Many analysts and traders try to identify patterns on charts without understanding why these patterns appear.Markets are always going up, down, or sideways. When leadership shifts from bears to bulls or from bulls to bears, price action can appear on a chart as a reversal pattern.For example, if the change is slow and occurs over an extended period, a ‘rounded top' or ‘rounded bottom' may appear. If it occurs after testing resistance or support two or three times, a double or triple bottom or top may form.T ...