Chart Pattern

Bullish Dragon

A “bullish dragon pattern” in technical analysis refers to a candlestick formation on a chart that signals a potential reversal from a downtrend to an uptrend, often resembling a “W” shape, indicating a bullish signal after a period of price decline; it suggests that the price is likely to move upwards following the pattern’s completion.  Components

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Ascending Channel

Ascending channel is a chart pattern that is made up of two upward parallel trend lines showing the bullish price trend on the price chart.  This is a type of channel pattern in trading. It is used to identify the bullish price trend and bullish trend reversal in technical analysis. How to identify ascending channel? How to detect ascending channel breakout? A channel

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Bull Flag

The bull flag is a continuation chart pattern that consists of two waves and resembles the shape of the flag in technical analysis trading. When bullish flag pattern forms on the price chart then it signals that price will continue the bullish trend. It is the most widely used and easy-to-understand chart pattern. The flag pattern has a

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Descending Broadening Wedge

Descending broadening wedge is a bullish trend reversal chart pattern that consists of an expanding wave in the downward trend. It is an indication of a long-term trend reversal in the market. Retail traders widely use chart patterns to forecast the market. Because these are natural patterns, and symmetry in these patterns makes them unique. How to identify descending broadening

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Triple Bottom

A “triple bottom” chart pattern in technical analysis indicates a potential bullish trend reversal, occurring when a price hits the same low level three times consecutively during a downtrend, suggesting that buyers are gaining strength and the market is shifting from bearish to bullish sentiment; it is considered a positive signal once the price breaks above

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