šŗ Reversal Patterns
š¹ Head and Shoulders
Trend: Bearish
Entry: Break below neckline
Target: Height from head to neckline
Stop: Above right shoulder
š¹ Inverted Head and Shoulders
Trend: Bullish
Entry: Break above neckline
Target: Same height as the pattern
Stop: Below right shoulder
š¹ Double Top / Triple Top
Trend: Bearish
Entry: Break below support
Target: Pattern height
Stop: Above recent highs
š¹ Double Bottom / Triple Bottom
Trend: Bullish
Entry: Break above resistance
Target: Pattern height
Stop: Below pattern base
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šŗ Continuation Patterns
š¹ Symmetrical Triangle
Trend: Both directions
Entry: Breakout candle close
Target: Height of the triangle
Stop: Inside the triangle
š¹ Ascending Triangle
Trend: Bullish
Entry: Break above horizontal resistance
Target: Triangle height
Stop: Below last swing low
š¹ Descending Triangle
Trend: Bearish
Entry: Break below support
Target: Triangle height
Stop: Above the breakdown point
š¹ Wedge Continuation / Wedge Reversal
Trend: Both
Entry: Breakout in direction of trend
Target: Entire wedge move
Stop: Below/above wedge
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šŗ Fast-Move Patterns
š¹ Flag
Trend: Bullish or Bearish
Entry: Breakout in the trend direction
Target: Length of the flagpole
Stop: Inside the flag range
š¹ Pennant
Trend: Bullish or Bearish
Entry: Breakout with volume
Target: Measured move from start
Stop: Inside pennant
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šŗ Other Patterns
š¹ Rectangle
Trend: Continuation or Reversal
Entry: Breakout from the box
Target: Height of rectangle
Stop: Inside the range
š¹ Channel
Trend: Both
Entry: Break above/below channel
Target: Width of the channel
Stop: Within the channel
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š Tips for Trading Breakouts:
ā Confirm with volume surge
ā Use trailing stop after breakout
ā Combine with RSI/EMA for accuracy
HERE is the candles image š
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