📊 3 simple chart patterns to know in trading
Charts are not just lines… they tell a story 📖.
Learning to read certain patterns can help you anticipate market movements.
Here are 3 basic chart patterns:
1️⃣ Double Top (M)
👉 Often signals a bearish reversal.
When the price fails to break a resistance level twice, a decline is likely.
2️⃣ Double Bottom (W)
👉 Often signals a bullish reversal.
The price tests a solid support level twice before rising.
3️⃣ Ascending Triangle
👉 Generally a sign of bullish continuation.
The price rises with increasingly higher lows, indicating that buyers are taking control.
💡 Tip: These patterns are not infallible, but they provide a framework for better market analysis. Combine them with other indicators for greater reliability.