Chart patterns in technical analysis can be categorized into reversal, continuation, and bilateral patterns. Reversal patterns indicate a change in the trend, such as a bottom or top, while continuation patterns signal that the existing trend is likely to persist. Bilateral patterns can be either reversals or continuations depending on the context and how the pattern is resolved.
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Reversal Chart Patterns
Chart patterns in technical analysis can be categorized into reversal, continuation, and bilateral patterns. Reversal patterns indicate a change in the trend, such as a bottom or top, while continuation patterns signal that the existing trend is likely to persist. Bilateral patterns can be either reversals or continuations depending on the context and how the pattern is resolved.