The GBP/AUD is most likely in a wave 4 (purple) pattern. This remains true even if a bullish breakout occurs above the resistance (orange lines) and the 144 ema close (blue). In this case, price is ...

A bear flag pattern is a powerful technical setup used by traders to identify potential opportunities in a down-trending market. Recognizing and effectively trading this pattern can be instrumental in ...

In technical analysis, a flag pattern indicates short-term price movements inside a parallelogram coounter to the previous long-term trend. Traditional analysts view flags as potential trend ...

What are bull and bear flag patterns? Bull and bear flag formations are price patterns which occur frequently across varying time frames in financial markets. These patterns are considered ...

As I mentioned in a recent Charts in Play, flag formations are one of my favorite chart patterns to trade. These triangles generally represent continuation patterns or pauses in a major trend.

The triangle pattern is believed to be one of the most reliable & popular because its post pattern implications are faster than others. In the study of technical analysis, triangles fall under the ...

- A pennant has to have less than thirty price candles. Over thirty and the pattern is considered a triangle. - A pennant has to be preceded by a strong steep up move or down move that resembles a ...

As you navigate the complexities of the foreign exchange market, understanding chart patterns like the ascending triangle can elevate your currency trading game to new heights. This comprehensive ...