The daily chart shows several continuation patterns (dotted lines) that were brief interruptions in the downtrend.
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These are just two types of triangle formations that are considered to be continuation patterns.
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The daily RSI analysis can often be used to identify continuation patterns within the major trend.
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These examples of continuation patterns should help you become better able to recognize them as they are forming.
These triangles generally represent continuation patterns or pauses in a major trend.
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In examining both the weekly and daily patterns, these interruptions in the major trend have all had shapes that are typical of continuation patterns.
It is generally accepted that descending triangles are typically continuation patterns.
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According to some practitioners, the triangle is in the context of an overall bull market, triangle patterns are continuation patterns, and therefore the break should be on the upside.
Traditionally, this is a bearish continuation pattern, but wedges can appear at bottoms and act as reversal patterns as well.
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