Bullish Pattern (Inverse Head and Shoulders)
- Indicates a potential trend reversal from bearish to bullish.
- Formed by three troughs: a lower low, a higher low, and another lower low.
- Neckline connects the highs between the two lower lows.
- Breakout above the neckline signals a bullish trend.
Bearish Pattern (Descending Triangle)
- Signifies a potential trend continuation from bullish to bearish.
- Characterized by a horizontal support line and a descending trendline.
- Price makes lower highs, but support holds firm.
- Breakdown below the support line confirms a bearish trend continuation.
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- Indicates a potential trend reversal from bearish to bullish.
- Formed by three troughs: a lower low, a higher low, and another lower low.
- Neckline connects the highs between the two lower lows.
- Breakout above the neckline signals a bullish trend.
Bearish Pattern (Descending Triangle)
- Signifies a potential trend continuation from bullish to bearish.
- Characterized by a horizontal support line and a descending trendline.
- Price makes lower highs, but support holds firm.
- Breakdown below the support line confirms a bearish trend continuation.
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