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Trend Continuation Patterns

If you look at the chart with a strongly pronounced trend you can see places where the price has consolidated during its movements forming the same type of figures. These formations are trend continuation patterns which are often used by traders for making decisions. Trend continuation patterns are formed during the pause in the current market trends, and mark rather the movement continuation than its reversal.
By contrast with the model of trend reversal, the figures are often formed at shorter time intervals.

  • Ascending Triangle: Forex Chart Pattern

    The Ascending triangle is a trend continuation pattern typically formed in an uptrend that serves for existing direction confirmation.

  • Descending Triangle: Forex Chart Pattern

    The Descending triangle is a trend continuation pattern typically formed in a downtrend that serves for existing direction confirmation.

  • Symmetrical Triangle: Forex Chart Pattern

    The Symmetric triangle is considered a trend continuation pattern and may be formed in both uptrends and downtrends. The direction of the trend preceding the pattern’s appearance is confirmed in case of its occurrence on the chart.

  • Rectangle Pattern (Bullish): Forex Chart Pattern

    The rectangle graphical price pattern serves for existing trend confirmation. The bullish version is usually formed in an uptrend and signals the trend’s direction will prevail after its occurrence on the chart.

  • Rectangle Pattern (Bearish): Forex Chart Pattern

    The rectangle graphical price pattern serves for existing trend confirmation. The bearish version is usually formed in a downtrend and signals the trend’s direction will prevail after its occurrence on the chart.

  • Flag Chart Pattern: Forex Chart Pattern

    The flag graphical price model is a minor, short-term, trend continuation pattern that shows the previous direction will prevail in the future after its formation. As for the daily chart the pattern is generally formed within a week.

  • Pennant Chart Pattern: Forex Chart Pattern

    The pennant graphical price model is a minor, short-term, trend continuation pattern that shows the previous direction will prevail in the future after its formation. As for the daily chart the pattern is generally formed within a week.

  • Wedge Chart Pattern: Forex Chart Pattern

    The wedge graphical price model is a minor, short-term, trend continuation pattern that shows the previous direction will prevail in the future after its formation. As for the daily chart the pattern is generally formed within a week.