
Trading Pure Price Action â No Indicators, Just Patterns đđđ
Forget complicated indicators â true trading mastery comes from reading raw price action. Here's your cheat sheet for the 3 key pattern types every trader needs:
Reversal Patterns (Trend Shifts Ahead!) đ
- Double Top â°ïžâ°ïž â Two failed highs signal coming drop
- Head & Shoulders đ§ âđ§ âđ§ â Third peak fails = trend reversal
- Rising Wedge đđș â Fake breakout setup for bears
- Double Bottom ââ â Two bounces off support = bullish
- Falling Wedge đœđ„ â Compression before upside breakout
Continuation Patterns (Trend Taking a Break) đ
- Bull Flag đ©đ â Quick dip before resuming uptrend
- Bear Flag đŽđ â Small bounce before next leg down
- Pennants đïž â Tight coils before explosive continuation
Bilateral Patterns (Breakout Coming Soon) đ
- Triangles đșđ» â Tighter price range = bigger breakout
- Rectangles ⏠â Sideways consolidation before next move
Key Takeaways
â Reversals happen at exhaustion points
â Continuations mean the trend is still healthy
â Bilateral patterns require breakout confirmation
The best traders don't predict â they react to what price actually does. Study these, practice spotting them, and trade what you see â not what you hope.
Drop a đž if you'll start trading with just price action!
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