SuperForex-Lecture-9.2---Graphical-Patterns-Analysis-(Part-2).

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  1. What is the criterion for the completion of triangle formation?
  2. What is the difference between the pennon and the flag?
  3. What are the trading rules for triangles?
  4. What is the signal for position opening during the pennon and flag patterns’ formation?

The graphical configurations we would look into are called continuation patterns.

Such models usually mean that the period of price stagnation reflected on the chart is not more than a pause in the trend development, and the trend direction will be the same afterwards.

This is the major difference between reversal patterns, which reflect the fracture of the main trend, and continuation ones.

Another criterion of difference between the reversal and continuation models is the duration of its formation.

More time is spent for the formation of the former which show cardinal changes in price dynamics.

Continuation models are short-term patterns.

They should be correctly called intermediate.

Read more of SuperForex’s Online Lecture Graphical Patterns Analysis (Part 2) here.

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