This pattern is characterized for a continuation signal. It comes from a bullish trend, so this triangle pattern suggests price will continue the previous trend. To confirm this prediction, the price must breakout and keep up.
In this example, price comes from a bearish trend, and after the rising wedge appears, the price starts to go uptrend. Reversal signal.
Grey lines are supports and resistances. Green circles represent when price touches those lines and pullback. When price breaks through a resistance level, resistance becomes a support. And when the price breaks through a support level, support becomes resistance. (There are more green circles though the chart.
After the rising wedge, the price breaks down. This was at the beginning of the pandemic. Therefore, the fundamental analysis is stronger technicals.
This symmetrical triangle chart pattern represents a period of consolidation before the price is forced to breakout or breakdown. In this case, the price breaks out and continues the bullish trend.
It will continue descending between this channel until it breaks out and the channel will no longer be useful.
The green circles in the RSI are indicating overbought, that means the price should go down. On the other hand, the red circles indicates the coin is oversold, meaning that the price should start to go up again. This indicator works when the price is oscillating.
This symmetrical triangle has higher lows and lowers highs (yellow lines), going both to an encounter at the middle: Then, the price breaks out and continue bullish position. The purple line is the height between the lower low and the higher high, this line provides a possible price to take profits.
It is a good uptrend line, the price touches the line a lot more than three times, indicating a bullish market. Then, the price breaks the line (good price to take profits).
The Moving average convergence divergence is a trend indicator because it helps to predict if the trend is going to change. In this case, there is a uptrend line (yellow line) and before we know is going to break we can see the divergence between the two blue lines. On chart, the blue dark line is indicating that there are higher highs and lows and the blue line...
This is a Reverse Pattern: First, there is a previous uptrend, then the double top pattern appears and now it is probably starting a downtrend position. The green line indicates a possible take profit price.
It was difficult to find this Pattern on stock This is a Reverse Pattern: previous downtrend, H&S Pattern and then it started to go up, beginning a bullish trend. The green line is the height between the neck and the head, indicating a possible price to take profits.
This bearish trend was on March, 2020; when covid-19 started. On March 24th, 2020 you can see how the downtrend line was broken and began a bullish stock market.