๐ 1. Resistance / Support Flip โ Bearish Signal
When a support level breaks and turns into resistance, itโs a clear warning that prices could fall further. This shift often marks the beginning of a downtrend.
๐ผ 2. Triangle (Upward Coil โ Bullish)
This chart shows price consolidation before a strong bullish breakout. When you spot this, bulls may be getting ready to push the price upward.
๐ฝ 3.Triangle (Downward Coil โ Bearish)
The opposite of an upward triangle. A downward coil reflects a build-up of bearish pressure and often leads to lower prices.
๐ 4. Bollinger Bands โ Volatility Indicator
These bands measure price volatility. If the price moves outside the upper/lower bands, it could signal an overbought or oversold condition โ often hinting at a reversal or trend continuation.
๐บ 5. Wedge Patterns โ Breakout Signals
Rising Wedge (Bearish): Can signal a downward breakout is coming.
Falling Wedge (Bullish): Suggests a reversal to the upside may occur soon.
๐ฒ 6. Box Patterns (Trendy Range)
When the price moves within a horizontal box, it signals consolidation.
A bullish breakout = potential uptrend
A bearish breakdown = possible downtrend
๐ฏ๏ธ Visual Learner? Here's the candle chart image ๐ (Add image here)
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Final Words
These patterns wonโt predict the future, but they can give you a strong edge. Combine them with risk management and a solid trading plan to trade smarter, not harder.
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