5 Chart Patterns Every Trader MUST Know

Mastering these classic setups can level up your trading game. Here's a simple breakdown of each one 👇

1/ Head and Shoulders 🧠👕
A bearish reversal pattern.
✅ Left shoulder → Head → Right shoulder
🚩 Signals a potential top and trend reversal.
🧠 Watch for a break below the neckline.

2/ Double Top ⛰️⛰️
Another bearish reversal.
✅ Price hits the same resistance twice
⚠️ Fails to break out = weakness
🔻 Often leads to a trend reversal downward.

3/ Double Bottom 🕳️🕳️
Bullish reversal pattern.
✅ Two strong rejections at the same support level
🚀 Indicates accumulation and a potential move up.
🔑 Confirm with breakout above neckline.

4/ Ascending Triangle 🔼
Bullish continuation pattern.
✅ Higher lows squeezing into horizontal resistance
💥 Breakout usually leads to strong upside move.
📊 Volume often contracts before breakout.

5/ Descending Triangle 🔽
Bearish continuation pattern.
✅ Lower highs pressing into horizontal support
⚠️ Builds pressure before a breakdown
📉 A break below support = bearish signal.

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