📍 Part 2: Bearish Reversal Patterns
These patterns indicate a possible downward reversal after a bullish trend. Traders use them to anticipate when to exit long trades or enter shorts.
1. Double Top:
🔹 Shape: Two peaks at the same level (like an “M”).
🔹 Meaning: Buyers failed twice to break resistance.
🔹 Signal: Reversal to the downside.
2. Head and Shoulders:
🔹 Shape: A peak (head) between two lower peaks (shoulders).
🔹 Meaning: Losing bullish momentum.
🔹 Signal: Break of neckline → bearish trend.
3. Triple Top:
🔹 Shape: Three highs at similar levels.
🔹 Meaning: Resistance holding strong.
🔹 Signal: Break below the pattern → trend reversal.
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