A chart pattern is a distinct structure inside a price chart formed by the movements of currency prices in Forex trading. The core of the technical analysis is chart patterns, which help Forex traders indicate what prices will do next based on prior performance. After a market decline, bullish chart patterns may appear, signaling a price reversal. They are signals for Forex traders to open long positions in order to profit from any rising swings. Bull flags, bull pennants, bull triangles, and inverted head and shoulders are just a few examples of bullish chart patterns.