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"Bullish Reversal" patterns made simple! šš
1ļøā£ Double Bottom: It looks like a 'W' and shows that sellers are losing strength.
2ļøā£ Triple Bottom: Three dips in price? Buyers might be ready to take control.
3ļøā£ Falling Wedge: Prices are getting squeezed? A strong upward move could be coming.
4ļøā£ Inverted Head & Shoulders: A big dip in the middle with smaller ones on each side? Buyers might be preparing for action.
Watch your charts and learn these patternsāthey tell the story of the market! š¢
š² BitTradeX
#tips #bullishreversal #PATTERN
1ļøā£ Double Bottom: It looks like a 'W' and shows that sellers are losing strength.
2ļøā£ Triple Bottom: Three dips in price? Buyers might be ready to take control.
3ļøā£ Falling Wedge: Prices are getting squeezed? A strong upward move could be coming.
4ļøā£ Inverted Head & Shoulders: A big dip in the middle with smaller ones on each side? Buyers might be preparing for action.
Watch your charts and learn these patternsāthey tell the story of the market! š¢
š² BitTradeX
#tips #bullishreversal #PATTERN
#ETHUSDT has been trading bearish overall inside the descending wedge, which is marked in red and green.
Currently, it is approaching the lower border of the wedge.
Additionally, $3000 is a strong and distant support. Therefore, the 3000 - 2900 range is a strong area to look for buy setups, as it is the intersection of support and lower trend lines that act as non-horizontal support.
As #ETH approaches the support range, I will look for bullish reversal setups (such as a double bottom pattern, trendline breakout, etc...) Always follow your trading plan in terms of entry, risk management, and trade management.
#ETH #Ethereum #strategy #PATTERN $ETH
Currently, it is approaching the lower border of the wedge.
Additionally, $3000 is a strong and distant support. Therefore, the 3000 - 2900 range is a strong area to look for buy setups, as it is the intersection of support and lower trend lines that act as non-horizontal support.
As #ETH approaches the support range, I will look for bullish reversal setups (such as a double bottom pattern, trendline breakout, etc...) Always follow your trading plan in terms of entry, risk management, and trade management.
#ETH #Ethereum #strategy #PATTERN $ETH
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š„ Crypto Update: Double Bottom Patterns Are Rampant! š¹
Today's crypto charts are very uniform, from BTC, altcoins, to memecoins, almost all of them have one thing in common: DOUBLE BOTTOM! This classic pattern often signals a trend reversal to the upside. So, what's next? Let's discuss!
š What's Happening?
1ļøā£ $BTC : Trying to rise from strong support, with a neckline. If it breaks through, get ready for a big rally!
2ļøā£ Altcoins (ETH, BNB, $SOL ): The pattern is similar, holding at the support level and starting to approach resistance. Some have shown increasing volume.
3ļøā£ Memecoins (DOGE, SHIBA, $PEPE ): Although volatile, memecoins are also following the double bottom. Nearby resistance is being tested, there could be an interesting spike!
š® Next Candlestick Movement Prediction:
ā If Breakout (Bullish):
A bullish engulfing candlestick pattern will appear after the neckline is broken, followed by a surge in volume.
This could be a signal for a quick rally to the next resistances!
ā If Failed (Bearish):
Watch out for false breakouts, where the price drops back down and forms a bearish engulfing pattern. Crucial support could be retested!
š” Conclusion:
The market is gathering steam! If the neckline of this double bottom breaks, we could see a big bullish movement across the crypto market. But if it fails, crucial support must hold to prevent further declines.
š¢ Are you ready to take this opportunity? Share your analysis and discuss with the community. Who knows, this could be the start of a big crypto moment in 2025! š #cryptonews #altcoins #Memecoinsš¤š¤ #PATTERN #Market_Update
Today's crypto charts are very uniform, from BTC, altcoins, to memecoins, almost all of them have one thing in common: DOUBLE BOTTOM! This classic pattern often signals a trend reversal to the upside. So, what's next? Let's discuss!
š What's Happening?
1ļøā£ $BTC : Trying to rise from strong support, with a neckline. If it breaks through, get ready for a big rally!
2ļøā£ Altcoins (ETH, BNB, $SOL ): The pattern is similar, holding at the support level and starting to approach resistance. Some have shown increasing volume.
3ļøā£ Memecoins (DOGE, SHIBA, $PEPE ): Although volatile, memecoins are also following the double bottom. Nearby resistance is being tested, there could be an interesting spike!
š® Next Candlestick Movement Prediction:
ā If Breakout (Bullish):
A bullish engulfing candlestick pattern will appear after the neckline is broken, followed by a surge in volume.
This could be a signal for a quick rally to the next resistances!
ā If Failed (Bearish):
Watch out for false breakouts, where the price drops back down and forms a bearish engulfing pattern. Crucial support could be retested!
š” Conclusion:
The market is gathering steam! If the neckline of this double bottom breaks, we could see a big bullish movement across the crypto market. But if it fails, crucial support must hold to prevent further declines.
š¢ Are you ready to take this opportunity? Share your analysis and discuss with the community. Who knows, this could be the start of a big crypto moment in 2025! š #cryptonews #altcoins #Memecoinsš¤š¤ #PATTERN #Market_Update
Golden Success for Beginners: 10 Most Powerful Reversal Patterns to Boost Your Earnings
$SOL
$BTC
As a beginner in the crypto market, understanding key reversal patterns can help you spot potential opportunities and minimize losses. Reversal patterns signal the potential change in market direction and can be extremely powerful tools for boosting your earnings. Here are the 10 most powerful reversal patterns every new trader should know!
1. Head and Shoulders
The head and shoulders pattern is one of the most reliable indicators of a trend reversal. It signals that an uptrend is about to end, and the market will likely move downward.
Bullish Reversal: Inverted Head and Shoulders.
Bearish Reversal: Head and Shoulders.
2. Double Top and Double Bottom
These are classic reversal patterns that occur after a strong trend. A double top suggests a trend reversal from bullish to bearish, while a double bottom signals a reversal from bearish to bullish.
Double Top: Market hits a high, retraces, and hits the same high again before dropping.
Double Bottom: The market hits a low, rises, and then drops to the same low before reversing upward.
3. Cup and Handle
A bullish continuation pattern, but it can also indicate a reversal in a strong downtrend. The market forms a "cup" shape, followed by a "handle," signaling a potential rise in price.
4. Inverse Cup and Handle
The inverse version of the cup and handle pattern indicates that the price could reverse from a downtrend to an uptrend. After forming a "cup" shape and a "handle," the price is likely to move higher.
5. Falling Wedge
A falling wedge pattern indicates that a downtrend is slowing down and could soon reverse upward. As the price moves within the narrowing wedge, it shows that sellers are losing strength, and buyers might take control.
6. Rising Wedge
The rising wedge pattern typically occurs during an uptrend and signals an impending reversal to the downside. The price action forms higher highs and higher lows, but the pattern eventually breaks down, suggesting a trend reversal.
7. Engulfing Candles
An engulfing candle pattern occurs when a small candle is followed by a larger candle that completely engulfs the previous one. This pattern indicates strong buying or selling pressure and can signal the end of a trend.
Bullish Engulfing: Indicates a reversal from bearish to bullish.
Bearish Engulfing: Signals a reversal from bullish to bearish.
8. Morning Star and Evening Star
These candlestick patterns often signal a reversal at the bottom or top of a trend. The morning star is a bullish pattern that forms at the end of a downtrend, while the evening star is a bearish pattern that signals the end of an uptrend.
9. Doji Candlestick
A doji candle indicates indecision in the market, where the opening and closing prices are almost identical. After a trend, a doji can signal a reversal, depending on the following candleās action.
10. Triple Top and Triple Bottom
Similar to double top/bottom, the triple top/bottom pattern signals that the market is struggling to move higher or lower, and a reversal is likely to occur after the third attempt to break the price level.
Triple Top: Indicates a reversal from bullish to bearish.
Triple Bottom: Indicates a reversal from bearish to bullish.
#USStateBuysBTC #BinanceAlphaAlert #Binance250Million #freerewards #PATTERN
Conclusion:
Mastering reversal patterns can significantly improve your trading strategy. Whether you are looking to capitalize on bullish or bearish reversals, these patterns provide valuable insights into potential market movements. Always combine these patterns with other indicators and sound risk management to maximize your success!
$BTC
As a beginner in the crypto market, understanding key reversal patterns can help you spot potential opportunities and minimize losses. Reversal patterns signal the potential change in market direction and can be extremely powerful tools for boosting your earnings. Here are the 10 most powerful reversal patterns every new trader should know!
1. Head and Shoulders
The head and shoulders pattern is one of the most reliable indicators of a trend reversal. It signals that an uptrend is about to end, and the market will likely move downward.
Bullish Reversal: Inverted Head and Shoulders.
Bearish Reversal: Head and Shoulders.
2. Double Top and Double Bottom
These are classic reversal patterns that occur after a strong trend. A double top suggests a trend reversal from bullish to bearish, while a double bottom signals a reversal from bearish to bullish.
Double Top: Market hits a high, retraces, and hits the same high again before dropping.
Double Bottom: The market hits a low, rises, and then drops to the same low before reversing upward.
3. Cup and Handle
A bullish continuation pattern, but it can also indicate a reversal in a strong downtrend. The market forms a "cup" shape, followed by a "handle," signaling a potential rise in price.
4. Inverse Cup and Handle
The inverse version of the cup and handle pattern indicates that the price could reverse from a downtrend to an uptrend. After forming a "cup" shape and a "handle," the price is likely to move higher.
5. Falling Wedge
A falling wedge pattern indicates that a downtrend is slowing down and could soon reverse upward. As the price moves within the narrowing wedge, it shows that sellers are losing strength, and buyers might take control.
6. Rising Wedge
The rising wedge pattern typically occurs during an uptrend and signals an impending reversal to the downside. The price action forms higher highs and higher lows, but the pattern eventually breaks down, suggesting a trend reversal.
7. Engulfing Candles
An engulfing candle pattern occurs when a small candle is followed by a larger candle that completely engulfs the previous one. This pattern indicates strong buying or selling pressure and can signal the end of a trend.
Bullish Engulfing: Indicates a reversal from bearish to bullish.
Bearish Engulfing: Signals a reversal from bullish to bearish.
8. Morning Star and Evening Star
These candlestick patterns often signal a reversal at the bottom or top of a trend. The morning star is a bullish pattern that forms at the end of a downtrend, while the evening star is a bearish pattern that signals the end of an uptrend.
9. Doji Candlestick
A doji candle indicates indecision in the market, where the opening and closing prices are almost identical. After a trend, a doji can signal a reversal, depending on the following candleās action.
10. Triple Top and Triple Bottom
Similar to double top/bottom, the triple top/bottom pattern signals that the market is struggling to move higher or lower, and a reversal is likely to occur after the third attempt to break the price level.
Triple Top: Indicates a reversal from bullish to bearish.
Triple Bottom: Indicates a reversal from bearish to bullish.
#USStateBuysBTC #BinanceAlphaAlert #Binance250Million #freerewards #PATTERN
Conclusion:
Mastering reversal patterns can significantly improve your trading strategy. Whether you are looking to capitalize on bullish or bearish reversals, these patterns provide valuable insights into potential market movements. Always combine these patterns with other indicators and sound risk management to maximize your success!
Tesha Yanagida fkVM:
Bro first understand then make decisions
Pennant pattern
#Learn&Earn
#pattern
Traders can use the pennant pattern as a technical analysis tool to identify potential entry and exit points in the market. For example, the trader chooses to enter a long position when the price breaks above the upper trendline, or a short position when the price breaks below the lower trendline, if they identify a pennant pattern in the trading asset.
Traders should also be aware of the limitations of chart patterns, such as the potential for false or failed breakouts, and adjust their trading strategies accordingly.
#Learn&Earn
#pattern
Traders can use the pennant pattern as a technical analysis tool to identify potential entry and exit points in the market. For example, the trader chooses to enter a long position when the price breaks above the upper trendline, or a short position when the price breaks below the lower trendline, if they identify a pennant pattern in the trading asset.
Traders should also be aware of the limitations of chart patterns, such as the potential for false or failed breakouts, and adjust their trading strategies accordingly.
#BEARISHš vs #BULLISH š Some important Candle stick #pattern $BTC $ETH #Megadrop #CryptoTradingGuide
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$GALA is making a 5-0 Pattern. In addition, the Fibi 0.618 major resistance point, which is drawn to the bottom region from where the 4 point ATH is, corresponds to the 0.618 major resistance point. This is a technical analysis study. It is not investment advice and does not contain it.#Kriptocutrader #pattern #GALA
#Pattern
š Understanding Hammer & Hanging Man Candlestick Patterns
In technical analysis, candlestick patterns are essential tools for identifying market trends and reversals. Two widely recognized patterns are the Hammer and the Hanging Man. Letās dive into their significance!
šØ Hammer (Bullish Reversal)
Appearance: A small body near the top of the candle with a long lower wick.
Meaning: Found at the bottom of a downtrend, the Hammer suggests a potential reversal to the upside. It indicates that sellers pushed prices lower during the session, but buyers regained control, closing near the opening price.
Key Signal: Confirmation is requiredālook for a bullish candle following the Hammer to validate the reversal.
š©ø Hanging Man (Bearish Reversal)
Appearance: Similar in shape to the Hammer but occurs at the top of an uptrend.
Meaning: It signals a potential reversal to the downside. The long lower wick shows that sellers attempted to take control, but buyers managed to close the session near the opening price.
Key Signal: Confirmation is crucialāwatch for a bearish candle after the Hanging Man to confirm the trend reversal.
ā ļø Tips for Traders:
Wait for Confirmation: These patterns are more reliable when followed by corresponding bullish or bearish candles.
Use with Other Indicators: Combine them with RSI, MACD, or moving averages for stronger signals.
Manage Risks: Place stop-loss orders and donāt over-leverage.
Candlestick patterns like the Hammer and Hanging Man are powerful tools, but they arenāt foolproof. Always combine them with proper analysis and risk management. Happy trading! š
$BTC
$BNB
š Understanding Hammer & Hanging Man Candlestick Patterns
In technical analysis, candlestick patterns are essential tools for identifying market trends and reversals. Two widely recognized patterns are the Hammer and the Hanging Man. Letās dive into their significance!
šØ Hammer (Bullish Reversal)
Appearance: A small body near the top of the candle with a long lower wick.
Meaning: Found at the bottom of a downtrend, the Hammer suggests a potential reversal to the upside. It indicates that sellers pushed prices lower during the session, but buyers regained control, closing near the opening price.
Key Signal: Confirmation is requiredālook for a bullish candle following the Hammer to validate the reversal.
š©ø Hanging Man (Bearish Reversal)
Appearance: Similar in shape to the Hammer but occurs at the top of an uptrend.
Meaning: It signals a potential reversal to the downside. The long lower wick shows that sellers attempted to take control, but buyers managed to close the session near the opening price.
Key Signal: Confirmation is crucialāwatch for a bearish candle after the Hanging Man to confirm the trend reversal.
ā ļø Tips for Traders:
Wait for Confirmation: These patterns are more reliable when followed by corresponding bullish or bearish candles.
Use with Other Indicators: Combine them with RSI, MACD, or moving averages for stronger signals.
Manage Risks: Place stop-loss orders and donāt over-leverage.
Candlestick patterns like the Hammer and Hanging Man are powerful tools, but they arenāt foolproof. Always combine them with proper analysis and risk management. Happy trading! š
$BTC
$BNB
8 Easy Reversal Patterns to Boost Your Trading Wins
No matter where you are in your trading journeyābeginner or expertāthis guide will help refine your strategy. Letās break it down step by step:
1ļøā£ Head and Shoulders š§
What it shows: Signals a trend reversal from bullish to bearish.How to identify: Look for three peaksāthe middle (head) is the tallest, with two shorter ones (shoulders). Watch for a neckline break.Best strategy: Wait for a neckline breakdown to confirm the reversal.Pro Tip: Use volume analysisāa breakdown with increased selling pressure is more reliable.
2ļøā£ Double Top š
What it shows: A bearish reversal at the end of an uptrend.How to identify: Price hits resistance twice, forming two peaks, then drops.Best strategy: Enter a short trade after the support line breaks.Pro Tip: Confirm the setup with RSI showing overbought conditions.
3ļøā£ Double Bottom š
What it shows: A bullish reversal at the end of a downtrend.How to identify: Price tests support twice, creating two valleys, then moves up.Best strategy: Go long after the resistance level is broken.Pro Tip: Combine this with MACD divergence for stronger confirmation.
4ļøā£ Triple Top š»
What it shows: A stronger bearish reversal.How to identify: Price forms three peaks at similar levels before dropping.Best strategy: Short the market once price closes below the support line.Pro Tip: Higher timeframes (e.g., 4H, Daily) offer more reliable signals.
5ļøā£ Triple Bottom š
What it shows: A stronger bullish reversal.How to identify: Price forms three troughs at the same level, then rallies.Best strategy: Enter long after breaking through resistance.Pro Tip: Watch for increased volume during the breakoutāit strengthens the signal.
6ļøā£ Rounding Top š
What it shows: A slow bearish reversal.How to identify: Price forms an arc-like curve, resembling an upside-down bowl.Best strategy: Short the market after breaking the support line.Pro Tip: Combine with declining volume for better accuracy.
7ļøā£ Rounding Bottom š„
What it shows: A gradual bullish reversal.How to identify: Price forms an upward curve, similar to a bowl.Best strategy: Enter long after resistance breaks.Pro Tip: This is often a precursor to long-term uptrendsāideal for swing trading.
8ļøā£ Cup and Handle ā
What it shows: A continuation pattern that leads to a bullish breakout.How to identify: Price forms a U-shaped cup followed by a smaller handle before breaking out.Best strategy: Enter long after the handle breakout.Pro Tip: The handle pullback to 50%-61.8% of the cupās height is a prime entry point.
How to Use These Patterns Effectively
š Combine tools: Use reversal patterns alongside indicators like RSI, MACD, or Bollinger Bands.
š Timeframes matter: Patterns on higher timeframes (e.g., 4H, Daily) are more reliable.
š Volume is key: Look for significant volume changes to confirm reversals.
š¦ Risk management: Always set stop-loss levels at critical support or resistance zones.
#BinanceAlphaAlert #BitwiseBitcoinETF #PATTERN #BTCXmasOrDip? #Crypto2025Trends
1ļøā£ Head and Shoulders š§
What it shows: Signals a trend reversal from bullish to bearish.How to identify: Look for three peaksāthe middle (head) is the tallest, with two shorter ones (shoulders). Watch for a neckline break.Best strategy: Wait for a neckline breakdown to confirm the reversal.Pro Tip: Use volume analysisāa breakdown with increased selling pressure is more reliable.
2ļøā£ Double Top š
What it shows: A bearish reversal at the end of an uptrend.How to identify: Price hits resistance twice, forming two peaks, then drops.Best strategy: Enter a short trade after the support line breaks.Pro Tip: Confirm the setup with RSI showing overbought conditions.
3ļøā£ Double Bottom š
What it shows: A bullish reversal at the end of a downtrend.How to identify: Price tests support twice, creating two valleys, then moves up.Best strategy: Go long after the resistance level is broken.Pro Tip: Combine this with MACD divergence for stronger confirmation.
4ļøā£ Triple Top š»
What it shows: A stronger bearish reversal.How to identify: Price forms three peaks at similar levels before dropping.Best strategy: Short the market once price closes below the support line.Pro Tip: Higher timeframes (e.g., 4H, Daily) offer more reliable signals.
5ļøā£ Triple Bottom š
What it shows: A stronger bullish reversal.How to identify: Price forms three troughs at the same level, then rallies.Best strategy: Enter long after breaking through resistance.Pro Tip: Watch for increased volume during the breakoutāit strengthens the signal.
6ļøā£ Rounding Top š
What it shows: A slow bearish reversal.How to identify: Price forms an arc-like curve, resembling an upside-down bowl.Best strategy: Short the market after breaking the support line.Pro Tip: Combine with declining volume for better accuracy.
7ļøā£ Rounding Bottom š„
What it shows: A gradual bullish reversal.How to identify: Price forms an upward curve, similar to a bowl.Best strategy: Enter long after resistance breaks.Pro Tip: This is often a precursor to long-term uptrendsāideal for swing trading.
8ļøā£ Cup and Handle ā
What it shows: A continuation pattern that leads to a bullish breakout.How to identify: Price forms a U-shaped cup followed by a smaller handle before breaking out.Best strategy: Enter long after the handle breakout.Pro Tip: The handle pullback to 50%-61.8% of the cupās height is a prime entry point.
How to Use These Patterns Effectively
š Combine tools: Use reversal patterns alongside indicators like RSI, MACD, or Bollinger Bands.
š Timeframes matter: Patterns on higher timeframes (e.g., 4H, Daily) are more reliable.
š Volume is key: Look for significant volume changes to confirm reversals.
š¦ Risk management: Always set stop-loss levels at critical support or resistance zones.
#BinanceAlphaAlert #BitwiseBitcoinETF #PATTERN #BTCXmasOrDip? #Crypto2025Trends
$Solana will dump š„š„
$SOL will dump in a few days
This picture shows a bearish head and shoulders pattern in which can cause a short position for some time on $SOL daily chart I will enter a short position trade.
Entry : below 220
Target 1: 210
Target 2: 200
Target 3: 190
Stop loss: 249.07 - must
Risk management is important
This picture shows a bearish head and shoulders pattern in which can cause a short position for some time on $SOL daily chart I will enter a short position trade.
Entry : below 220
Target 1: 210
Target 2: 200
Target 3: 190
Stop loss: 249.07 - must
Risk management is important
The triple top pattern is a bearish reversal pattern found in technical analysis. It occurs when the price of an asset creates three peaks at approximately the same price level, followed by a decline. Traders often interpret this pattern as a signal that the upward trend is losing strength and that a potential trend reversal to the downside may occur.
#trippletop #bearish #pattern
#trippletop #bearish #pattern
Mastering Trading Patterns: A Key to Successful Trading
Trading patterns are essential tools for traders who rely on technical analysis to make informed decisions. These patterns are graphical representations of price movements that help predict future market behavior. Let's explore some of the most common trading patterns:
1. Ascending Triangle: This pattern forms when the price makes higher lows while the highs remain constant. It indicates a potential breakout to the upside.
2. Descending Triangle: Opposite to the ascending triangle, this pattern forms when the price makes lower highs while the lows remain constant, suggesting a potential breakout to the downside.
3. Channel Up and Channel Down: These patterns occur when the price moves between parallel trendlines. A channel up indicates an upward trend, while a channel down indicates a downward trend.
4. Rising Wedge and Falling Wedge: These patterns are characterized by converging trendlines. A rising wedge suggests a potential bearish reversal, while a falling wedge indicates a potential bullish reversal.
5. Rectangle: This pattern forms when the price moves sideways between horizontal support and resistance levels. It can signal either a continuation or a reversal of the current trend.
6. Head and Shoulders: This classic reversal pattern consists of three peaks, with the middle peak being the highest. It indicates a potential trend reversal from bullish to bearish.
7. Inverse Head and Shoulders: The opposite of the head and shoulders pattern, this indicates a potential trend reversal from bearish to bullish.
8. Triple Top and Triple Bottom: These patterns form when the price tests a support or resistance level three times before reversing. A triple top indicates a bearish reversal, while a triple bottom indicates a bullish reversal.
9. Flags and Pennants: These short-term continuation patterns form after a strong price movement. Flags are rectangular, while pennants are triangular.
10. Double Top and Double Bottom: These patterns form when the price tests a support or resistance level twice before reversing. A double top indicates a bearish reversal, while a double bottom indicates a bullish reversal.
Understanding and recognizing these patterns can significantly enhance your trading strategy. By identifying these formations, traders can make more informed decisions about when to enter or exit trades, ultimately improving their chances of success.
#TradingPatterns #PATTERN #leantrading #TradingCommunity #LearnFromMistakes
$BTC $ETH $BNB
1. Ascending Triangle: This pattern forms when the price makes higher lows while the highs remain constant. It indicates a potential breakout to the upside.
2. Descending Triangle: Opposite to the ascending triangle, this pattern forms when the price makes lower highs while the lows remain constant, suggesting a potential breakout to the downside.
3. Channel Up and Channel Down: These patterns occur when the price moves between parallel trendlines. A channel up indicates an upward trend, while a channel down indicates a downward trend.
4. Rising Wedge and Falling Wedge: These patterns are characterized by converging trendlines. A rising wedge suggests a potential bearish reversal, while a falling wedge indicates a potential bullish reversal.
5. Rectangle: This pattern forms when the price moves sideways between horizontal support and resistance levels. It can signal either a continuation or a reversal of the current trend.
6. Head and Shoulders: This classic reversal pattern consists of three peaks, with the middle peak being the highest. It indicates a potential trend reversal from bullish to bearish.
7. Inverse Head and Shoulders: The opposite of the head and shoulders pattern, this indicates a potential trend reversal from bearish to bullish.
8. Triple Top and Triple Bottom: These patterns form when the price tests a support or resistance level three times before reversing. A triple top indicates a bearish reversal, while a triple bottom indicates a bullish reversal.
9. Flags and Pennants: These short-term continuation patterns form after a strong price movement. Flags are rectangular, while pennants are triangular.
10. Double Top and Double Bottom: These patterns form when the price tests a support or resistance level twice before reversing. A double top indicates a bearish reversal, while a double bottom indicates a bullish reversal.
Understanding and recognizing these patterns can significantly enhance your trading strategy. By identifying these formations, traders can make more informed decisions about when to enter or exit trades, ultimately improving their chances of success.
#TradingPatterns #PATTERN #leantrading #TradingCommunity #LearnFromMistakes
$BTC $ETH $BNB
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Candlestick Chart Analysis: how to "read" price like a book + ARISTIM's response
A candlestick chart is one of the most popular ways to track price movement. Each candle on the chart shows what happened to the price over a certain period, such as an hour, a day, or a week. Let's figure out how it works and what can be understood from these candles.
Each candle consists of four key points:
Each candle consists of four key points: