In this Thread, We will cover all important Patterns.

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@kuttrapali26 @caniravkaria
@Jagadeesh0203 @KommawarSwapnil

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1. Descending Triangle

a. Bounded by two trend lines; the lower is horizontal and the upper slopes downward.

b. Prices can break in either direction but most commonly downward.

2. Ascending Triangle

a. Bounded by a horizontal upper trend line and an upward sloping lower trend line. Each bound is a straight trend line.

b. Prices can break in either direction, but more commonly upward.

3. Head & Shoulders

a. Three peaks with center peak higher than the other two.

b. Shoulders should be at approximately the same level and the head higher.

c. Target is the distance from the head to the neckline projected from the neckline.

4. Inverse Head & Shoulders

a. Inverted but otherwise identical to above pattern.

In this Thread, We will cover some important Reversal Patterns.

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1. Double Top

a. Two successive peaks separated by an opposite reversal point.

b. Either rounded or pointed peaks that are usually at roughly the same price.

c. Price must break out of middle reversal point.

2. Double Bottom

a. Two successive troughs separated by a peak.

b. Either rounded or pointed troughs that are usually at roughly the same price.

c. Price must break out of middle peak.

3. Head and Shoulders

a. Three peaks with center peak higher than the other two.

b. Shoulders should be at approximately the same level and the head higher.

c. Target is the distance from the head to the neckline projected from the neckline.

4. Inverse Head and Shoulders

a. Inverted but otherwise identical to above pattern.