It is expected that the preceding trend will remain even after the pattern is finished. Price continuation patterns indicate that there will be a period of stagnation before the price regains its previous momentum. This pattern has the potential to result in both a bullish and a bearish breakout. The top line serves as resistance, while the bottom line serves as support. This pattern emerges when the price fluctuates within two horizontal boundaries. This neutral chart pattern has no particular direction bias and can potentially result in either a bullish or a bearish breakout. This pattern is identified when the price is moving in a range, forming a triangle shape with successive lower highs and higher lows. The pattern that develops can result in either the continuation or the reversal of the current trend. The market exhibits a bilateral pattern when buyers and sellers are unable to gain an advantage. Here is an overview of each of these types and some examples. There are three main types of chart patterns: reversal, continuation, and bilateral. Source: Soheil PK0 3 Major Chart Pattern Types Past market data and current price action of an asset, such as cryptocurrency, can help detect potential trends, reversals, and trading opportunities.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |