#اقرأ Instructions below to benefit.👇
1. Bullish chart patterns (indicate a potential price increase)
These patterns indicate a higher probability of an upward trend following formation.
Inverted head and shoulders - a reversal pattern indicating a shift from a downtrend to an uptrend.
Double bottom - a pattern shaped like a 'W' showing strong support and a potential bullish reversal.
The ascending triangle - a consolidation pattern with a slight downward bias, often leading to a breakout to the upside.
Triple bottom - a pattern containing three equal troughs, indicating strong support and a reversal of trend.
Cup and handle - a rounded bottom with a small decline (handle), often indicating a breakout to the upside.
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2. Indeterminate chart patterns (can break in either direction)
These patterns require confirmation as they do not guarantee a specific movement.
Symmetrical triangle - a neutral pattern where the price converges, with the potential for a breakout in either direction.
Narrow descending wedge - usually a bullish pattern, but requires confirmation of the breakout.
Narrow ascending wedge - usually bearish, but can also break to the upside in rare cases.
Descending triangle - usually bearish but can break to the upside if there is strong buying pressure.
Ascending triangle - usually bullish but can collapse if sellers dominate.
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3. Bearish chart patterns (indicate a potential price decrease)
These patterns indicate a downward trend following formation.
Head and shoulders - a reversal pattern indicating a transition from an uptrend to a downtrend.
Triple top - a pattern consisting of three equal peaks, indicating strong resistance and a potential decline.
Double top - a pattern shaped like an 'M' showing resistance and a bearish reversal.
The descending flag - a consolidation pattern with an upward bias, often leading to a downward breakout.
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Key points:
Bullish patterns indicate buying opportunities.
Bearish patterns indicate potential selling pressure.
Indeterminate patterns require confirmation before making trading decisions.