I've noticed that many traders get fixated only on indicators and then wonder why the signals don't work. In reality, trading patterns are a separate language of the market that you need to learn to read.

Let's analyze three classic formations that really help understand where the price might go.

First, about flags and pennants – these patterns indicate that the trend hasn't ended, it's just taking a breather. Do you see consolidation after a strong move? Usually, the price continues in the same direction afterward. This is one of the most reliable signals.

Next, head and shoulders – this is a serious reversal. When you see this pattern after an upward move, there's a high probability that the bulls are tired and the price will go down. I've seen this pattern trigger multiple times on daily charts.

And also, double top with double bottom – a classic. A double top indicates that the market tried twice to break higher but failed. That's weakness. Conversely, a double bottom signals support that could lead to a rebound upward.

When working with trading patterns, always pay attention to volume. Strong volume confirms the signal, while low volume can mean the pattern is false.

Honestly, combining patterns with simple support and resistance levels yields good results. Don't get stuck on just one method – the main thing is that it works for your trading style.

What patterns do you use? I'm interested to hear what actually works in your strategies.