In trading, a bearish pattern is a technical chart pattern that indicates a potential trend reversal from an uptrend to a downtrend. These patterns are characterized by a series of price movements that signal a bearish sentiment among traders.
๐Bear Flag ๐ธ A small rectangular pattern that slopes against the preceding trend ๐ธ Forms after a rapid price decline (flagpole) ๐ธ The pattern is completed when the price breaks below the lower trend line of the flag
๐Descending Triangle ๐ธ A bearish continuation pattern that forms with a horizontal support line and a descending trendline ๐ธ Forms as the price reaches lower highs, while the lows remain at the same level ๐ธ The pattern is completed when the price breaks below the horizontal support line
๐Rising Wedge ๐ธ A bearish reversal pattern that forms with a series of higher highs and higher lows ๐ธ The pattern forms as the price moves up in a narrowing range ๐ธ The pattern is completed when the price breaks below the lower trendline
๐Triple Top ๐ธ A bearish reversal pattern that forms with three peaks at the same price level ๐ธ The pattern forms as the price reaches resistance at the same level multiple times ๐ธ The pattern is completed when the price breaks below the support level, which connects the lows between the peaks
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