what is a forex pattern?
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Xe Currency Converter. These are the highest points the exchange rate has been at in the last 30 and day periods. These are the lowest points the exchange rate has been at in the last 30 and day periods. These are the average exchange rates of these two currencies for the last 30 and 90 days.

What is a forex pattern? why is silver price rising

What is a forex pattern?

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Forex chart patterns are a collection of historical patterns in price behavior for a particular currency pair. Chart patterns seem tricky, lots of retail investors like to complicate their trading screens with extremely colorful lines and annotations, It's almost like a competition to see who's trading screen can look the busiest In reality, they are very simple and not as essential as you may think they are!

Learn what forex chart patterns are, how they work, and how professional forex traders use them. Forex Chart Patterns Explained? How do Forex Chart Patterns Work? Best Forex Chart Patterns. What It Means for Retail Investors. To understand forex chart patterns, forex traders must first grasp the idea of price charts.

Any analyst, retail trader, or market watcher will use price charts to measure historical price changes of a particular currency exchange rate. Forex price charts depict historical behavior across lots of different time frames and measures the movement between the two forex pairs, charts allow traders to essentially look into the past and according to technical analysts, this past behavior can be an insight into what the asset may do next.

Forex chart patterns are normally seen in historical data, analysts find these technical indicators and if the pattern has repeated itself multiple times with the same outcome in the historical data a trader will try to predict when this pattern will emerge again and then enter a position based on this historical data. There are many simple methods for spotting these patterns, it is called technical analysis, traders use indicators like the Relative Strength Index RSI or an Average True Range Calculator ATR to try and determine what markets are doing, they also use Fibonacci and trend analysis as some of the most common patterns of movement shown on price charts.

The act of reading these price charts using all these strategies to determine a pair's future movement is called technical analysis. All traders professional or retail use technical analysis as a way of determining the validity of a trade, however, they use this analysis in very different ways We will explore this further later on in the article but for now, let's take a look at the essential patterns every trader knows and uses regularly.

Reversal patterns are those chart formations that signal that the ongoing trend is about to change course. These patterns include, but are not limited to, the head and shoulders pattern, reverse head and shoulders, rising wedge pattern, falling wedge pattern the double bottom pattern, and last but not least the double top pattern.

Continuation chart patterns are those chart formations that signal that the ongoing trend will resume, wedges can be considered either reversal or continuation patterns depending on the trend on which they form. Examples of Continuation patterns include Bull flag patterns; Bearish flag patterns; Bullish Pennants; Bearish Pennants; Falling wedge patterns ; and Rising wedge patterns.

The best Bilateral chart patterns to use are the ascending triangle chart patterns, the descending triangle chart patterns, and the Symmetric triangle chart patterns. Some other chart patterns that we haven't shown you may be familiar with are Different candle Doji patterns which you can read more about here!

By themselves, forex chart patterns do not work well at predicting the forex price chart. A common misconception with chart patterns and technical analysis is that it is a reliable way of predicting market moves. Whilst they are still used by professionals - it is not for the same reason as retail traders and this is why we see consistent growth from. The Professionals and not so much from the retail traders.

Technical analysis and chart patterns use purely historical data to predict future market moves, they do not take into account current economic or political conditions of either of the two economies involved in the forex pair. Indicators like unemployment rates, interest rates, home building, and consumer confidence all have a huge effect on currency and cannot be predicted by technical analysis. Positions in the trend direction, prevailing before the pattern started developing, are safer and are more often to reach the target profit.

You should put stop orders not only beyond the local lows or highs, but it also good to place them beyond the support and resistance levels of the formation, in case of false breakouts of the lines. In the common technical analysis, the Diamond is classified as a reversal pattern, and it is often a distorted modification of the Head and Shoulders pattern. You enter a sell trade when the price, having passed down through the pattern support line, reaches or breaks through the local low, followed by the support breakout Sell zone.

The target profit is set at the distance equal to or shorter than the width of the biggest wave inside the pattern Profit zone. A reasonable stop loss here will be at the local high, preceding the support line breakout stop zone. There are some simple rules that will help you trade the Diamond pattern more efficiently and avoid common mistakes:. The pattern can seldom result in the trend continuation. The most productive is the pattern, whose biggest wave is formed by a single candlestick, and the high and the low are the candlestick shadows.

A spike is a comparatively large upward or downward movement of a price in a short period of time. The pattern usually emerges, following the state balance between supply and demand in the market. The patterns starts emerging when a sharp local trend ends; the movements start slowing down and there occurs a sharp surge in volume in a thin market.

This volume is instantly offset. At this point, there are two likely scenarios. First, buyer or seller, who was trying to break the flat, can just remove the volume form the market and the price will go back. Second, a bigger trade volume in the opposite direction is put against the volume of the first trader and returns the price to the former levels.

You might enter a sell trade when the price goes out of the sideways trend after the major pattern works out Sell zone. A reasonable stop loss can be put a little higher than the local highs of the sideways trend, marked before and after the spike Stop zone.

There is a number of rules that will help you trade the Diamond pattern more efficiently and avoid common mistakes:. The candlestick is called volume candle because it emerges when there are large trade volumes in the opposite directions in the market. You can seldom come across the pattern in the classical technical analysis, as it was discovered as early as in the s, and is hardly remembered nowadays. According to the pattern, you can enter trades in either direction, mostly by means of pending orders Buy Stop and Sell Stop.

You open a sell position when the price reaches or goes lower than the local low of the volume candlestick Sell zone 2. Target profit is put at the distance shorter than or equal to the distance between the candlestick open price and its low Profit zone 2. A stop loss in this case can be set at the local high of the volume candle Stop zone 2. You enter a buy trade when the price reaches or exceeds the local high of the volume candlestick Buy zone 1.

Target profit is put at the distance shorter than or equal to the distance between the candlestick close price and its high Profit zone 1. A reasonable stop loss can be set at the local low of the volume candle Stop zone 2. There is a number of rules that will help you trade the pattern more efficiently and avoid common mistakes:. The candlestick body should be at least tenfold less than its total length from the low to the high. The Tower pattern is commonly referred to as a reversal pattern and most often emerges at the end of a trend.

The Tower pattern, as a rule, consists of one big trend candlestick, followed by a series of corrective bars, having roughly equally-sized bodies. After a series of corrective candlesticks is completed, there is a sharp movement via one or two bars in the direction, opposite to the first trend candlestick.

You put a sell entry when there starts emerging bar 5 and all the next bars of the correction Sell zone. A stop loss may be set at little higher than the local highs of the sideways corrective movement Stop zone. What should I add? In the picture, there is one of the ways, how pattern can develop. Perfectly, the pattern should consist of bars 1 candle of the trend, 4 bars of the correction, and 1 bar of the work-out.

The pattern usually works out via the fifth corrective bar, but there are some Towers that include more corrective bars. In this case, you stick to the general rules and enter the working out via the fifth bar. The pattern is a candlestick formation that consists of 4 candlesticks; when you switch to a shorter timeframe, it can often look like a Flag pattern.

The Three Crow pattern is commonly classified as a continuation pattern; therefore, it is often a kind the zigzag correction. The pattern usually comprises one big trend candlestick, followed by three corrective candles with strictly equal bodies.

The candles must be arranged in the direction of the prevailing trend and be of the same colour. After the series of corrective candles is completed, the market explodes via one or two long candlesticks in the direction of the prevailing trend, indicated by the first candlestick of the pattern. You open a buy position, when the third candle of the correction closes and the fourth one opens Buy zone.

Target profit can be put in two ways. The common rule suggests you set target profit at the distance that is less than or equal to the length of the first candlestick in the pattern trend candlestick Profit zone 2. The second way suggests you take the profit when the price reaches the level of the longest upper tail of any candlestick in the pattern Profit zone 1.

A reasonable stop loss in this case can be put at the local low of the correction candle 3 Stop zone. The first candlestick leg cannot consist of more than 2 candles; it is perfect, if there is only one candle, of course. The pattern consists of 4 candles, and it often looks like a sideways trend, flat, in the shorter timeframe. The Cube pattern consists, as a rule, of 4 consecutive candlesticks of equal size and alternating colors.

It is quite simple to trade the pattern: when candlestick 5 opens, following four consecutive ones of equal size, you enter a trade, based on the colour of the first candlestick in the pattern. If it is red black , you enter a sell; if it is green white , you enter a buy. You put a sell order when there opens candlestick 5, following four candles of the cube Sell zone. Target profit can be put at the distance that is not longer than the trend, prevailing in the market before the pattern emerged Profit zone.

The pattern is a candlestick formation that consists of two or more candlesticks, which have long equal tails wicks. The Tweezers formation is commonly thought to be a reversal pattern that most often appears when the trend ends. A Tweezers pattern usually consists of two or more candles, whose tails are at the same level. Tweezers, made of two candles, are the most often. The formation is a common reversal pattern and emerges quite often in the market; therefore it strongly depends on the timeframe where it is identified.

You enter a sell trade when the last candlestick of the pattern it is usually the second one is completed, and a new candlestick starts constructing Sell zone. Target profit is placed at the distance, not longer than one of the tails wicks of the candles, comprising the pattern Sell zone. A reasonable stop loss may be put a few pips above the local highs, marked by the candles, constructing the pattern Stop zone.

The strategy is based on the idea that there are two types of price gaps in the modern market. The first one usually happens when there is a break in trading on an exchange; the second one results from fundamental factors, affecting the market. This methodology suggests exploiting the second type of gaps, that is, the gaps, emerging during trading sessions. Statistically, it is thought that most of the instruments that gap at the opening often move back towards the previous levels before trading resumes in the usual mode.

In other words, the price gap is seen not as the emerging of the new trend, but rather as a short-term response of the speculators to a certain event that is likely to be instantly played by the market. You open a buy position after the first candlestick, following the price gap, opens Buy zone. A stop loss can be put at the distance, equal to or longer than the gap in the direction, opposite to your entry Stop zone.

The formation is a rather rare proprietary pattern, but it often works out successfully. The Mount pattern is commonly thought to be a reversal patter, unlike the Three Crows that is a continuation one. The Mount pattern usually consists of one long trending candlestick, followed by three little candles of the same color as the main candlestick; that is the signal the continuation of the trend, indicated by the big candle. The little candles usually have the bodies of equal sizes.

The candles must follow each other, sloped in the direction of the main trend. After the series of small candles is completed, there is a sharp price jump via one or two candles in the direction, opposite to the first candlestick in the pattern. You enter a sell trade when there is emerging the first candlestick, following the three little ones Sell zone.

Target profit is placed at the distance that is not longer than the total length of the three little candles and one big candlestick of the prevailing trend Profit zone. A reasonable stop loss here is set a few pips above the local high of the longest candlestick in the pattern Stop zone. What can I add? There are a few rules, following which you will trade the pattern more efficiently and avoid common mistakes:.

The pattern represents two trends that are basically corrective to each other. The trends are usually of equal length and time of developing. The trends are most often displayed like two clear price channels. Trading the pattern is based on the idea that the trend, prevailing before the channels started developing, will be resumed by the price once the channels are completed. In the classical analysis, the formation is a reversal pattern; but, because it is often very big, it is rather an independent trend than a part of some other one.

You open a buy position when the price breaks through the resistance line of the second channel and reaches the local high, preceding the breakout Buy zone. Target profit may be taken when the price covers the distance equal to or shorter than the trend, prevailing before the first channel started emerging Profit zone.

The pattern represents one of the main trend scenarios in technical analysis. It consists of three momentums, followed by the market reversal and the correction, once they are completed. The pattern is traded according to one of the basic concepts of the trend reversal.

If the trend is formed by two stairs, as it is displayed in the picture below, the pattern is thought to be complete. In this case, you need to expect the first stage of the trend reversal that starts when the global trendline is broken through the support line. The formation is rather a way to trade the price channel than an independent pattern of technical analysis. It is classified as a pattern because it steadily works out and is quite efficient.

The pattern looks like a common sideways channel that is often sloped. You draw a hypothetical line that divides the channel into two equal parts and expect the movement that will rebound from this line, rather than break it through as a common wave. The target profit can be taken when the price covers the distance that is shorter than or equal to the breadth of the broken channel Profit zone.

A stop loss can be placed a few pips below the last local low inside the broken out channel, Stop zone. This pattern of channel breakout is quite simple and often occurs; but it is difficult to identify it, as it most often emerges in short timeframes. When you set stop losses, you should take market noise factor into consideration; therefore, you shouldn't enter the trades where stop loss and take profit are less than the average market noise for the instrument traded.

However, the longer is the timeframe, where you are looking for a pattern, the more likely is the pattern to work out. Nowadays, there are over a hundred of patterns, officially described and recorded in the register of technical analysis; and the new ones appear every day.

You may have discovered a new pattern that will yield you profits. Have you discovered a new pattern, or just liked the article? Do share your observations or just write your questions or comments in the section below. I recommend trying to trade with a reliable broker here. The system allows you to trade by yourself or copy successful traders from all across the globe. Almost every book on Forex will describe Forex chart patterns, but few are those who can interpret them correctly.

The most important thing to understand is that all patterns are subdivided into candlestick patterns and chart patterns. When we deal with a candlestick pattern, we read it based on the candles bars that form it. We examine the chart in close-up.

When we deal with a chart pattern, we need to look at it "from a distance" or switch to a linear chart. Thus, you'll see the whole pattern and will be able to identify it. There exist over candlestick bar patterns and 80 chart patterns approximately.

Most of those patterns aren't efficient. A pattern is a mere regularity that occurs from time to time. Every new pattern is the fruit of its author's imagination. Still, there are patterns discovered at the very beginning of the technical analysis era. They are the most efficient ones as traders have already tested them a million times.

There aren't many, just twenty of them. Most of them have been described in detail in this article. There are three basic types of patterns: 1. Trend continuation patterns. After such a pattern forms, the price continues moving in the direction of the previous trend. Trend reversal patterns. After such a pattern forms, the price moves in the opposite direction of the previous trend. Bilateral patterns. After such a pattern forms, the price can continue moving in either direction.

A good example of a bilateral pattern is a wedge, or a broadening formation. There is one significant distinction between candlestick patterns and chart patterns. Candlestick patterns become more tradable on bigger time frames while their efficiency drops on small time frames. To read a candlestick pattern correctly, you need to look at it in close-up.

You'll be thus able to see all the elements better. Then, you need to see if there was a trend before the pattern formed. All candlestick patterns are tradable only when they appear at the beginning or the end of a trend. Any pattern is an independent trading system. Like any other integral system, it doesn't tolerate modifications and assumptions. If you've found and assessed a pattern and you are ready to trade it, forget about the rest. Forget about any news, events, trends, and the like.

Until you close the trade indicated by that pattern, don't look for other trading opportunities. A falling wedge is a good example of a bilateral pattern. The previous trend is as likely to continue as it is likely to reverse. That is why it's one of the few patterns traded during its formation and not after. It looks very much like a triangle directed downwards in the direction of the trend. The main difference between a wedge and a triangle is that a wedge is an independent trend, while a triangle is an ending point of a trend.

Candlesticks became a convenient visual tool after computer charts appeared. As the first charts were daily ones, candlestick patterns, used more often, were daily too. The most popular and efficient stock chart patterns are Stars. That is a category of patterns that predict a market reversal.

They most often consist of two daily candles. A reversal pattern is a pattern followed by a trend shift. As traders' most popular task is to identify the point of a trend shift, reversal patterns are more numerous than any others. Head and Shoulders is a typical example of a reversal chart pattern. The most popular reversal candlestick pattern is Engulfing. The first and the most efficient patterns appeared exactly in the stock market on the only then existing time frame — the daily chart.

Even now, when intraday trading is growing more popular, it's on bigger time frames that patterns prove to be the most efficient. When it comes to trading rules, every pattern has its own ones. Applying common rules to a specific pattern would be a mistake. Full-time trader and asset manager. A teacher with 8 years of experience and the author's methodology. Home Blog Professionals Most efficient Forex patterns: a complete guide. How many Forex patterns exist there? How many types of Forex chart patterns exist there?

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Double Bottom. Square Root. Ascending Triangle. Descending Triangle. Symmetrical Triangle. Engulfing Pattern. Rising Wedges. Falling Wedges. Pros and Cons of Forex Chart Patterns. Pros of Chart Patterns. Cons of Chart Patterns. Final Thoughts.

Developing the skill to recognize the major patterns in real time can give you a trading edge or improve your profitability as an extra tool in your trading toolbox. I will explain in this article how to read Forex chart patterns and candle formations and the best way to identify opportunities within any single time frame. I will begin by answering some basic questions about what Forex chart patterns are, although these patterns can occur in all speculative markets and not just in Forex.

Mauricio Carrillo Palacio. Mauricio is a financial journalist and trader with over ten years of experience in stocks, forex, commodities, and cryptocurrencies. He has a B. The falling wedge pattern forms when the market makes lower highs and lower lows within a shrinking range that slants downward. As the price moves to the downside, the two trendlines that connect the highs and the lows will eventually converge. This suggests continuation if the trend is up, or reversal if the trend is down.

Often, after a new high is reached, the market will enter a period of consolidation. The falling wedge forms when this temporary decrease happens in a rather aggressive manner but loses its momentum before it threatens the trend. When people see that the consolidation is about to end, they begin buying at the discounted price, which results in the quick price jump at the end of the pattern AKA the breakout. A falling wedge in a downtrend occurs after a severe price drop.

It signals an intensifying buying pressure, which is not surprising, as the price at this point is heavily depressed. When the supply finally dries up, invigorated buyers lift the price, providing you with a chance to catch a market reversal. It forms when the price quickly shoots up and then begins consolidating.

The advance is expected to continue after the consolidation. The first part of the pattern is the flagpole, which is a huge advance that breaks through a previous resistance level. This huge advance is usually triggered by a news event. Following the advance, the price goes through a consolidation phase that looks like a flag — hence, the name of the pattern.

The flag consists of two parallel trendlines that point slightly down and retraces a small portion of the trend. Note that if the retracement is too substantial, the flag is invalidated, as a reversal becomes increasingly likely. When the price breaks out from the flag to the upside, the pattern is finished.

This indicates that the market is about to make another impulse move in the trend direction. The bearish flag is a continuation pattern just like its bullish counterpart. It forms when the price tumbles and then embarks on a modest rise.

The selloff is expected to continue after the consolidation. A bearish flag pattern has the same components as its bullish counterpart. However, everything points in the opposite direction. The market experiences a negative surprise shock, which results in a sharp decline. This is the flagpole. Following this decline, the price goes through a consolidation phase consisting of two parallel trendlines that point slightly upward.

This is the flag itself. The flag must retrace only a small portion of the trend, as an extended consolidation might lead to a reversal. The pattern is finished when the price breaks out from the flag to the downside. Warning: Flag patterns can be quite dangerous due to the heightened volatility. Plus, they tend to be paired with unfavorable market conditions: slippage and wide spreads.

Be very cautious if you decide to trade them. The bullish pennant looks like a short triangle bounded by two converging trend lines. It occurs in advancing markets and hints at a price move in the direction of the prior trend leg. After the upward move, buyers pause to catch their breath and the market begins consolidating. This is where the difference lies between the two patterns. In the case of bullish pennants, the consolidation phase shows a less intensive effort to reverse the trend.

Remember that flags usually form in high-volatility situations such as news releases. Traders often overreact to positive news; thus, the price jump is quickly met with aggressive short selling. The great thing with pennants — at least from our experience — is that you can often catch the breakout from the pattern. This is because, from the higher chart perspective, the pennant is often a simple impulse move toward the trend.

Unfortunately, the drawback is that trading pennants can be quite frustrating. When you trade flags, you will be less likely to catch the breakout. That said, if you do catch it, you can often capture the entire rally that comes. The bearish pennant is also characterized by a triangle-like appearance and two converging trend lines. However, unlike its bullish version, it occurs in declining markets and suggests further weakness. After a sharp decrease, the price moves sideways in a narrowing price range resembling a triangular flag.

When the price breaks out to the downside, you can expect the continuation of the trend. The bearish flag, for instance, has a more intense consolidation where buyers substantially push up the price. When looking at the bearish pennant, you can feel the accumulating selling pressure. The ascending triangle is a bullish formation consisting of a horizontal top and an up-sloping bottom. It forms when the uptrend is struggling with resistance but eventually breaks through, suggesting continuation.

From time to time, each uptrend reaches an area where the selling pressure overcomes demand. Perhaps the price is near the yearly high and traders begin taking profits. Or perhaps a large hedge fund decided to reduce its holdings. For whatever reason, the price bumps into resistance and starts declining. The decline is quickly met by increased demand as buyers view the lower price as a steal.

The renewed buying pressure reverses the decline, and the price climbs back to the same level. At this higher price, however, more traders become willing to sell, forcing it down again. This situation repeats itself for some time. You might notice that each fall stops at a higher low.

Buyers gain more control as the price runs up to the resistance level and, eventually, a breakout occurs. This is expected to be followed by a significant increase in price. The descending triangle is just the bearish equivalent of the ascending triangle. It consists of a horizontal trend line drawn across the lows and an up-sloping trend line connecting the highs.

Prices much higher than that threshold are overvalued and prices much lower are undervalued. If the current price is higher than 1. The sudden demand at the 1. Nevertheless, if sellers are strong, the increase will quickly be suppressed and the price will fall back to the support.

This is what happens in the case of the descending triangle. Once the price has fallen back to support, buyers push it higher again just to see it tumble shortly after. By looking at the pattern, you can see that every attempt to lift the price is stopped at a lower high.

This is a great indication of waning enthusiasm and growing selling pressure. The price is pushing into the support until it fails to hold, which marks the completion of the pattern. Rectangles are very versatile patterns that occur when the price is bouncing between two parallel support and resistance levels.

You must pay close attention to these patterns because you never know if they will be bullish or bearish until the breakout. Bullish rectangles occur when the breakout is to the upside. This signals continuation if the trend is up and reversal if the trend is down. When the price has been increasing for a while, the people who bought the currency pair at the beginning of the trend will eventually begin taking profits.

This will create an increased supply at a particular level, as these people must sell their position to reap the returns. This selling creates the resistance level that you can see at the top of the bullish rectangle. Once selling sends the market down, other traders will take it as an opportunity to buy at a cheaper price.

This means a higher demand at a particular level. Consequently, a support level emerges, forming the bottom of the rectangle. Now the market is stuck between these two levels: support at the bottom and resistance at the top. Sellers who think the trend is over will stop the price from moving above the resistance. When a breakout occurs to the upside, the market tells you that the profit-taking is done and short-sellers were unable to hold the resistance.

The odds now shift in favor of trend continuation. This is what the bullish rectangle signals in an uptrend. In this case, the rectangle is preceded by a falling market, which begins consolidating upon hitting support. The price starts bouncing between two levels: the support zone at the bottom and a newly established resistance at the top. The bearish rectangle is identical to the bullish rectangle except that the breakout is to the downside.

Like the bullish version, it can signal both continuation and reversal. If the trend is up, the bearish rectangle acts as a reversal pattern. If the trend is down, it acts as a continuation pattern. Around this area, the power of sellers and buyers becomes nearly equal.

As a result, the price moves in a tight trading range, bounded by a resistance level at the top and a support level at the bottom. Sellers take control after some time and the pattern completes with a downside breakout. This is the distinguishing feature of the bearish rectangle pattern. Consolidation in the uptrend followed by breakout to the downside signaling the reversal of the trend. The price falls in a strong downtrend and then starts to consolidate between support and resistance levels.

This up-down struggle continues for a while and the pattern begins to exhibit the shape of a rectangle, from which it gets its name. Eventually, buyers run out of ammunition. The selling overwhelms demand, and the price begins falling once again. When it breaks through the support level, the bearish rectangle is complete and signals continuation of the trend.

However, you must make sure that you are using forex chart patterns not only to generate trades but also to turn those trades into income. This guide helps you figure out how to leverage different forex chart patterns. Then, you must create your own rules regarding the risks you take, the currency pairs you trade, the timeframes you follow, and so on.

Once you know which chart patterns you like, you can perform backtesting to understand them even better and figure out the best way to trade them. Consider the suggestions you have read in this guide and download our free forex chart patterns cheat sheet. The guide is structured as follows: First, we explain the notion of forex chart patterns: What is a forex chart pattern?

Why do chart patterns occur? Are chart patterns reliable? How do you use chart patterns in forex? Typical suggestion. Short description. Double top. End of an uptrend. A pattern consisting of two peaks that are located at roughly similar levels.

Double bottom. End of a downtrend. A pattern consisting of two bottoms that are located at roughly similar levels. Head and shoulders. A pattern consisting of three peaks, with the middle peak being taller than the others. Inverse head and shoulders. A pattern consisting of three valleys, with the middle valley being lower than the others. Rising wedge. End of an uptrend or continuation of a downtrend. Falling wedge.

End of a downtrend or continuation of an uptrend. Bullish flag. Continuation of an uptrend. Bearish flag. Continuation of a downtrend. Bullish pennant. A pattern consisting of two converging trend lines. Bearish pennant.

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The Best Candlestick Patterns to Profit in Forex and binary - For Beginners

Forex chart patterns are. ketor.xyz › post › forex-chart-patterns. Forex chart patterns, which include the head and shoulders as well as triangles, provide entries, stops and profit targets in a pattern that can be easily seen.