🟢This image contains some patterns that you can easily trade by observing them.
For example:
1. Bearish Double Top: This is a reversal pattern that forms after an uptrend. It's characterized by two consecutive peaks at roughly the same price level, with a trough (valley) in between. The pattern is confirmed when the price breaks below the low of this intervening trough. This breakdown suggests that the previous uptrend has lost momentum and a downtrend is likely to begin.
2. The Bearish Head and Shoulders is a reversal pattern with three peaks (left shoulder, highest head, right shoulder) after an uptrend. A break below the neckline connecting the lows signals a strong bearish trend reversal.
3. The Bullish Triple Bottom is a reversal pattern occurring after a downtrend, characterized by three distinct, roughly equal lows. A breakout above the resistance level connecting the highs between these lows confirms a strong upward price reversal.
