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The ascending broadening wedge consists of an upward sloping resistance line and a horizontal support line, and the opposite for the descending broadening wedge.
An ascending triangle is a bullish futures pattern that can indicate a breakout in the upwards direction.
An cup and handle is a bullish continuation pattern which can mark a pause in an uptrend before it continues.
Resistance is tested in a unique way in this pattern, and it can be helpful to watch how the handle is formed.
A diamond bottom is a bullish reversal pattern that can mark the beginning of an upward trend. Since it is a bullish reversal pattern, a diamond bottom can indicate that a stready downtrend is about to reverse and one could long the market. A Diamond Top is a bearish reversal pattern that can mark the beginning of a downward trend. Since it is a bearish reversal pattern, a diamond top can indicate that a stready uptrend is about to reverse and one could short the market.
A Double Bottom is a reversal pattern that occurs at the peak (eve on the chart to the right) of a downward trend and can mark the beginning of an upward trend.


A double top is a reversal pattern that occurs at the peak (eve on the chart to the right) of an upward trend and can mark the beginning of a downward trend. To be sure that this is indeed a falling wedge and a reversal is about to happen, watch volume, as it should be increasing. Go to page two of the Futures Trading Chart Patterns Advanced Futures Trading educational material.
The descending broadening wedge is a bullish reversal pattern formed by two diverging downward slants. One possible rule of thumb is that the handle can comprise about one third of the movement of the cup portion of the pattern. To confirm an descending broadening wedge, there must have oscillation between the two lines. Broadening wedge is a very powerful reversal trading pattern and we will expect price to break upwards the upper trend line. Volumes tend to increase during the formation of the pattern and are at their maximum when prices break through the pattern.
You can also go to Page Two of the chart patterns advanced futures trader educational material.


When once again the bottom of the pattern isn't broken, the sellers begin to back off, leading the buyers to dominate and send the trend upward.
When once again the top of the pattern isn't broken, The buyers begin to back off, leading the sellers to dominate and send the trend downward. Indeed, the pattern looks like a bearish channel on which the slope of the resistance is getting straight as far as the movement continues. These chart patterns can be reversal or continuation patterns, but in 70% of cases, an ascending broadening wedge suggests a reversal of forex prices.
This is not as common but it is important to be aware of all the potential movements when using chart patterns.
In this pattern, the trend is bearish but sellers are struggling to keep control.The target price is given by the lowest point that resulted in the formation of the wedge. It can also be analyzed as a channel pattern, and in that case we will draw a trend line at the downswings and enter a long trade when price touches and bounces on it.



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15.11.2015 | Author: admin



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