#CreatorPad BTCUSDT Perpetual Contract

2 days ago

Chart Patterns - How to read them like a Pro





76380

2 days ago

Chart patterns are visual formations on price charts that help traders anticipate potential market movements.

These patterns fall into three main categories: bullish, bearish, and indecisive.

---

1. Bullish Chart Patterns

Bullish patterns often signal that price is likely to move upward.

1.1 Bull Flag



* What it looks like: A sharp upward move followed by a small downward-sloping rectangle (the flag).

* Meaning: After a strong rally, the price consolidates briefly before continuing higher.

* Key insight: A breakout above the flag typically signals a continuation of the trend.

1.2 Pennant (Bullish)



* What it looks like: A strong upward move followed by a small symmetrical triangle.

* Meaning: Similar to the bull flag, but the consolidation takes a triangular form.

* Key insight: Once price breaks above the pennant, the uptrend often resumes.