📍 Part 1: Bullish Reversal Patterns
Understanding bullish reversal patterns helps traders anticipate when a downtrend might reverse into an uptrend. These patterns often appear after strong selling pressure and signal potential buying opportunities.
1. Double Bottom:
🔹 Shape: Two low points at the same level, like a "W".
🔹 Meaning: Sellers tried twice to push prices lower but failed.
🔹 Signal: Upward reversal likely.
2. Inverse Head and Shoulders:
🔹 Shape: One lower low (head) between two higher lows (shoulders).
🔹 Meaning: A sign of buyer strength building.
🔹 Signal: Breakout above the neckline → bullish.
3. Triple Bottom:
🔹 Shape: Three equal lows.
🔹 Meaning: Strong support level.
🔹 Signal: Break above resistance suggests a trend reversal.
