Bearish Reversal Patterns (Red - Indicating a Potential Downtrend)
1. Bearish Double Top
Two peaks at nearly the same level followed by a breakdown below support.
Indicates a reversal from an uptrend to a downtrend.
2. Bearish Head & Shoulders
Three peaks with the middle one (head) being the highest.
A break below the neckline confirms a bearish trend.
3. Bearish Rising Wedge
Price moves within a contracting upward-sloping range.
Breakdown below the lower trendline signals a bearish move.
4. Bearish Triple Top
Three peaks at nearly the same level, followed by a breakdown.
Confirms a bearish trend once support is broken.
Bullish Reversal Patterns (Green - Indicating a Potential Uptrend)
1. Bullish Double Bottom
Two troughs at nearly the same level followed by a breakout above resistance.
Indicates a reversal from a downtrend to an uptrend.
2. Bullish Head & Shoulders (Inverse H&S)
Three troughs with the middle one (head) being the lowest.
A breakout above the neckline confirms a bullish trend.
3. Bullish Rising Wedge
Price moves within a contracting downward-sloping range.
Breakout above the upper trendline signals an uptrend.
4. Bullish Triple Bottom
Three troughs at nearly the same level, followed by a breakout.
Confirms a bullish trend once resistance is broken.
Trading Strategy Considerations
Entry Point: After a confirmed breakout/breakdown.
Stop Loss: Placed below/above support or resistance.
Target: Based on the height of the pattern projected from the breakout point.
here is the candles pattern image 👇
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