📊 Top 6 Chart Patterns Every Trader Must Know!👇
🔻 1. Double Top – Bearish Reversal
Two peaks at the same level followed by a breakdown of the neckline.
📍 Entry: Below neckline
📉 Target: Height of the pattern
🛑 Stop: Above the second top
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🔻 2. Head and Shoulders – Bearish Reversal
A large peak (head) between two smaller peaks (shoulders), breaking below the neckline.
📍 Entry: Break of neckline
📉 Target: From head to neckline
🛑 Stop: Above right shoulder
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🔻 3. Rising Wedge – Bearish Continuation
Price tightens in an upward slope—often a setup for a breakdown.
📍 Entry: After breaking down the wedge
📉 Target: Start of the wedge
🛑 Stop: Just above the upper wedge line
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🔺 4. Double Bottom – Bullish Reversal
Two bottoms forming a “W” pattern, followed by a neckline breakout.
📍 Entry: On neckline breakout
📈 Target: Same height as the bottom-to-neckline
🛑 Stop: Below the second bottom
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🔺 5. Inverse Head and Shoulders – Bullish Reversal
A large dip (head) between two smaller dips (shoulders) signaling upside breakout.
📍 Entry: Break above neckline
📈 Target: Neckline to bottom of head
🛑 Stop: Below right shoulder
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🔺 6. Falling Wedge – Bullish Continuation
Price contracts downward between two converging lines—usually leads to a breakout.
📍 Entry: On breakout
📈 Target: From wedge base
🛑 Stop: Below wedge support
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💡 Pro Tips:
Combine chart patterns with volume, RSI, or moving averages for stronger confirmation.
🎯 Master these patterns. Trade with confidence.
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Here is the candles image photo👇
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