Chart Patterns – Key to Market Movements

Chart patterns are the roadmap to market psychology. They show where the market is likely to go, based on previous price action.
Understanding these patterns can give you a significant edge in making trading

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Description:
📌 **Pattern 1 – Trendline Breakout**

* Price forms higher lows along a trendline.
* Breakout above resistance confirms bullish momentum.
* ✅ Entry only after **retest of the trendline**.
* 🎯 Target → continuation toward higher liquidity zones.

📌 **Pattern 2 – Bull Flag**

* A bullish continuation setup after a strong impulse.
* Breakout above flag = confirmation of trend continuation.
* ✅ Entry comes after **retest of flag resistance**.
* 🎯 Target → measured move equal to previous impulse.

⚡ **Key Lesson:**
Breakouts without retest = retail trap.
Breakouts with retest = professional entry.

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📌 **Step 1 – Double Bottom (W Pattern)**

* This pattern indicates a **bullish reversal** from the support zone.
* Entry comes after the **breakout above the neckline**.

📌 **Step 2 – Breakout & Retest**

* After the breakout, wait for the **retest** of the neckline (support turned resistance).
* Once price confirms the retest, it’s a **high probability buy**.

📌 **Step 3 – Target**

* Target = measured move from the bottom of the W pattern to the neckline.
* This gives a strong risk-to-reward ratio for continuation.

💡 **Key Lesson:**
A **retest** confirms the trend continuation — don’t chase breakouts. Wait for confirmation before entering!