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How I Made $215 This Morning Unlocking Profits with Chart Patterns This morning, I earned $215 by identifying and trading reliable chart patterns no guesswork, just smart execution. Mastering these patterns can elevate your trading skills, allowing you to spot profitable setups and reduce risk. Here’s a concise breakdown: 1. Bullish Chart Patterns – Anticipating Upward Moves These patterns emerge after a downtrend, signaling strong buying interest: Inverted Head & Shoulders: A reversal sign that indicates a bullish trend shift. Double Bottom: The ‘W’ shape suggests price support and potential upward momentum. Bullish Flag: A minor pullback after an uptrend, often followed by a breakout. Triple Bottom: Three touches of support indicate buyer strength and possible reversal. Cup & Handle: A smooth dip followed by a small retracement, signaling a bullish continuation. 2. Indefinite Chart Patterns – Await the Breakout These formations can break in either direction, requiring a confirmed move before entry: Symmetrical Triangle: A tightening price range leads to a breakout—wait for confirmation. Falling Wedge: Appears bearish but often reverses upward after confirmation. Rising Wedge: Usually bearish but can sometimes surprise with an upward breakout. Descending Triangle: Typically bearish, but a bullish breakout is possible. Ascending Triangle: Often bullish but requires a breakout for confirmation. 3. Bearish Chart Patterns – Spotting Potential Declines These patterns warn of possible price drops and offer opportunities for exits or short positions: Head & Shoulders: A reliable reversal pattern signaling a bearish trend after the neckline breaks. Triple Top: Multiple rejections at resistance indicate a loss of bullish momentum. Double Top: An inverted ‘W’ pattern signaling a bearish reversal. Bearish Flag: A slight upward retracement followed by a sharp decline. Pro Tips for Success: Bullish Patterns: Look for long entries. Bearish Patterns: Consider exits or short positions.
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