Directional Traders are good at spotting patterns.

But 98.8% of the new traders, don't know how to spot patterns.

I analyzed @niki_poojary 's account, to learn the most important patterns to master.

Here are the 8 of the most important patterns: 🧵

1/ Cup and handle Pattern

Happens during an uptrend.

The cup portion has a U-shaped appearance.

The bears are getting weaker as they are unable to drive the prices below the last low.

Subhasish Pani uses this a lot in stocks to spot bullish trades.

2/ Inverse Cup and Handle Pattern

Happens during a downtrend.

The cup portion has a reverse U-shaped appearance.

The bulls are getting weaker as they are unable to drive the prices above the last high.

Subhasish Pani uses this a lot in stocks to spot bearish trades.

3/ Double Bottom Pattern

It is a bullish pattern that has the shape of a "W".

The market tries twice to break the lows but is unsuccessful.

This is a reversal pattern to observe during a downtrend for a bullish trade.

4/ Double Top Pattern

It is a bearish pattern that has the shape of an "M".

The market tries twice to break the highs but is unsuccessful.

This is a reversal pattern to observe during an uptrend for a bearish trade.