Chart patterns take place when the price of the market follows a sharp or sideways movement. In the stock market, there are three common types of chart pattern – i) an upward market or a bullish market: when the price’s value moves upward, ii) a downward market or a bearish market: when the price’s value moves downward, and ii) sideways market or ranging market: when the price neither shows an uptrend or downtrend, and the price moves at a steady rate. In addition to this, you may also notice some shapes like rectangular, triangular, or head and shoulders patterns. Based on the types of patterns, a trader may decide to enter a trade or not. Each of the chart types provides a logical entry or exit point, and an investor can identify it easily. Trading will be much easier for him. Stock tr
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