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The Complete Guide to Candlestick Patterns is here
📈Friends! Exhaustively organized the complete guide to candlestick patterns is here, understand these, easily grasp trend changes~ Hurry and save it
👇
1. Consolidation Patterns: The trend is taking a break, likely to continue afterward~
Ascending Triangle 📈
The top looks like a hurdle (resistance level), but the bottom is quietly rising~ Once it breaks through this hurdle, the price is likely to shoot up📈
Descending Triangle 📉
Support is holding at the bottom, but the top is gradually pressing down~ If the support can't hold and is broken, the decline may be fierce📉
Bullish Symmetrical Triangle 📈
Price fluctuations are getting smaller, forming a converging triangle~ Usually continues the original trend upward, bullish signal received✅
Bullish Flag 📈
First a sharp rise, then a small consolidation, during which the price slightly dips downward, like a small flag~ After consolidation, it usually continues to rise, trend is super stable!
Bearish Flag 📉
First a sharp drop, then a small consolidation, during which the flag slightly tilts upward~ After consolidation, it likely continues the previous decline, be cautious⚠️
2. Reversal Patterns: The trend might turn around! Focus on these~
Double Top (M Top) 📉 Two similar high points appear, like an "M", indicating strong resistance at the top, breaking below usually leads to a big drop, run quickly🏃
Double Bottom (W Bottom) 📈 Two low points form a "W" shape, with strong support at the bottom~ Once broken, likely to start an upward trend💹
Triple Top 📉 Three high points appear in sequence, this resistance is almost invincible~ Usually leads to a big decline after breaking, be cautious😱
Triple Bottom 📈 Three low points solidify the bottom, super support is no joke~ After breaking, often a big rise, get ready to collect profits💰
Head and Shoulders Top 📉 One peak with two smaller peaks in between, looks like a head and shoulders~ After breaking the neckline, usually a sharp decline, stop-loss quickly😭
Head and Shoulders Bottom 📈 One trough with two smaller troughs in between, head and shoulders bottom pattern appears~ After breaking the neckline, usually a big rise, opportunity is here🎉
3. Wedge Patterns: Focus on the breakout direction!
Bullish Wedge (Falling Wedge) 📈
Converging boundaries, price slowly declines, but this is actually a buildup before a rise~ Usually breaks upward, don't be fooled😉
Bearish Wedge (Rising Wedge) 📉
Converging boundaries, price slowly rises, seeming strong, but may be a trap before a decline~ Usually breaks downward, stay alert😣
Falling Wedge 📈
Similar to the bullish wedge, emphasizing convergence during the decline~ Usually reverses upward, a potential buy signal✅
Rising Wedge 📉
Similar to the bearish wedge, emphasizing convergence during the rise~ Usually reverses downward, don't be deceived by the illusion❌ #合约技术