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Introduction: Chart patterns are visual formations on price charts that help traders understand market behaviour. They show how buyers and sellers are interacting and where the price might move next. These patterns repeat over time, so traders use them to predict breakouts, trend reversals, and continuation of trends.

Chart patterns are mainly divided into Reversal Patterns, Continuation Patterns, and Bilateral Patterns.

1. Reversal Chart Patterns

Reversal patterns indicate that the current trend is about to change direction. If the market is going up, a reversal pattern may signal a fall. If the market is falling, it may warn of an upcoming rise.

2. Continuation Chart Patterns

These patterns show that the ongoing trend will continue after a short pause or consolidation.

3. Bilateral Chart Patterns

These patterns indicate a possible breakout in either direction.