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Forex chart patterns fall into three categories — reversal, continuation and bilateral. While continuation patterns signal that the prevailing trend line will resume, reversal patterns signal ...
Wedges are generally considered a neutral pattern by technical analysts because they can be either a continuation or a reversal pattern depending on whether the wedge moves in the direction of the ...
Rectangle patterns tend to be both reversal and continuation patterns. This classic setup begins with price moving sideways between parallel support and resistance levels, forming a clear trading ...
When a price pattern signals a change in trend direction, it is known as a reversal pattern. A continuation pattern forecasts that the trend will continue in its existing direction, possibly after ...
A reversal pattern usually signals that a prior trend will reverse upon completion of the pattern, while a continuation pattern most often signals that the trend will continue once the pattern is ...
Wedges Wedges indicate potential continuation or reversal, depending on context. Rising wedges suggest bearish reversals, while falling wedges indicate bullish reversals. Both patterns feature ...
These patterns fall into two categories: reversal patterns (signaling a potential change in direction) and continuation patterns (suggesting a trend will continue). A doji forms when the open and ...
signaling a bullish reversal. Triangles (Ascending, Descending, Symmetrical) Triangle patterns, which include ascending, descending, and symmetrical triangles, are continuation patterns that can ...
Key Takeaways Bitcoin and Ethereum led the market with strong breakouts, holding key support levels into June. Dogecoin and ...