For beginners entering the trading market, being able to understand bullish candlestick patterns is like receiving a "guide to capturing rises." No longer relying on gut feelings to guess price movements, following the signals from patterns greatly increases the chances of seizing opportunities.
Below are 8 classic patterns that transition from "decline to rise" and "rise to continuation" that help you turn vague trends into clear entry points.
First, let's look at 4 reversal patterns that cause a downward trend to "turn upwards." The double bottom pattern resembles a "W", where the price tests the bottom twice without breaking support. Once it breaks the neck line, it is a good entry signal. The triple bottom has one more test of the bottom compared to the double bottom, with support being repeatedly validated, and the trend after the breakout is often more stable. In the inverted head and shoulders pattern, the middle low point is called the "head," and the slightly higher low points on both sides are the "shoulders." After breaking the neck line, there is usually considerable upward space. The descending wedge seems to continuously decline, but the fluctuations gradually narrow, making it easy to rebound after breaking through the upper line.
Next, let's look at 4 continuation patterns in an upward trend. The ascending triangle has a gradually rising bottom, with the highs remaining roughly flat. After breaking through the upper boundary, the bullish signal is clear. The bullish wedge gradually converges during the upward process; although the highs and lows rise simultaneously, the distance between them becomes smaller, and after the breakout, the upward trend often continues. The bullish flag pattern first has a rapid rise as the flagpole, then enters a consolidation to form the flag surface, and after ending, it often continues to rise. The bullish symmetrical triangle is a converging pattern of bulls and bears, and when it finally breaks upwards, the market is likely to start quickly.
Mastering these 8 types of patterns not only makes the entry points clearer but also makes setting stop losses and target levels easier. For beginners, this is not a theory to be memorized but an effective tool to help you understand market language.
Trading is not purely based on luck; finding the right method and receiving guidance can turn even the most complex situations around. @俊子爱币
