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Chart patterns are visual formations on price charts that help traders anticipate potential market movements.

These patterns fall into three main categor1. Bullish Chart Patterns

Bullish patterns often signal that price is likely to move upward.

1.1 Bull Flag

snapshot

* What it looks like: A sharp upward move followed by a small downward-sloping rectangle (the flag).

* Meaning: After a strong rally, the price consolidates briefly before continuing higher.

* Key insight: A breakout above the flag typically signals a continuation of the trend.

1.2 Pennant (Bullish)

snapshot

* What it looks like: A strong upward move followed by a small symmetrical triangle.

* Meaning: Similar to the bull flag, but the consolidation takes a triangular form.

* Key insight: Once price breaks above the pennant, the uptrend often resumes.