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Movement of price over period of time , makes patterns in charts. Analysts have studied these similar patterns over the years and have got similar results.
Price pattern help us recognize the trend and make appropriate trade decisions.
Types of pattern : double top & bottom , head and shoulder , flag ,cup ,triangle.
Cup pattern, double top double bottom, head and shoulder, triangle, flag are different types of price patterns.
These type of patterns are used to recognise the trend and to take appropriate decisions on trade.
Dow theory gives only the direction(+ -),but price patterns gives market behaviour.whether the price moves up fast or go down etc
Movement of price over period of time , makes patterns in charts. Analysts have studied these similar patterns over the years and have got similar results.
Price pattern help us recognize the trend and make appropriate trade decisions.Types of pattern : double top & bottom , head and shoulder , flag ,cup ,triangle.
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