Learn these candlestick patterns, and you will never suffer losses in trading!
1. Bullish Chart Patterns (indicating prices may rise)
These patterns suggest a higher likelihood of an upward trend after formation.
Inverse Head and Shoulders - A reversal pattern indicating a transition from a downtrend to an uptrend.
Double Bottom - A 'W' shaped pattern showing strong support and a potential bullish reversal.
Bullish Flag - A slightly downward sloping consolidation pattern, typically leading to an upward breakout.
Triple Bottom - A pattern with three equal lows, indicating strong support and a trend reversal.
Cup and Handle - A rounded bottom with a small dip (the handle), usually indicating an upward breakout.
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2. Uncertain Chart Patterns (can break out in either direction)
These patterns require confirmation as they do not guarantee a specific movement.
Symmetrical Triangle - A neutral pattern where prices converge, with a breakout possible in either direction.
Descending Narrow Wedge - Usually a bullish pattern, but requires confirmation of the breakout.
Ascending Narrow Wedge - Typically bearish, but may occasionally break upward in rare cases.
Descending Triangle - Generally bearish, but can break upward if there is strong buying pressure.
Ascending Triangle - Usually bullish, but can collapse if sellers dominate.
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3. Bearish Chart Patterns (indicating prices may fall)
These patterns indicate a downward trend after formation.
Head and Shoulders - A reversal pattern indicating a transition from an uptrend to a downtrend.
Triple Top - A pattern with three equal highs, indicating strong resistance and potential decline.
Double Top - An 'M' shaped pattern showing resistance and a bearish reversal.
Bearish Flag - An upward sloping consolidation pattern, typically leading to a downward breakout.
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Key Points:
Bullish patterns indicate buying opportunities.
Bearish patterns signal potential selling pressure.
Uncertain patterns require confirmation before trading decisions.
This is the pattern image
