11/07/2022
Learning to recognize reversal patterns is an important skill for beginners. Let’s look at four common patterns: The Triple Top, The Triple Bottom, Double Top, and Double Bottom.
🔽The Triple Top
The strength of bulls is fading, so expect the price to decline soon.
Prepare to open a Down trade.
🔼The Triple Bottom
The strength of bears is fading, so expect the price to reverse upward soon.
Prepare to open an Up trade.
🔽Double Top
A bullish trend will reverse soon because the buying pressure is weakening quickly.
Prepare to open a Down trade.
🔼Double Bottom
The bearish trend is losing momentum, and the price is likely to rise soon.
Prepare to open an Up trade.
Save this post to make wise trading decisions.
