Top 6 Chart Patterns Every Trader Should Know 📊🔥
🔻 1. Double Top – Bearish
2 highs, then breakdown.
📍 Entry: Below neckline
🎯 Target: Pattern height
🛑 Stop: Above 2nd top
🔻 2. Head & Shoulders – Bearish
Middle peak (head) between 2 smaller ones.
📍 Entry: Neckline break
🎯 Target: Head to neckline
🛑 Stop: Above right shoulder
🔻 3. Rising Wedge – Bearish
Tight upward price range, leads to drop.
📍 Entry: Breakdown
🎯 Target: Wedge start
🛑 Stop: Above wedge
🔺 4. Double Bottom – Bullish
“W” shape, breakout confirms.
📍 Entry: Neckline breakout
🎯 Target: Bottom to neckline
🛑 Stop: Below 2nd bottom
🔺 5. Inverse H&S – Bullish
Big dip (head) between 2 smaller dips.
📍 Entry: Break above neckline
🎯 Target: Neckline to head
🛑 Stop: Below right shoulder
🔺 6. Falling Wedge – Bullish
Downward squeeze = breakout potential.
📍 Entry: Breakout
🎯 Target: Wedge base
🛑 Stop: Below wedge
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Pro Tip: Always confirm with volume or RSI.
Learn these patterns = Trade smarter!
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📷 Candle chart below 👇