1๏ธโฃ Descending Channel
Price moves down inside two parallel lines.
Shows a bearish trend, but breakout can happen on either side.
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2๏ธโฃ Ascending Channel
Price moves up inside two parallel lines.
Shows a bullish trend, but breakout can also occur downward.
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3๏ธโฃ Rectangle
Price moves sideways between support and resistance.
Shows consolidation before a breakout in either direction.
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4๏ธโฃ Symmetrical Triangle
Price forms lower highs and higher lows, converging into a point.
Usually signals a breakout โ can be bullish or bearish.
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5๏ธโฃ Ascending Triangle
Flat resistance on top, higher lows from below.
Strong bullish signal when price breaks above resistance.
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6๏ธโฃ Descending Triangle
Flat support below, lower highs from above.
Strong bearish signal when price breaks below support.
HERE is the candles image ๐
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