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WHAT ARE PATTERNS?

In technical analysis, patterns are the distinctive formations created by the movements of security prices on a chart. A pattern is identified by a line that connects common price points, such as closing prices or highs or lows, during a specific period of time. Patterns are the foundation of technical analysis and analysts seek to identify patterns as a way to anticipate the future direction of a security’s price. 

BULLISH PATTERNS:

Double Bottom

Easy Loot Double Bottom Pattern Trading Education

An extremely bullish technical reversal pattern that forms after an asset reaches a low price twoconsecutive times with a moderate decline between the two lows.

Ascending Triangle

Easy Loot Ascending Triangle Pattern Trading Education

A chart pattern that is created by the price being consolidated upwards by an uptrend and a level of resistance. Ascending triangles are generally considered continuation patterns.

Falling Wedge

Easy Loot Falling Wedge Pattern Trading Education

A bullish reversal pattern that begins wide at the bottom and consolidates as prices move lower until it breaks out to the top side of the wedge.

NEUTRAL PATTERNS:

Symmetrical Triangle

Easy Loot Symmetrical Triangle Pattern Trading Education

A period of consolidation before the price is forced to breakout of breakdown. A breakdown from the lower trend line marks the start of a bearish trend, while a breakout from the topside indicates a bullish trend.

Pennant

Easy Loot Bullish Pennant Pattern Trading Education

A continuation pattern formed when there is a large movement followed by a period of consolidation with coverging trend lines, forming the pennant, followed by a breakout in the initial direction of the large movement.

BEARISH PATTERNS:

Double Top

Easy Loot Double Top Pattern Trading Education

An extremely bearish technical reversal pattern that forms after an asset reaches a high price two consecutive times with a moderate decline between the two highs.

Descending Triangle

Easy Loot Descending Triangle Pattern Trading Education

A chart pattern that is created by the price being consolidated downwards by a downtrend and a level of support. Descending triangles are generally considered continuation patterns.

Rising Wedge

Easy Loot Rising Wedge Pattern Trading Education

A bearish reversal pattern that begins wide at the top and consolidates as prices move higher until it breaks out to the bottom side of the wedge.