Learn these chart patterns 📊✅ and you won t face any losses in the future 💥🌋🔥
1. Bullish chart patterns (indicating a potential price increase)
These patterns indicate a higher probability of an upward trend after formation.
Inverted head and shoulders – a reversal pattern indicating a shift from a downtrend to an uptrend.
Double bottom – a W-shaped pattern showing strong support and a potential upward reversal.
Bull flag – a consolidation pattern with a slight downward slope, often leading to an upward breakout.
Triple bottom – a pattern containing three equal bottoms, indicating strong support and a trend reversal.
Cup and handle – a rounded bottom with a small dip (handle), often indicating an upward breakout.
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2. Undefined chart patterns (can break in any direction)
These patterns require confirmation because they don t guarantee a specific move.
Symmetrical triangle – a neutral pattern where the price converges, with the potential for a breakout in either direction.
Falling Narrow Wedge – Typically a bullish pattern, but requires breakout confirmation.
Rising Narrow Wedge – Typically bearish, but can also break upward on rare occasions.
Descending Triangle – Typically bearish, but can break upward if there is strong buying pressure.
Ascending Triangle – Typically bullish, but can break down if sellers gain control.
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3. Bearish Chart Patterns (Indicating a Potential Price Decrease)
These patterns signal a downtrend after forming.
Head and Shoulders – A reversal pattern that signals a transition from an uptrend to a downtrend.
Triple Top – A pattern with three equal peaks, indicating strong resistance and a potential decline.
Double Top – An M-shaped pattern that shows resistance and a bearish reversal.
Bear Flag – A consolidation pattern with an upward slope, often leading to a bearish breakout.
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Key Points:
Bullish patterns signal buying opportunities.
Bearish patterns indicate potential selling pressure.
Undefined patterns require confirmation before making trading decisions.