⛔⛔These are some chart patterns that will help you reduce losses in trading.
1. Rising Wedge: A bearish chart pattern with two upward-sloping trendlines that converge, signaling weakening momentum and potential price decline.
2. Inverted Flag: A bearish continuation pattern after a brief consolidation, indicating the downtrend will resume. Its reliability depends on market conditions.
3. Head & Shoulders: A bearish reversal pattern where the middle peak (head) is the highest, and the surrounding peaks (shoulders) are lower, signaling a trend change from up to down.
4. Bearish Rectangle: Formed during a downtrend consolidation, indicating sellers are pausing before pushing prices lower, usually breaking the lower boundary and continuing the decline.
5. Descending Triangle: A pattern showing that sellers are more aggressive, with price making lower highs, indicating weakening demand and a likely continuation of the downtrend.
6. Symmetrical Triangle: A chart pattern where price fluctuates within converging trendlines, indicating market indecision or consolidation before a breakout.