Its created by two converging trendlines . Both trendlines act as barriers that prevent the price from heading higher or lower, but once the price breaches one of these levels, a sharp movement often follows. in this case, you have to take a long position with more or less de distance of the "base" of the triangle.
When an oscillator (RSI in this case) reaches its upper bound, it is generally interpreted as a sign that the price of the asset is becoming overvalued and may experience a pullback. the same happens if it reaches its inferior bound.
we can observe a lateral movement supported by several touches in the support and resistance line.
in the reflected area we can see an upward trend that is supported by a moving avarage indicator, if this indicator is below the trend is bullish if its above its bearish trend.
the price its contained between two downward sloping parallel lines.
You can see a wedge with an bullish trend , the lines of resistance and support are bearish , when it breaks the line of resistance, it is necessary to go long until the vertex of the wedge approximately.
Its created by two converging trendlines. Both trendlines act as barriers that prevent the price from heading higher or lower, but once the price breaches one of these levels, a sharp movement often follows. in this case, you have to take a short position with more or less de distance of the "base" of the triangle.
In the Ascending triangle, one trendline is drawn horizontally at a level that has historically prevented the price from heading higher, while the second trendline connects a series of increasing troughs. Traders enter into long positions when the price of the asset breaks above the top resistance to more or less the distance of the "base" of the triangle.
You can see a wedge with an bullish trend, the lines of resistance and support are bearish, when it breaks the line of resistance, it is necessary to go long until the vertex of the wedge approximately
There was a head and shoulders pattern, waiting for the price to break the support line or neck line, you have to place a short position of approximately the distance from the neck line to the resistance line.
there was a doublebottom pattern, when hoping to break the resistance line, would expect to go long more or less the distance of the line of resistance to the indicated support line