The confirmations of these patterns occurring are more relevant on a weekly scale than a daily scale
Bollinger Bands are a type of statistical chart characterizing the prices and volatility over time of a financial instrument or commodity.
One of the most interesting aspects of this indicator is that it assumes that the trader is fully invested in a position at all point in time. For this reason, it is of specific interest to those who develop trading systems and traders who wish to always have money at work in the market.
Bullish pennant is a continuation pattern that marks a pause in the movement of a price halfway through a strong uptrend, giving an opportunity to go long and profit from the rest of the price rise.
The Cup and Handle pattern is a bullish continuation pattern that marks a consolidation period followed by a breakout whereas Inverted Cup and Handle pattern is bearish continuation pattern
An Ascending Triangle is a bullish formation that anticipates an upside breakout whereas Descending Triangle is a bearish formation that anticipates a downside breakout, says Chandan Taparia of Motilal Oswal.
Three Outside Up is a bullish trend reversal pattern of strong reliability, while Three Outside Down is a bearish trend reversal pattern, says Chandan Taparia of Motilal Oswal.