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Keypoints
1 Every pattern has a chance to break out or break down
2 All the patterns mus be studied along with Price Action
Volume is most important factor for break down or break
out trend, hence if the trend is changing with high volume
then the high reliability to take trade
3 Double bottom pattern: Same as Double top patte
Pennants
Flag Pattern
Ascending Triangle
Descending Triangle
After an uptrend and a commonly formed pattern and it indicates to trend reversal. So neck line is important and the second neck line is a
h indicates trend revarsal
The uptrend can change when the double top pattern breaks the neck line. Be careful this trend may be false neck line break as it may lea
hence use stop loss when taking trade
Handle Bottom
wedges signifies break down and falling wedges signifies into break out. (70% reliable in these kind of trends)