Watch for the double top pattern, which is a strong indicator of a trend reversal. Two consecutive peaks indicate a potential shift in the trend from bullish to bearish. Be alert for trading opportunities when the price fails to break out above the previous high.
Take a look at the head and shoulders pattern, which is one of the strong trend reversal patterns. The three peaks indicate the likelihood of a shift in trend from bullish to fall. Watch for this pattern for trading opportunities, especially when the neckline is broken.
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Watch for the double top pattern, which is a strong indicator of a trend reversal. Two consecutive peaks indicate a potential shift in the trend from bullish to bearish. Be alert for trading opportunities when the price fails to break out above the previous high.
Take a look at the head and shoulders pattern, which is one of the strong trend reversal patterns. The three peaks indicate the likelihood of a shift in trend from bullish to fall. Watch for this pattern for trading opportunities, especially when the neckline is broken.