A chart pattern is a set price action that is repeated again and again. The idea behind chart pattern analysis is that by knowing what happened after a pattern in the past, you can take an educated guess as to what might happen when it appears again. That being said, past performance is not necessarily indicative of future results.
The outcome of each chart pattern will vary depending on whether it appears in volatile or calm markets, and in bullish or bearish environments. But broadly speaking, there are three types of patterns youâll come across.
Common types of chart patterns
Continuation - these signal a current trend will continue
Reversal - these indicate a trend is going to change direction
Bilateral - these patterns indicate a market could move in either direction due to volatility#MemeCoinTrending #TeslaTransferBTC #USRetailSalesBoost
