๐ MARKET PATTERNS โ SIMPLE GUIDE FOR TRADERS ๐
Understanding chart patterns is one of the keys to predicting market moves! Hereโs a quick guide to some of the most common Market Patterns every trader should know:
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๐บ FLAG PATTERN
Signals trend continuation.
Look for a breakout after a small pullback.
Entry after breakout, stop below the pullback.
๐ป WEDGE PATTERN
Can signal reversal or continuation.
Watch for a breakout of the wedge to enter your trade.
๐ผ ASCENDING TRIANGLE
Bullish continuation pattern.
Entry after breakout above resistance line.
๐ฝ DESCENDING TRIANGLE
Bearish continuation pattern.
Entry after breakout below support line.
๐ PENNANT PATTERN
Similar to flags but converging trendlines.
Breakout signals continuation of the trend.
โ CUP & HANDLE PATTERN
Bullish reversal pattern.
Handle shows short consolidation before breakout.
๐ INVERSE HEAD & SHOULDERS
Strong bullish reversal pattern.
Entry after neckline breakout.
๐ INVERSE CUP & HANDLE
Bearish reversal pattern.
Entry after handle breakdown.
๐ HEAD & SHOULDERS
Bearish reversal pattern.
Entry after neckline breaks down.
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๐ก Pro Tip:
Always combine chart patterns with other indicators for stronger confirmation! Never forget proper risk management โ set your stop-loss and target wisely.
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