Continuing patterns in technical analysis
Continuing patterns in technical analysis are specific shapes or behaviors of the chart that are formed between two trends in the market and create only a temporary stop in their previous trend, and by observing them, one can hope that the new trend is in the same direction. The previous one will move, ie if the trend before the pattern is ascending, the trend after the pattern is also likely to be ascending, and vice versa.
Labels: Order to build a Forex robot , Build a stock trading robot , Build a trading robot , Trader robot design , Free Forex Robot , Forex robot programming , Forex Expert Making Tutorial , Build a trading robot with Python , Download Forex Trading Robot , Buy Forex Trader Robot , Automated Forex Robot , Free stock trading robot , Learn how to build a Forex trading robot , Alpari trading robot , Forex robot for Android , MetaTrader robot design , MetaTrader robot programming , Forex robot design , Forex robot programming , Automated trading
Continuing patterns are a subset of classical technical analysis and are highly credible and, if properly identified, can generate good profits for traders.
Continuing patterns usually take less time to build than recursive patterns, and fall into the category of medium- and short-term patterns that take about 1 to 3 months to form.
A variety of continuing patterns
Continuing patterns have different and various types, the most important, most valid and most famous of which are triangle patterns (symmetrical, ascending, decreasing, expanding), triangular and quadrangular flags, angles and rectangles, each of which has different types. have.
Introducing some continuing patterns
There are many different types of continuous patterns, some of which we will briefly explain.
The triangle pattern is very important and useful in this category of patterns, which we will introduce its types:
Symmetrical triangle: consists of 2 trend lines that come together to intersect at a point, in this pattern the upper line decreases and the lower line moves upwards. The important point is that price fluctuations occur within the range of the pattern, and if it deviates from the pattern, it means that the pattern fails.
Continuing patterns in technical analysis
Continuing patterns in technical analysis
Incremental triangle: In this pattern, the top line is horizontal and the bottom line is associated with an increase, which indicates more power of buyers, and after the failure of the pattern, we usually see an upward trend.
Continuing patterns in technical analysis
Decreasing triangle: In this pattern, the horizontal bottom line and the top line are drawn with a downward slope, which shows the strength of sellers, and often after the failure of this pattern, we see a downward trend.
Continuing patterns in technical analysis
Rectangular pattern: In this pattern, the price fluctuates neutrally between two horizontal lines and is only a pause between the two main trends. This pattern appears in both incremental and decremental forms.
Continuing patterns in technical analysis
For example, in the image below, we see a decreasing triangle pattern, before which the price was decreasing, and at the end of it, the price dropped out of the pattern again.
Continuing patterns in technical analysis
Also in the image below, the continuous pattern of the symmetrical triangle is formed and as the thickness was decreasing before the pattern, it stops in the neutral trend with the formation of the pattern and then continues its previous trend.
Continuing patterns in technical analysis
In the following example, we see a symmetrical triangle that creates a cross-sectional stop in a price growth trend and then continues the uptrend.
Continuing patterns in technical analysis
Tips for continuing patterns in technical analysis:
In the patterns of triangular, rectangular and angled flags, the slope of the pattern is usually in the opposite direction.
The volume of trades is very important in the approval and type of patterns, according to which a successful analyst provides more valid analyzes.
Patterns can be reversible and continuous and play the role of support and resistance in the chart. For example, the head and shoulder pattern, which is usually a reversible pattern, can also act as a continuous pattern.
Patterns in technical analysis, like other technical tools, should be used in conjunction with other fundamental tools and analyzes and are not very valid on their own.
Continuing patterns, unlike recurring patterns such as twin ceilings or twin floors, each of which is related to an uptrend or a downtrend, are not adapted to a single trend, for example, an ascending triangle pattern is seen in both uptrends In declining trends but rarely.
Labels: Order to build a Forex robot , Build a stock trading robot , Build a trading robot , Trader robot design , Free Forex Robot , Forex robot programming , Forex Expert Making Tutorial , Build a trading robot with Python , Download Forex Trading Robot , Buy Forex Trader Robot , Automated Forex Robot , Free stock trading robot , Learn how to build a Forex trading robot , Alpari trading robot , Forex robot for Android , MetaTrader robot design , MetaTrader robot programming , Forex robot design , Forex robot programming , Automated trading
