Navigating price patterns is a fundamental aspect of technical analysis in the financial markets. Understanding these patterns can provide valuable insights into market sentiment, potential price movements, and trading opportunities. In this comprehensive primer, we'll explore the basics of price patterns, their significance, and how traders can utilize them to make informed trading decisions.

Price patterns are recurring formations or configurations observed in the price charts of financial assets, such as stocks, currencies, commodities, and indices. These patterns are formed by the collective behavior of market participants, technical analysis reflecting their sentiments and expectations regarding the asset's future price movements.

Chart Patterns: Chart patterns are formations that occur on price charts and are used to identify potential trend reversals or continuations. Examples include head and shoulders, triangles, flags, and double tops/bottoms.

Candlestick Patterns: Candlestick patterns are formed by the arrangement of candlestick bars on a price chart and provide insights into market psychology and momentum. Examples include doji, engulfing patterns, hammers, and shooting stars.

Fibonacci Patterns: Fibonacci patterns are based on the Fibonacci sequence and ratios and are used to identify potential support and resistance levels, as well as price retracements and extensions. Examples include Fibonacci retracements, extensions, and fans.