📊 Technical Analysis: Market Patterns Vol. 2
Today we’ll look at some popular chart patterns that help forecast price movements 🔍
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1️⃣ Resistance / Support Conversion (Bearish)
➡️ When support breaks, it often turns into resistance. This pattern confirms a downtrend.
🔻 Potential sell signal.
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2️⃣ Triangle Pattern – Upward Coil (Bullish)
📈 Price consolidates and breaks upward. This is a bullish confirmation signal.
✅ Good time for a buy entry.
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3️⃣ Wedge Pattern – Bearish
📉 Price gradually declines and compresses. A big downward move may follow.
⚠️ Warning for sellers!
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4️⃣ Bollinger Band Bounce
📊 Price usually stays between the upper and lower bands. When it hits the band, reversal is possible.
🔄 Effective for scalping or short-term trades.
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5️⃣ Trendy Range Breakout (Bullish / Bearish)
📦 Even if price stays inside a "box", a breakout can lead to a strong move.
📈 or 📉 Trade in the direction of the breakout for better results.
👉 Let us know your thoughts in the comments.💬
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