Continuation Patterns
Submitted by administrator on Mon, 2006-01-09 17:20.
In addition to a dominating number of reversal patterns there are continuation patterns. A continuation pattern is one in which the market should continue the same trend as that in force before the continuation pattern. For example, a continuation pattern following a rally means that the trend remains up and we should expect the rally to remain in force. Many continuation patterns imply a time of rest before the market resumes its prior trend.

