Depending on the pattern (each pattern can tell a different story), they can be a hint for :
- Reversal patterns : it predicts price will reverse and move in the opposite direction
- Continuation patterns : it predicts price will continue its move in the same direction
Furthermore, this pattern can be a bullish pattern (meaning it hindsights for a price move up) or a bearish pattern (meaning it hindsights for a price move down).
If you want to learn more about these patterns, you can check each pattern’s article below. If you prefer to enroll in a video course , you can check the two Udemy courses I shortlisted for you: Forex Harmonic Pattern Trading – With Multiple Chart Examples & Harmonic Trading: The Art Of Trading With Low Risk.
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