🚨BULLISH CANDLE CHART PATTERNS🚨

1. Flag Pole: The “flagpole” is a strong bullish trend with higher highs and higher lows. The “flag” consists of candles forming lower highs and lower lows between two parallel trend lines. A breakout occurs when the price pierces through the resistance at the top.

2. Wedge: In a Wedge pattern, two trend lines converge, showing that price movements are narrowing. Wedges indicate a pause in the current trend. When you see this formation, it signals indecision among traders about where the price will head next.

3. Ascending Triangle: This pattern is typically bullish, showing an upward trend continuation. However, it can also signal a reversal from a downtrend. A descending triangle, on the other hand, is bearish, pointing to a downtrend continuation or an uptrend reversal.

4. Pennant: Pennants are continuation patterns that follow a consolidation period and are usually followed by a breakout. The volume is key—consolidation should have lower volume, and breakouts should occur with increased volume.

5. Cup and Handle: This chart pattern resembles a “U”-shaped cup followed by a downward-sloping handle. It’s a bullish signal, extending the upward trend and signaling a potential opportunity to go long.

6. Inverse Head and Shoulders: This pattern predicts a reversal of a downtrend and is bullish. It’s the opposite of the regular head and shoulders pattern, which is a bearish indicator.

If you focus on these patterns, you can avoid major losses. Follow me for important updates and profitable signals on Binance Square 💓.