MASTER THE CHART PATTERNS AND AVOID LOSSES FOREVER!
🔄 Reversal Patterns – Signal a Trend Change
These indicate that the current trend may reverse direction.
1. Double Top – Bearish pattern with two peaks at resistance, then the price falls. 🔻
2. Head and Shoulders – Three peaks, breaking below the neckline signals a reversal.
3. Rising Wedge – The price moves upward within a narrow range, then breaks down. 📉
4. Double Bottom – Bullish pattern with two lows at support, then a breakout upwards. 🔼
5. Inverted Head and Shoulders – Three troughs with a breakout above the neckline. 🟢
6. Falling Wedge – The price narrows down before breaking upwards. 🚀
📊 Continuation Patterns – Trend Likely to Continue
These show that the current trend is pausing before resuming.
1. Falling Wedge – Consolidates downwards, then breaks upwards. 📈
2. Bullish Rectangle – Sideways movement before a bullish breakout. ➡️🔼
3. Bullish Flag – Small triangle after an uptrend, then continues rising. ⏫
4. Rising Wedge – Consolidation upwards, then a bearish continuation. ⬇️
5. Bearish Rectangle – Limited movement before a drop. ➡️🔻
6. Bearish Flag – Triangle after a downtrend, continuing downwards. ⏬
🔀 Bilateral Patterns – Breakout in Any Direction
These show uncertainty—wait for confirmation!
1. Ascending Triangle – Flat top, higher lows. Can break in either direction. 🔺
2. Descending Triangle – Flat support, lower highs. Watch for the breakout. 🔻
3. Symmetrical Triangle – Converging trendlines with potential breakout in both directions. ❓
✅ Important Tips for Traders:
Reversal Patterns = Trend change ahead
Continuation Patterns = Trend still strong
Bilateral Patterns = Possible breakout in any direction