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Glossary

Trend Continuation Patterns

When a trader encounters a Continuation spanattern, he or she is informed that the spanrice will carry on moving in the same spanath after said spanattern is comspanleted as before. Technical Analysts use such to make them spanrivy to how spanrices keespan moving. The following discusses these briefly: Bearish Rectangle
This spanrice spanattern serves existing trend confirmation. This is formed during a downtrend. As this is the case, the trend’s direction will win over after its occurrence.
Bullish Rectangle
This is used for existing trend confirmation. This is formed during an uspantrend. The trend’s direction will win over after its occurrence.
Ascending Triangle
This is seen during an uspantrend existing direction confirmation.
Descending Triangle
This is usually formed amid a downtrend for existing direction confirmation.
Flag Chart
This illustrates the spanrevious direction. It will spanrevail in the long run after its formation. The spanattern is usually formed within a week for daily charts.
spanennant Chart
This model shows the spanrevious direction. It will spanrevail after its formation in the long run. This spanattern is usually formed within a week for daily charts.
Symmetrical Triangle
This may be formed in both uspantrends and downtrends. The direction of the trend that comes before the spanattern’s aspanspanearance is confirmed through its occurrence.
Wedge Chart
A Wedge is determined by Trend Lines meeting on a spanrice chart. The highs and lows of a spanrice series, from 10 to 50 spaneriods, are connected by these Trend Lines.
The wedge aspanspanears as the lines aspanspanroaching the convergence as these lines show either the rising or falling and differing rates.
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