$BTC $ETH 1. Bullish Patterns (Green)
These patterns signal a potential upward move in price. They're used by traders to enter long (buy) positions.
Bull Flag:
Sharp price increase followed by a slight downward consolidation in a parallel channel.
Signals continuation of the uptrend.
Pennant:
Strong upward move followed by a small symmetrical triangle (converging trendlines).
Breakout usually continues the uptrend.
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2. Indecisive Patterns (Gray)
These can break either direction — up or down — depending on market sentiment.
Consolidation Channel:
Price moves sideways in a horizontal range.
Breakout direction determines next trend.
Symmetrical Triangle:
Price forms converging highs and lows (a triangle).
Can break upward or downward, signaling continuation or reversal.
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3. Bearish Patterns (Red)
These patterns suggest a potential downward move. They're used for short (sell) setups.
Bear Flag:
Sharp downward move followed by a slight upward consolidation in a parallel channel.
Breakout usually continues the downtrend.
Pennant:
Sharp downward move followed by a small symmetrical triangle.
Breakout to the downside continues the bearish trend.
Inverse Cup & Handle:
Inverted cup shape followed by a minor upward handle.
Breakout signals a strong bearish move.
Head & Shoulders:
A peak (left shoulder), higher peak (head), and lower peak (right shoulder).
Break of neckline signals a bearish reversal.
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Summary Table:
Pattern Direction Type
Bull Flag Up Continuation
Bear Flag Down Continuation
Pennant Up/Down Continuation
Cup & Handle Up Reversal
Inverse Cup & Handle Down Reversal
Head & Shoulders Down Reversal
Inverse Head & Shoulders Up Reversal
Symmetrical Triangle Up or Down Indecisive
Consolidation Channel Up or Down Indecisive