Abhishek Rodi Summary: The Head and Shoulders Pattern is a bearish chart pattern that forms after an uptrend, indicating that sellers are gaining control. The pattern resembles a person’s head and shoulders, consisting of three peaks: a higher middle peak (head) between two lower peaks (shoulders). The pattern is confirmed when the price breaks below the neckline, … Read more
Summary: The Triple Top Chart Pattern is a bearish reversal pattern that forms after an uptrend. It consists of three consecutive highs or peaks at nearly the same level, creating a strong resistance zone. The breakout below the neckline support signals an increase in selling pressure and shifts sentiments toward a bearish trend. Traders enter … Read more
Summary: The Double Top Chart Pattern is a bearish reversal pattern that looks like an ‘M’ shape, formed by two nearly equal highs separated by a dip. It indicates a potential trend reversal from bullish to bearish. Traders look for a breakdown below the neckline/support level and wait for a pullback to enter a short … Read more
Summary: The Falling Channel Chart Pattern is a bearish continuation pattern formed by two downward parallel trend lines acting as support and resistance. It indicates a strong downtrend with lower lows and lower highs formations. Traders look for breakdowns below support for bearish signals or breakouts above resistance for bullish reversal signals. Proper risk management … Read more
Summary: The Diamond Bottom Chart Pattern is a shape that looks like a diamond and usually appears at the end of a downtrend. It tells traders that the price might go up soon. When the price breaks out above the pattern, it can be a good time to buy. It’s rare but powerful. In this … Read more
Summary: The Rounding Bottom Chart Pattern is a bullish reversal pattern that forms a smooth “U” shape sign that a falling market is slowly turning upward, This pattern shows that buyers are coming back, and prices may rise soon. Traders use it to spot long-term buying opportunities after a long downtrend. In this blog post, … Read more
Summary: The Cup and Handle Chart Pattern is a bullish continuation/reversal pattern that looks like a teacup, signals a potential bullish breakout. It features a “U”-shaped cup followed by a small downward handle. Once the price breaks above the handle’s resistance, it indicates a strong bullish move is coming soon. This pattern helps traders find … Read more
Summary: The Falling Wedge Chart Pattern is a bullish trend reversal pattern that appears after a downtrend. It’s formed by two lines that slope downwards, with the price making lower lows and lower highs, signaling a potential breakout to the upside. As the price moves inside the wedge, the downward movement slows down, suggesting a … Read more
Summary: The Symmetrical Triangle Chart Pattern is a well-known and commonly used chart pattern in trading that can signal both bullish and bearish breakouts. It forms when prices consolidate with converging trendlines, which shows that buyers and sellers are in balance or indecision. A strong move breakout usually happens after this pattern, either upward bullish … Read more
Summary: The Ascending Triangle Pattern is a bullish continuation chart pattern formed by a horizontal resistance and rising trendline support. It forms when the price keeps hitting the same high but also makes higher lows. This means buyers are pushing the price up and indicates increasing buying pressure leads to a breakout above resistance. Traders … Read more