While candlesticks focus on short-term action, chart patterns look at the "big picture" over many candles to identify structural market shifts. Pattern Type Market Sentiment Double Top/Bottom, Head and Shoulders Suggests a major trend change is imminent. Continuation Flags, Pennants, Rectangles
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Success in Forex isn't about memorizing every pattern, but rather mastering a few high-probability ones and combining them with strong risk management . Experienced traders often use a "top-down" approach:
Shows high volatility where the market could break out in either direction.
The Visual Language of Currency: Forex Trading with Candlesticks and Patterns The Foundation of Market Psychology