🎯 Top 6 Chart Patterns Every Trader Should Know! 👇

đŸ”» 1. Double Top (Bearish Reversal)

Two peaks at a similar level, followed by a neckline breakdown.

📍 Entry: Below the neckline

📉 Target: Height of the pattern

🛑 Stop Loss: Above the second top

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đŸ”» 2. Head & Shoulders (Bearish Reversal)

A tall middle peak (head) between two lower peaks (shoulders), breaking the neckline.

📍 Entry: On neckline break

📉 Target: Distance from head to neckline

🛑 Stop Loss: Above right shoulder

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đŸ”» 3. Rising Wedge (Bearish Continuation)

Price narrows upward, often leading to a sharp drop.

📍 Entry: After wedge breakdown

📉 Target: Base of the wedge

🛑 Stop Loss: Just above the upper wedge line

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đŸ”ș 4. Double Bottom (Bullish Reversal)

Two lows form a “W” shape, followed by a bullish breakout.

📍 Entry: On neckline breakout

📈 Target: Height from bottom to neckline

🛑 Stop Loss: Below the second bottom

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đŸ”ș 5. Inverse Head & Shoulders (Bullish Reversal)

Three dips—middle one deeper—signal a trend reversal upward.

📍 Entry: Breakout above neckline

📈 Target: Neckline to bottom of head

🛑 Stop Loss: Below right shoulder

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đŸ”ș 6. Falling Wedge (Bullish Continuation)

Price contracts downward between two lines—often breaks to the upside.

📍 Entry: On breakout

📈 Target: Full height of the wedge

🛑 Stop Loss: Below wedge support

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💡 Pro Tip: Always confirm patterns with volume, RSI, or moving averages for higher accuracy.

📚 Master these patterns. Trade smarter.

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