Which chart pattern indicates a potential breakout in either direction, depending on market conditions?
A. Bilateral chart patterns
B. Continuation chart patterns
C. Bearish chart patterns
D. Reversal chart patterns
Do you know the answer? Let us know in the comments below!
(We will reveal the correct answer in tomorrow’s quiz, so stay tuned!)
And the correct answer to the previous quiz is…
C) ₹8,000 crore!
A. Bilateral chart patterns
That’s correct, @Mayur_Pansheriya! 
Please explain how it would be Bilateral chart pattern and why not other
Bilateral Chart Patterns indicate that the price could break out in either direction, be it upward or downward - which was the question. This differs from Continuation Chart Patterns, which usually signal that the trend will persist in the same direction whereas Bearish Chart Patterns indicate a likely downward movement. Lastly, Reversal Patterns signal a change in trend direction.
Hope that helps.