Trend Continuation Patterns

If you look at the chart with a strongly pronounced trend you can see places where the price has consolidated during its movements forming the same type of figures. These formations are trend continuation patterns which are often used by traders for making decisions. Trend continuation patterns are formed during the pause in the current market trends, and mark rather the movement continuation than its reversal.
By contrast with the model of trend reversal, the figures are often formed at shorter time intervals.

Ascending Triangle: Ascending Pattern in Trading

Chart patterns are visual representations of price movements in financial markets, often seen on trading charts. They provide traders with valuable insights into potential future price trends based on historical price data.

Descending Triangle: Forex Chart Pattern

Learn how to create Continuation Patterns in trading platform, by watching a video.

Symmetrical Triangle: Forex Chart Pattern

Learn how to create Continuation Patterns in trading platform by watching a video.

Rectangle Pattern (Bullish): Forex Chart Pattern

The rectangle pattern is characterized by two parallel trendlines representing support and resistance levels respectively connecting the most recent lows and highs of the price, holding a certain bunch of price fluctuations within.

Rectangle Pattern (Bearish): Forex Chart Pattern

Flag Chart Pattern: Forex Chart Pattern

This pattern is represented by two parallel trendlines, a support and resistance, holding the range between high and low prices within, visually forming a parallelogram or a flag and generally directed against the main trend. The pattern is often characterized by a sharp price entering after intensive movement.

Pennant Chart Pattern: Forex Chart Pattern

This pattern is represented by two converging trendlines, support is upward sloping and resistance is downward sloping, visually forming a triangle, which conclude price fluctuations within. The pattern is often characterized by a sharp price entering after intensive movement.

Wedge Chart Pattern: Forex Chart Pattern

The wedge graphical price model is a minor, short-term, trend continuation pattern that shows the previous direction will prevail in the future after its formation. As for the daily chart the pattern is generally formed within a week.