【Essentials! Comprehensive Analysis of Bearish Candlestick Patterns, Trading Signals Easily Understood by Beginners】
In the cryptocurrency world, not understanding candlestick patterns is not acceptable! Today, I have compiled 8 classic bearish candlestick patterns for you, ranging from reversals to continuations, helping you accurately capture downward signals and avoid pitfalls~
Reversal Bearish Patterns
Double Top: Like two mountain peaks, breaking below the neckline is a clear short signal.
Triple Top: Three failed attempts to rise, the bearish signal is more pronounced.
Head and Shoulders: The "head" and "shoulder" structure is clear; decisively exit when breaking below the neckline.
Rising Wedge: Appears to be rising, but is actually building up for a downward move; once the pattern is confirmed, exit quickly.
Continuation Bearish Patterns
Descending Triangle: Rebound highs are getting lower; breaking below the support level initiates a decline.
Bearish Wedge: Converging patterns hide dangers; decisively short when breaking below the lower edge.
Bearish Flag: A consolidation phase during a downtrend; continues to fall after the consolidation ends.
Bearish Symmetrical Triangle: After a tug-of-war between bulls and bears, it breaks downward; the trend signal is clear.
Master these patterns, and you will have a clear understanding of entry, stop-loss, and target levels!
With more technical support on the trading path, you can reduce blind losses.