It can be anticipated to fall for some period of time overall given the larger bearish trend continuation pattern
He covers the basic candlestick, single stick signs, double stick moves, complex stick patterns, reversal and continuation pattern
analysis, volume and volatility, buy and sell set-up signals, swing trading with candlesticks, spotting trends and using trendlines, and technical indicators.
"This is a typical continuation pattern
, indicating a further downside towards $40.68," he said.
Also there is a bearish pennant trend continuation pattern
in the chart of the DFMGI and the minimum target is also within that support zone.
There will be some consolidation over the next two to three days and prices will zoom to new highs once it breaches the Rs31,500 level." A rising channel is a continuation pattern
where prices show bullish signals along a channel marked by two parallel lines.
"A bearish continuation pattern
in the consolidation channel is confirmed.
Indeed the price action suggests a continuation pattern
rather than a top.
"A bullish continuation pattern
in consolidation channel is confirmed.
A continuation pattern
with a long, black body followed by another black body that has gapped below the first one.
Alternatively, a similar wedge pattern can form within an uptrend and signify a trend continuation pattern
. The classic minimum target for a wedge is the beginning of the pattern.
An Ascending Triangle Pattern is a continuation pattern
and usually occurs after a large run up in price.
A Bear Flag is a continuation pattern
that generally occurs after a decline in price.