Continuation or Reversal Pattern

Discussion in 'Technical Analysis' started by sh50, Oct 5, 2004.

  1. sh50

    sh50 Active Member

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    I read that one should be vary when Ascending Trinagle appears at the end of a bullish cycle and Descending at the end of a bearish cycle. To spot this, one has to look at the weekly/monthly charts I suppose. I remember reading something like that about Head and Shoulders as well.

    Is this true for all area patterns or only particular patterns. Traderji, kindly specify.
     
  2. Traderji

    Traderji Super Moderator

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    You cannot generalise it this way.
     
  3. sh50

    sh50 Active Member

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    Ok, lets be specific.

    Triangles, wedges, head and shoulders, double and triple tops, divergences have both got their opposites.

    Rectangles and Symmetrical triangles can go either way so one has to be careful anyway.

    That leaves only Falgs and Penants. Only you can guide Traderji.
     
  4. sudoku1

    sudoku1 Well-Known Member

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    just relying on patterns can b dangerous too !!!
    one has 2 also keep a constant watch on moving averages as well !!;)
     
  5. alex_26

    alex_26 Member

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    Wedge Pattern:
     
    Last edited: Feb 9, 2014
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