In this Thread, We will cover all important Patterns.

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@kuttrapali26 @caniravkaria
@Jagadeesh0203 @KommawarSwapnil

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1. Descending Triangle

a. Bounded by two trend lines; the lower is horizontal and the upper slopes downward.

b. Prices can break in either direction but most commonly downward.

2. Ascending Triangle

a. Bounded by a horizontal upper trend line and an upward sloping lower trend line. Each bound is a straight trend line.

b. Prices can break in either direction, but more commonly upward.

3. Head & Shoulders

a. Three peaks with center peak higher than the other two.

b. Shoulders should be at approximately the same level and the head higher.

c. Target is the distance from the head to the neckline projected from the neckline.

4. Inverse Head & Shoulders

a. Inverted but otherwise identical to above pattern.