Bearish Patterns (expect price to go down after pattern completes):
1. Double Top:
Price peaks twice at a similar level before falling.
Entry: After price breaks below the neckline.
Stop: Above recent high.
Target: Height between top and neckline.
2. Head and Shoulders:
Price forms three peaks, middle one higher.
Entry: Break of neckline.
Stop: Above right shoulder.
Target: Distance from head to neckline.
3. Rising Wedge:
Price moves upward within converging lines.
Entry: Break below wedge.
Stop: Above wedge.
Target: Height of wedge.
Bullish Patterns (expect price to go up after pattern completes):
4. Double Bottom:
Price dips twice at a similar level before rising.
Entry: After neckline breakout.
Stop: Below recent low.
Target: Height between bottom and neckline.
5. Inverse Head and Shoulders:
Opposite of Head and Shoulders.
Entry: Break above neckline.
Stop: Below right shoulder.
Target: Distance from head to neckline.
6. Falling Wedge:
Price moves downward within converging lines.
Entry: Break above wedge.
Stop: Below wedge.
Target: Height of wedge.
Would you like a deeper explanation of any specific pattern or how to use these with candlestick formations?