Ascending triangle consists of horizontal resistance and ascending support trendline. This forex pattern  signalises decreasing success of bears to push the price down, while the bulls manage to reach previous high with each swing. Ascending triangle signalises that be...

Two converging trendlines create triangle. Symmetrical triangle as forex pattern, traps price between its boundaries. Even through it is considered to be mainly a continuation formation, breakouts to both direction are almost equally likely. Triangle is one of those pa...

Double top is one of the most researched and used forex pattern that you can find in your chart. Its simplicity makes it easy to find it and leaves a little room for hesitation. This forex pattern signalises that the attempt to continue in uptrend failed, therefore rev...

Wedge is considered to be reversal pattern in forex. Trend captured within its boundaries is more likely to reverse. Wedges can therefore confirm trend continuation or mark its reversal, depending on the slope of its trendlines and patterns size.

About wedge forex patte...

Pennants are continuation forex patterns that can be often times mistaken for either triangle forex pattern or flag pattern. Unlike the triangle, pennants are relatively flat and they signalise that trend continuation is more likely. They share similar properties with...

Flag is a sloping rectangle shaped pattern used for continuation trading in forex. It is formed with two parallel trendlines forming horizontal tunnel.

About flag pattern in forex

Flags are continuation patterns, found in the major trend. They signalise that the correcti...

Forex chart patterns can be divided into the three main categories: Reversal, continuation and bilateral.  Each one of them, can be used according to market conditions, together with forex indicators or trendlines. It is up to trader to couple the chart pattern with ot...

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