๐ Reversal Patterns (Signal Trend Reversal)
๐น Head and Shoulders / Inverse H&S
Indicates trend reversal:
๐ Head & Shoulders = Bearish (Top)
๐ Inverse H&S = Bullish (Bottom)
๐น Double Top / Double Bottom
๐ Double Top = Bearish Reversal
๐ Double Bottom = Bullish Reversal
๐น Triple Top / Triple Bottom
Stronger confirmation of trend reversal after multiple peaks or troughs.
๐ Triple Top = Bearish
๐ Triple Bottom = Bullish
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โก๏ธ Continuation Patterns (Signal Trend Continuation)
๐ธ Flags (Bullish/Bearish)
Short-term consolidation before price continues in the same direction. ๐
๐ธ Pennants
Small symmetrical triangles after a strong move, showing consolidation before breakout. ๐บ
๐ธ Rectangles
Price moves between horizontal support and resistance levels. ๐ฒ
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โ๏ธ Bilateral Patterns (Can Break Either Way)
๐น Symmetrical Triangle
Price consolidates into a triangle; breakout could go either way. ๐บ๐ป
๐น Wedges (Rising/Falling)
๐ Rising Wedge = Bearish
๐ Falling Wedge = Bullish
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