Tags Posts tagged with "Flags"

Flags

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The following cheat sheet will help you to identify the most common technical patterns that appear in forex charts. Click each heading for more information.

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Trend reversals are often led by double top or double bottom chart patterns. If the reversal fails it can lead to a double top/bottom breakout.

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The flag pattern is closely related to the pennant. It’s a continuation pattern that tends to indicate that a trend is pausing rather than reversing.

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Pennants are usually a reliable indication that a trend is set for a new leg. In other words they serve as good continuation signals.