3 Common Chart Patterns Every Beginner Trader Should Know

Want to improve your trading skills without spending hours watching the market? Start by mastering chart patterns. Here are 3 powerful ones to keep in your toolkit:

1. Head & Shoulders

This reversal pattern signals a potential trend change.

Formation: One peak (shoulder), a higher peak (head), then another lower peak (shoulder).

Tip: Look for a neckline breakout to confirm the move.

2. Double Bottom

A bullish reversal pattern that forms after a downtrend.

Formation: Two distinct lows at roughly the same level.

Tip: Wait for the breakout above the resistance for confirmation.

3. Ascending Triangle

A bullish continuation pattern.

Formation: Flat resistance line with higher lows forming underneath.

Tip: Breakout above resistance often leads to a strong upward move.

Quick Tips for New Traders:

✅ Don’t chase the market

✅ Use stop-losses

✅ Always wait for confirmation

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