Abhishek Rodi

Summary: The Bullish Pennant Chart Pattern is a continuation pattern that forms after a strong bullish move, then pauses sideways and forms a small triangle shape. This pattern shows that the price may rise again after a short break. Traders use it to find good buying opportunities with the direction of a trend. In this … Read more

Summary: The Pole and Flag Chart Pattern is a bullish continuation pattern that signals a brief pause before the price resumes its trend. It consists of a strong price move (the pole) followed by a short consolidation (the flag). Once the price breaks out of the flag, it continues in the bullish direction. This pattern … Read more

Summary: The Inverse Head and Shoulders Pattern is a bullish chart pattern formed after a downtrend that signals the buyers are in control. The pattern is shaped like a person’s head and two shoulders reversed, It features mainly three troughs: a deeper middle trough (head) between two shallower troughs (shoulders). The pattern completes when the … Read more

Summary: The Triple Bottom Chart Pattern is a bullish reversal pattern formed after a downtrend. The pattern has three consecutive bottoms or lows nearly at the same level, which creates a unique support area. The breakout above the resistance line signals strong buying pressure and shift sentiments into a bullish trend. Traders enter a long … Read more

Summary: The Double Bottom Chart Pattern is a bullish reversal pattern that looks like a ‘W’ shape, formed by two nearly equal lows separated by a peak. It indicates a potential trend reversal from bearish to bullish. Traders look for a breakout above the neckline/resistance level and wait for a pullback to enter a long … Read more