Understanding chart patterns is like reading the market’s secret language 🗝️. Here are 6 powerful formations to keep in your trading arsenal:
🔺 Symmetrical Triangle – Price coils tighter like a spring 🌀, ready for a breakout in either direction. Watch for strong volume to confirm the move!
📈 Ascending Triangle – Horizontal resistance meets rising support. Bulls 🐂 keep pushing higher until… 💥 breakout!
📉 Descending Triangle – Flat support meets falling resistance. Bears 🐻 are tightening control until price finally cracks downward.
🧠 Head & Shoulders – The king of bearish reversal patterns 👑. Three peaks (head taller than shoulders) signal a trend is about to flip bearish.
💪 Inverted Head & Shoulders – The bullish twin of the above. Three dips, with the middle deepest, hint at a strong reversal upward 📈🚀.
🔁 Double Top – Price tests the same resistance twice but fails, signaling sellers are stepping in hard. Usually followed by a drop 📉.
---
💡 Pro Tip: Combine these patterns with RSI, volume, and support/resistance zones for higher accuracy 🔍📊.
📷 Here is the candles image 👇
If you find the post helpful then please follow like and comment on it thanks 👍
#Bitlayer #BTCOvertakesAmazon #BTCReclaims120K #ETH4500Next? #BinanceAlphaAlert #ETH4500Next?