CHART PATTERNS volume 1

Flag and Pole:

A Flag and Pole pattern is a technical analysis charting pattern that occurs in financial markets. It is a continuation pattern that is composed of a flagpole and a flag. The flagpole is a sharp, vertical price move, while the flag is a period of consolidation that occurs after the price spike. It indicates that the price is likely to continue moving in the same direction as the flagpole.

Bearish Flag and Pole:

A Bearish Flag and Pole pattern is a bearish continuation pattern that occurs when the price of an asset experiences a sharp decline (pole) followed by a brief consolidation (flag) before continuing its downward trend. It is a bearish signal and indicates that the price is likely to continue falling.

Ascending Channel Pattern:

An Ascending Channel Pattern is a technical analysis charting pattern that occurs when the price of an asset moves between two upward sloping parallel lines. It is a bullish pattern and indicates that the price is likely to continue moving upwards. Crossing below the channel line lead to down.

Descending Channel Pattern:

A Descending Channel Pattern is a technical analysis charting pattern that occurs when the price of an asset moves between two downward sloping parallel lines. It is a bearish pattern and indicates that the price is likely to continue moving downwards.Breaking above channel line lead to upward breakout.

Double Bottom:

A Double Bottom is a bullish charting pattern that occurs when the price of an asset forms two consecutive lows that are roughly equal, separated by a moderate price increase. It indicates that the price is likely to reverse its previous downtrend and move upwards.

Double Top:

A Double Top is a bearish charting pattern that occurs when the price of an asset forms two consecutive peaks that are roughly equal, separated by a moderate price decline. It indicates that the price is likely to reverse its previous uptrend and move downwards.