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PIChart Patterns Every Trader Should Know:
1️⃣ DOUBLE BOTTOM - Price tests support twice and bounces. Bears tried breaking through, failed both times. Bulls are taking back control. Reversal brewing.
2️⃣ DIUBLE TOP - Price hits resistance twice and gets rejected. Bulls exhausted. Bears stepping in. Trend’s about to flip downward.
3️⃣ CUP AND HANDLE - Smooth rounded base, then a small pullback before breakout. Consolidation building pressure. When it breaks, momentum follows.
4️⃣ HEAD AND SHOULDERS - Three peaks, middle one’s highest. Neckline breaks downward, uptrend’s done. Classic reversal pattern signaling bearish move ahead.
5️⃣ INVERSE HEAD AND SHOULDERS - Same structure, flipped. Three valleys, middle one deepest. Neckline breaks upward. Bears lost, bulls taking over.
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*Not financial advice. Confluence tools, not trade triggers.
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