Lesson4

📍 Part 3: Continuation Patterns
 
These appear during an existing trend and signal that the trend will likely continue after a short pause or correction.
 
1. Ascending Triangle:
 
🔹 Shape: Flat top resistance and rising support.
🔹 Meaning: Buyers gaining strength.
🔹 Signal: Bullish breakout expected.
 
2. Descending Triangle:
 
🔹 Shape: Flat bottom support and descending resistance.
🔹 Meaning: Sellers in control.
🔹 Signal: Bearish breakout likely.
 
3. Symmetrical Triangle:
 
🔹 Shape: Both sides converging toward a point.
🔹 Meaning: Market indecision.
🔹 Signal: Breakout in either direction (watch volume).

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📍 Part 2: Bearish Reversal Patterns
 
These patterns indicate a possible downward reversal after a bullish trend. Traders use them to anticipate when to exit long trades or enter shorts.
 
1. Double Top:
 
🔹 Shape: Two peaks at the same level (like an “M”).
🔹 Meaning: Buyers failed twice to break resistance.
🔹 Signal: Reversal to the downside.
 
2. Head and Shoulders:
 
🔹 Shape: A peak (head) between two lower peaks (shoulders).
🔹 Meaning: Losing bullish momentum.
🔹 Signal: Break of neckline → bearish trend.
 
3. Triple Top:
 
🔹 Shape: Three highs at similar levels.
🔹 Meaning: Resistance holding strong.
🔹 Signal: Break below the pattern → trend reversal.

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📍 Part 1: Bullish Reversal Patterns
 
Understanding bullish reversal patterns helps traders anticipate when a downtrend might reverse into an uptrend. These patterns often appear after strong selling pressure and signal potential buying opportunities.
 
1. Double Bottom:
 
🔹 Shape: Two low points at the same level, like a "W".
🔹 Meaning: Sellers tried twice to push prices lower but failed.
🔹 Signal: Upward reversal likely.
 
2. Inverse Head and Shoulders:
 
🔹 Shape: One lower low (head) between two higher lows (shoulders).
🔹 Meaning: A sign of buyer strength building.
🔹 Signal: Breakout above the neckline → bullish.
 
3. Triple Bottom:
 
🔹 Shape: Three equal lows.
🔹 Meaning: Strong support level.
🔹 Signal: Break above resistance suggests a trend reversal.
 
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