Chart Patterns:
Chart patterns are specific formations that appear on price charts, indicating potential trend reversals or continuations. Examples of chart patterns include head and shoulders, double tops, double bottoms, triangles, and rectangles. Traders use these patterns to anticipate future price movements and plan their trades accordingly.

Understanding Technical Analysis:
Technical analysis is a trading methodology that involves studying price charts, patterns, and indicators to identify trends, patterns, and potential trade setups. Traders who use technical analysis believe that historical price data can provide valuable insights into future price movements. Technical analysis is based on the principles of supply and demand and the notion that market participants’ behavior is reflected in price patterns.