Trend reversal or correction chart patterns signify a reversal of the current trend on the observed chart. In a bullish trend, a reversal formation indicates a highly probable reversal and initiation of a bearish movement. In a bearish trend, a reversal patterns leaves bullish clues and indicates a highly probable bullish accumulation.
No matter bullish or bullish reversal pattern is spotted, The trigger that we are looking for is a breakout of the pattern’s support/resistance.