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How I Earned $105 This Morning by Reading 5-Minute Candlestick Patterns Unlocking Profits
This morning, I secured a $105 profit by leveraging 5-minute candlestick charts and identifying high-probability chart patterns. It wasn’t luck or speculation it was a disciplined application of proven technical setups, enabling precise entries and exits. By mastering these patterns, traders can significantly improve decision-making, manage risk effectively, and consistently capture short-term market opportunities.
1. Bullish Chart Patterns – Ride the Reversal
These show up after a dip, hinting at strong buyer momentum:
Inverted Head & Shoulders: Reversal pattern that often sparks a new uptrend.
Double Bottom: A classic ‘W’ shape, marking price support and a likely bounce.
Bullish Flag: A small pause in an uptrend — often breaks out higher.
Triple Bottom: Price tests support three times before taking off.
Cup & Handle: Rounded base followed by a handle — signals a breakout push.
2. Indecision Patterns – Wait Before You Strike
These can go either way, so wait for confirmation before entering:
Symmetrical Triangle: Price squeezes tight — breakout can go up or down.
Falling Wedge: Looks bearish but often reverses upward.
Rising Wedge: Can hint at a bearish move, but sometimes flips bullish.
Descending Triangle: Tends bearish but a breakout upward isn’t rare.
Ascending Triangle: Often bullish but don’t enter until it breaks resistance.
3. Bearish Chart Patterns – Know When to Exit or Short
These warn of potential drops and are great for risk control:
Head & Shoulders: Signals a top — once the neckline breaks, sellers step in.
Triple Top: Price rejects the same level thrice — bulls are losing steam.
Double Top: The upside-down ‘W’ — a classic bearish reversal.
Bearish Flag: Short rally during a downtrend usually continues lower.
Quick Pro Tips:
Bullish Patterns? Look to go long.
Bearish Setups? Time to exit or short.
Unclear Patterns? Wait for the breakout before making a move.
Mastering these chart patterns turns small timeframes into big opportunities. All it takes is patience, practice, and precise execution.
1. Bullish Chart Patterns – Ride the Reversal
These show up after a dip, hinting at strong buyer momentum:
Inverted Head & Shoulders: Reversal pattern that often sparks a new uptrend.
Double Bottom: A classic ‘W’ shape, marking price support and a likely bounce.
Bullish Flag: A small pause in an uptrend — often breaks out higher.
Triple Bottom: Price tests support three times before taking off.
Cup & Handle: Rounded base followed by a handle — signals a breakout push.
2. Indecision Patterns – Wait Before You Strike
These can go either way, so wait for confirmation before entering:
Symmetrical Triangle: Price squeezes tight — breakout can go up or down.
Falling Wedge: Looks bearish but often reverses upward.
Rising Wedge: Can hint at a bearish move, but sometimes flips bullish.
Descending Triangle: Tends bearish but a breakout upward isn’t rare.
Ascending Triangle: Often bullish but don’t enter until it breaks resistance.
3. Bearish Chart Patterns – Know When to Exit or Short
These warn of potential drops and are great for risk control:
Head & Shoulders: Signals a top — once the neckline breaks, sellers step in.
Triple Top: Price rejects the same level thrice — bulls are losing steam.
Double Top: The upside-down ‘W’ — a classic bearish reversal.
Bearish Flag: Short rally during a downtrend usually continues lower.
Quick Pro Tips:
Bullish Patterns? Look to go long.
Bearish Setups? Time to exit or short.
Unclear Patterns? Wait for the breakout before making a move.
Mastering these chart patterns turns small timeframes into big opportunities. All it takes is patience, practice, and precise execution.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
