🚨BULLISH CANDLE CHART PATTERN🚨
1) Flagstaff:-
The Flagpole has a pronounced bullish character, with higher highs and higher lows; The Flag consists of candles with lower highs and lower lows that are located between two strictly parallel trend lines; The Breakout breaks the upper line, resistance.
2) Wedge:-
In a wedge chart pattern, two trend lines converge. This means that the amount of price movement in the wedge pattern is decreasing. Wedges signal a pause in the current trend. When you encounter this formation, it means that forex traders are still deciding where to take the pair next.
3) Ascending Triangle:-
Ascending triangles are generally bullish because they indicate a continuation of an uptrend. In some cases, they may indicate a reversal of a downtrend. The descending triangle is bearish. This is because it indicates a continuation of a downtrend or a reversal of an uptrend.
4) Pennant:-
Pennants are continuation patterns where a period of consolidation is followed by a breakout, used in technical analysis. It is important to look at the volume in a pennant - the consolidation period should have lower volume, and the breakouts should occur on higher volume.
5)Cup and handle:-
A cup and handle is a technical chart pattern that resembles a cup and handle, where the cup is shaped like a "u" and the handle has a slight downward drift. The cup and handle is considered a bullish signal that continues an uptrend and is used to identify buying opportunities.
6) Inverted Head and Shoulders:-
Description of the Inverse Head and Shoulders chart pattern. This chart figure is commonly used in technical analysis to predict a reversal of a downtrend. It is a bullish signal and is essentially the opposite of the regular head and shoulders chart pattern, which is a bearish indicator.
IF you focus on these charts, you will never experience big losses.
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