🚨 LEARN THESE CANDLE PATTERNS AND YOU'LL NEVER FACE LOSSES IN TRADING 💥👇
1. Bullish Chart Patterns (Indicate a possible price increase)
These patterns suggest a higher probability of an uptrend after formation.
Inverted Head & Shoulders – A reversal pattern that indicates a change from a bearish to a bullish trend.
Double Bottom – A 'W'-shaped pattern that shows strong support and a possible bullish reversal.
Bullish Flag – A consolidation pattern with a slight downward slope, often leading to an upside breakout.
Triple Bottom – A pattern with three equal lows, signaling strong support and a trend reversal.
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2. Indefinite Chart Patterns (Can breakout in either direction)
These patterns require confirmation as they do not guarantee a specific move.
Symmetrical Triangle – A neutral pattern where price converges, with a possible breakout in either direction.
Narrowing Descending Wedge – Typically a bullish pattern, but requires confirmation of a breakout.
Narrowing Ascending Wedge – Typically bearish, but may also breakout upward on rare occasions.
Descending Triangle – Usually bearish, but may breakout upward if there is strong buying pressure.
Ascending Triangle – Usually bullish, but may breakout downward if sellers dominate.
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3. Bearish Chart Patterns (Indicate a possible price decline)
These patterns suggest a downward trend after formation.
Head & Shoulders – A reversal pattern that indicates a transition from an uptrend to a downtrend.
Triple Top – A pattern with three equal highs, signaling strong resistance and a possible decline.
Double Top – An 'M' pattern that shows resistance and a bearish reversal.
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