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MASTER THESE CHART PATTERNS & LEVEL UP YOUR TRADING GAME! 📊🔥

If you want to improve your trading decisions and avoid costly mistakes, learning to recognize chart patterns is a must. Here’s a simple breakdown of the three main types of patterns every trader should know:

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🔄 Reversal Patterns — Signals a possible trend change

1️⃣ Double Top: Bearish setup with two peaks at the same resistance, followed by a drop.

2️⃣ Head & Shoulders: Three peaks (shoulder-head-shoulder) — breaks the neckline for a trend reversal.

3️⃣ Rising Wedge: An upward narrowing pattern, typically breaking downwards.

4️⃣ Double Bottom: Bullish pattern with two lows at the same support, leading to a rise.

5️⃣ Inverse Head & Shoulders: Bullish reversal, breaking above the neckline after three troughs.

6️⃣ Falling Wedge: A downward narrowing pattern often breaking out to the upside.

🔄 Continuation Patterns — Confirms the current trend is intact

1️⃣ Falling Wedge: Bullish consolidation before a breakout higher.

2️⃣ Bullish Rectangle: Sideways range before continuing upward.

3️⃣ Bullish Pennant: Small triangle after a rally, usually breaking higher.

4️⃣ Rising Wedge: Bearish continuation before breaking down.

5️⃣ Bearish Rectangle: Sideways range before continuing lower.

6️⃣ Bearish Pennant: Small triangle after a drop, leading to more downside.

🔀 Bilateral Patterns — Can break either way

1️⃣ Ascending Triangle: Rising lows, flat resistance — breakout possible in either direction.

2️⃣ Descending Triangle: Lower highs, flat support — breakout could go up or down.

3️⃣ Symmetrical Triangle: Converging trendlines, breakout direction uncertain but imminent.

📌 Key Takeaways for Traders:

✅ Reversal Patterns = Trend change ahead.

✅ Continuation Patterns = Current trend likely to persist.

✅ Bilateral Patterns = Breakout