Continuation Pattern Trading | Continuation Chart Pattern | Price Action Trading
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in this video I'm going to explain about continuation pattern trading like flag pattern, pennant pattern and rectangle pattern .A continuation pattern in the financial markets is an indication that the price of a stock or other asset will continue to move in the same direction even after the continuation pattern completes. There are several continuation patterns that technical analysts use as signals that the price trend will continue.
flag pattern : A flag pattern is a term you will come across in technical analysis. It is a pattern that forms whenever there is a sharp rise or drop which is followed by a constricted price range trading, and then finally completed by another sharp rise or decline.
The pattern is considered complete when the second sharp movement of price maintains the same direction as the first move, which kickstarted the trend, as mentioned above. Flag patterns are short-term patterns lasting some weeks
pennant pattern : A Pennant pattern is a continuation chart pattern, seen when a security moves a large upward or downward movement, followed by a small consolidation, before continuing to move in the same direction. The pattern looks like a small symmetrical triangle called a Pennant, which is made up of numerous forex candlesticks. Depending on the direction of the movement, Pennant patterns are usually described as being bearish or bullish.
rectangle pattern : A rectangle is a pattern that occurs on price charts. A rectangle is formed when the price reaches the same horizontal support and resistance levels multiple times. The price is confined to moving between the two horizontal levels, creating a rectangle.
DISCLAIMER : this video is only for information and education purpose . investing and trading in security market is subject to market risk . it is very important to do your own analysis and research before making any investment and trading based on your own personal circumstances. you should take independent financial advice from your personal finance advisor.
what you learn from this video;
1. how to trade continuation pattern ?
2. how to trade flag pattern ?
3. how to trade pennant pattern ?
4. how to trade rectangle pattern ?
#chartpatterns #priceaction #trading #technicalanalysis