💡 How to use classic patterns professionally?
Classic patterns like double tops, flags, and triangles are still very effective if used wisely, but they require a trained eye to distinguish the real pattern from randomness.
🔹 Golden tips:
1. Don't rely on the pattern alone — wait for confirmation of the breakout or breakdown.
2. Each pattern has a price target, calculate it accurately and don't exaggerate.
3. Trading volume is a key element: the real pattern often appears with a clear change in liquidity.
✍️ Practical example:
I saw a symmetrical triangle forming on the hourly time frame, the price fluctuated inside it for a while, then broke out upwards with a strong candle and high trading volume.
I measured the height of the triangle's base and added it to the breakout point to determine the target — and indeed, the price reached it accurately.
📌 Next lesson:
The most dangerous mistake traders make during news — and learn how to protect your trades.
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