Reversal pattern : patterns that change the previous trend

15 mar 2021

Hi and welcome to this educational post:

Here is some of the important Reversal patterns :

1.Double Top:
price two unsuccessful times try to break resistance and continue the trend but second time that failed if the price fall more than previous support that formed (fall under neck line) then pattern completed and falling would start .


2.Head & Shoulder :
has three peaks that the left and right one are often with same height but the middle peak is highest one.
and this reversal pattern turn bullish market to bearish


3. Rising Wedge :
higher highs and higher lows, but low's trendline is sharper and once price fall more than previous low support the pattern get completed and huge fall is expected


4. Double Bottom :
price two unsuccessful times try to break support and continue the trend but second time that failed if the price rise more than previous resistance that formed (rise above the neck line) then pattern completed and rising would start .


5.Inverse Head & Shoulder :
has three peaks that the left and right one are often with same height but the middle peak is highest one.
and this reversal pattern turn bearish market to bullish


6. Falling Wedge :
lower highs and lower lows, but high's trendline has sharper fall and once price rise more than previous high resistance the pattern get completed and huge gain is expected


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