend direction

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Price Patterns Simplified📒

Continuation Patterns📈
🔵There are 3 common CP...
1️⃣Pennants—It is made using two converging trendlines
2️⃣Flags-It is drawn with two parallel trendlines
3️⃣Wedges-It is made with two converging trendlines, where both are angled either up or down

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Price Patterns Simplified📒

Continuation Patterns📈
4️⃣Triangles
Its a pattern depicted by drawing trendlines along a converging price range

5️⃣Cup & Handle
Its is a bullish continuation pattern where an upward trend has paused & starts rising again after BO

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Price Patterns Simplified📒

Reversal Patterns📈
1️⃣Head and Shoulder - Signaling two smaller price movements surrounding one larger movement

2️⃣Double Top - It represent a short-term swing high, followed by a subsequent failed attempt to break above the same resistance level

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