#Sure_Trade_Setup

This is a trading cheat sheet that categorizes different candlestick chart patterns into three groups: Reversal, Continuation, and Bilateral Patterns. These patterns help traders analyze market trends and make informed trading decisions.


1. Reversal Chart Patterns (Indicate a trend reversal)

  • Double Top (Bearish) → Two peaks at resistance, break below neckline confirms downtrend.


  • Head & Shoulders (Bearish) → Three peaks, break below neckline signals trend change.


  • Rising Wedge (Bearish) → Upward narrowing channel, breaks downward.


  • Double Bottom (Bullish) → Two troughs at support, break above neckline confirms uptrend.


  • Inverse Head & Shoulders (Bullish) → Three troughs, break above neckline signals trend change.


  • Falling Wedge (Bullish) → Downward narrowing channel, breaks upward.


2. Continuation Chart Patterns (Confirm existing trend will continue)

  • Falling Wedge (Bullish) → Breaks upward, continuing the trend.

  • Bullish Rectangle → Horizontal consolidation, breaks upward.

  • Bullish Pennant → Small symmetrical triangle after uptrend, breaks upward.


  • Rising Wedge (Bearish) → Breaks downward, continuing the trend.


  • Bearish Rectangle → Horizontal consolidation, breaks downward.

  • Bearish Pennant → Small symmetrical triangle after downtrend, breaks downward.


3. Bilateral Chart Patterns (Price can break out in any direction)


  • Ascending Triangle → Rising lows, horizontal resistance, breakout depends on momentum.


  • Descending Triangle → Falling highs, horizontal support, breakout depends on market conditions.


  • Symmetrical Triangle → Converging trendlines, breakout in either direction.


Key Takeaways:

  • Reversal patterns → Trend is changing.


  • Continuation patterns → Trend will continue.


  • Bilateral patterns → Uncertainty, breakout in either direction.


Why is this useful?

  • Helps traders identify trends and make better trading decisions.


  • Provides entry & exit points for risk management.


  • Improves accuracy in technical analysis.


If you’re into trading, understanding these patterns can help reduce losses and improve profitability.

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