👑 Quick Guide to Finding Patterns 👑
✨ 1.Open a Chart
- Use a platform like TradingView or any charting tool.
- Select the asset (e.g., Bitcoin, USD, etc.) and choose a timeframe (e.g., 1 hour, 4 hours).
✨ 2.Look for These Common Patterns:
- Uptrend: Higher highs and higher lows (price is moving up).
- Downtrend: Lower highs and lower lows (price is moving down).
- Support/Resistance: Horizontal lines where the price bounces or reverses.
- Triangles: Price moves between two converging lines (could break up or down).
- Double Top/Bottom: Two peaks (M shape) or two valleys (W shape) at the same level.
✨ 3.Draw on the Chart:
- Use the drawing tools to connect highs and lows.
- Label the pattern (e.g., "Head and Shoulders," "Triangle").
✅ Example:
- If you see the price making two peaks at the same level and then dropping, it’s a *Double Top* (bearish reversal).
- If the price is moving between two converging lines, it’s a *Triangle* (could break up or down).
Thank Me Later 😇