Success Rate: Approximately 65-75%.

Average Price Change: The average price decline following the confirmation of the pattern ranges from 10% to 15%.

Description: This pattern typically marks a reversal of an uptrend. It forms with three peaks, where the middle peak (the head) is higher than the two surrounding peaks (the shoulders). Traders often look for a break below the neckline for confirmation.

Success Rate: Approximately 65-75%.

Average Price Change: The average decline post-breakdown ranges from 8% to 12%.

Description: Similar to a double top, a triple top pattern forms when the price fails to break above a resistance level three times. Traders watch for a break below the neckline to confirm the pattern.

Success Rate: Success rate ranges from 55% to 65%.

Average Price Change: Following confirmation, the average decline is around 5-10%.

Description: A bearish engulfing pattern occurs when a larger bearish candlestick fully engulfs the previous smaller bullish candlestick. It suggests a shift in momentum from bullish to bearish sentiment.

Success Rate: Success rate is around 72%.

Average Price Change: Typically leads to a 5%–10% decline within 1–3 weeks after confirmation.

Description: The Evening Star is a three-candle bearish reversal pattern that appears after an uptrend. It signals that buyers are losing strength and sellers are taking control. It’s even stronger if the third candle "engulfs" a big part of the first candle’s body or comes with higher volume.

Success Rate: Success rate varies widely but is generally around 50-60%.

Average Price Change: The average decline following confirmation is approximately 10-15%.

Description: A broadening top pattern forms with expanding swings in both directions, indicating increased volatility and uncertainty. Traders anticipate a breakdown below the lower boundary of the pattern.