Hello 👋🏻 this post is a free gift 🌟 for those who want to trade like professionals.
If you are serious about making consistent profits in the market, you need to abandon random trades and start reading the chart as a map. These candlestick patterns are your compass. Learn them, and you'll turn chaos into confidence.
1. Bullish chart patterns - signs of potential price increase.
These signals typically appear after a downward trend, indicating that buyers are coming back strongly.
Inverted head and shoulders - a reliable reversal signal, showing a shift in trend from bearish to bullish.
Double bottom - shaped like the letter 'W', indicating strong support and potential rise.
Bullish flag - a brief pause in the upward trend, followed by a breakout upwards.
Triple bottom - price tests support three times - bulls are defending strongly.
Cup and handle - rounded decline with a small retracement; once broken, momentum starts to appear.
2. Indeterminate chart patterns - could go in any direction.
These patterns require patience, so do not rush. Wait until a clear difference appears before taking any action.
Symmetrical triangle - price narrows like a coil; once it breaks, expect a strong move.
Descending wedge - appears bearish but often breaks upward - however, wait for confirmation.
Ascending wedge - generally indicates a decline but can appear otherwise - stay sharp.
Descending triangle - usually bearish, but bullish breakouts occur with volume.
Ascending triangle - tends to rise, but wait for the breakout candle.
3. Bearish chart patterns - time to exit or short sell.
These patterns warn of potential declines - they are ideal for planning exits or discovering short setups.
Head and shoulders - a major red flag; when the neckline breaks, the risk of a decline increases.
Triple top - resistance remains strong after three attempts - trend reversal likely.
Double top - resembles the letter 'W', indicating that buyers are losing control.
Bearish flag - a brief upward retracement usually followed by a sharp decline.
Quick tips to elevate your trading:
Bullish patterns = watch for buying opportunities.
Bearish patterns = prepare to exit or short sell.
Indeterminate patterns = wait for confirmation before acting.
Master these setups and your investment will no longer rely on hope .. but will be driven by strategy.
Watch candlestick patterns 👇🏻
