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Can Reversal Patterns Really Predict Market Turns?
Hey everyone, so a bit of context — I’ve been trading for a few months now, mostly on demo accounts, and I’ve been trying to figure out how to catch market reversals more accurately. I stumbled upon this link — https://forextester.com/blog/reversal-patterns/ while reading about different strategies. It discusses “reversal patterns,” but I’m still unclear about how reliable they are in real trading. Can these patterns really help you spot when the market is about to change direction, or are they more of a theory thing? Would love to hear from someone with experience.
Hi there! Reversal patterns can be quite powerful if you understand how to read them correctly. They’re not just theoretical — they’re based on repeated trader behavior. From what I’ve learned, patterns like double tops, head and shoulders, and hammer candles can signal a shift in momentum when combined with volume and confirmation signals. That article you mentioned actually explains this really well and helps you recognize when a reversal is more likely to be real. It’s worth studying and applying in a simulator before using it live.