Top 6 Chart Patterns Every Smart Trader Should Master! 📊🔥

 Unlock powerful setups with these classic formations👇

🔻 1. Double Top – Bearish Reversal

Price hits the same resistance twice, then breaks below the neckline—signals selling pressure.

 📍 Entry: Once neckline support is breached

 📉 Target: Equal to the peak-to-neckline distance

 🛑 Stop-Loss: Just above the second top

🔻 2. Head & Shoulders – Bearish Setup

A high (head) surrounded by two smaller highs (shoulders). Breakdown below neckline confirms downtrend.

 📍 Entry: On neckline breakdown

 📉 Target: Height from head to neckline

 🛑 Stop-Loss: Above the right shoulder

🔻 3. Rising Wedge – Bearish Continuation

Price coils upwards between converging trendlines—momentum fades before a drop.

📍 Entry: After price breaks below wedge support

 📉 Target: Height of wedge base

 🛑 Stop-Loss: Just above upper trendline

🔺 4. Double Bottom – Bullish Reversal

Forms a “W” as price finds strong support twice. A neckline breakout confirms trend reversal.

📍 Entry: On breakout above neckline

 📈 Target: Distance from bottom to neckline

 🛑 Stop-Loss: Slightly below second bottom

🔺 5. Inverse Head & Shoulders – Bullish Reversal

Three dips—middle one deeper (head)—signal strength building for upside.

📍 Entry: Once neckline is broken upward

📈 Target: From head low to neckline

 🛑 Stop-Loss: Just under the rig$wht shoulder

🔺 6. Falling Wedge – Bullish Continuation

Price compresses downward between converging lines. Watch for breakout!

 📍 Entry: On breakout above wedge resistance

 📈 Target: Base height of wedge

 🛑 Stop-Loss: Under lower trendline

💡 Quick Tips for Better Results:

✔ Combine with indicators like RSI, MACD, or volume spikes

 ✔ Look for confirmation candles

 ✔ Always manage your risk!

🎯 Learn these patterns. Apply them wisely. Win smarter.

 🙏 like, follow, and share it with fellow traders! ❤️

DYOR No Financial advice!

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