Trend Continuation Patterns Part II

Chart patterns are specific price formations on a chart that predict future price movements. As technical analysis is based on the assumption that history repeats itself, popular chart patterns have shown that a specific price movement is following a particular formation of price (chart pattern) with high probability. Reversal patterns indicate a high probability that the existing trend has come to an end and that there is a good chance of the trend reversing direction. They give entry signals early in the formation of a new trend, making their entries quite lucrative, with fairly small protective stops. However, the trend might not reverse immediately and may enter a trading range instead.Reversal patterns can be as simple as atrendlinebreak or a little more complex like a Head & Shoulders pattern. Although reversal patterns often take a while to develop, once they are completed and the signal is generated you can find yourself on the front of a big move. What many traders enjoy about the Head & Shoulders pattern is the clear rules that follow entries and exits.The upcoming webinar is all about the Trend Reversal Chart Patterns by XtreamForex.Hurry Up and join!

Webinar time: 8:15PM GMT+5 (17/2/2021)