SuperForex-Lecture-9.1---Graphical-Patterns-Analysis-(Part-1).

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This lecture will be devoted to price patterns which determine the market, as well as the rules of pattern-matching.

It would be a mistake to suppose that any changes in trend dynamics can occur in a single moment.

A transition period is necessary for major changes on the market.

Transition periods and their analysis for market forecast bring us closer to the theme of price patterns.

First of all, let us define what those are.

Price patterns are figures or units which appear at the stock price or commodity assets’ charts.

These figures, or units, are divided into groups and can be used for market dynamics’ forecast.

All price patterns are divided into two big groups – reversal patterns and continuation patterns.

Judging by the name of the pattern, one first indicates that an important fracture is present in the trend dynamics.

The pattern of a continuing trend testifies that the market paused.

Probably the trend was developing too fast and was temporally overbought or oversold.

Then after an intermediate correction it will continue its movement in the previous direction.

The main point here is to distinguish one pattern from another; this should be done as soon as possible, during the pattern formation.

Read more of SuperForex’s Online Lecture Graphical Patterns Analysis (Part 1) here.

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