Technical Analysis of Continuation Chart Patterns
When these continuation stock indices patterns are formed on the indices charts they confirm that the current Indices trend is going to continue heading in same direction.
These continuation indices patterns are used by stock indices traders to identify half way points of the indices trend, this is because they form at halfway point of a stock indices trend.
There are four types of technical analysis for continuation stock indices trading chart patterns:
- Ascending triangle Continuation Pattern Technical Analysis
- Descending triangle Continuation Pattern Technical Analysis
- Bull flag Continuation Pattern Technical Analysis
- Bear flag Continuation Pattern Technical Analysis
Stock Indices Technical Analysis
The ascending triangle stock indices pattern is formed in an upward indices trend & it shows that upwards stock indices market direction of the market is going to continue.
Found within a Indices Trading upwards trend, the ascending triangle pattern forms as a consolidation period within up trend and indicates upside continuation will follow.
Ascending Triangle Continuation Chart Pattern Technical Analysis
The market formed an ascending triangle pattern during its upwards stock indices market indices trend which led to upside continuation.
The buy stock indices signal point is when stock indices price clears the upper sloping line of the ascending triangle stock indices chart pattern & the stock indices market continues moving upward.
Indices Technical Analysis
The descending triangle stock indices pattern is formed in a downward trend and it shows that the downwards direction of stock indices price movement is going to continue.
Found within a Indices Trading downwards trend, descending triangle pattern forms as a consolidation period within downwards indices trend & indicates downside continuation will follow.
How to Interpret Descending Triangle Chart Pattern - Descending Triangle Continuation Chart Pattern Technical Analysis
Market formed a descending triangle stock indices pattern during its downwards indices trend which led to further selling and continuation of the downwards indices trend.
The technical sell stock indices signal is when stock indices price breaks out the lower horizontal sloping line of the descending triangle stock indices chart pattern as selling resumes to push the stock indices trading market lower.
Stock Indices Technical Analysis
Bull flag stock indices chart pattern forms what looks like a rectangle. The rectangle is formed by two parallel lines that act as support and resistance for the stock indices price until the stock indices price breaks out. In general, the flag will not be formed perfectly flat but it will be formed sloping.
Bull flag stock indices chart pattern occurs at halfway point of a bullish upwards stock indices market indices trend and after a break out a similar move equivalent to the height of the flagpole is expected.
How to Interpret Bull Flag Pattern - Bull Flag Continuation Chart Pattern Technical Analysis
The Bull flag stock indices chart pattern above was just a resting period as the stock indices trading market gathered strength to break-out & move higher.
The Bull flag stock indices chart pattern continuation stock indices signal was confirmed as the upper line of the Bull flag stock indices trading pattern was broken to the upside.
Indices Technical Analysis
Bear flag stock indices chart pattern flag is found in a Indices downward trend.
The Bear flag stock indices chart pattern is a continuation stock indices chart pattern where the stock indices price retraces slightly with a narrow stock indices price action that has a slight upward sloping tilt.
How to Analyze Bear Flag Chart Pattern - Bear Flag Continuation Pattern Technical Analysis
The Bear flag stock indices chart pattern above was just a resting period for the stock indices market prior to more selling.
The Bear flag stock indices pattern continuation signal was confirmed as the lower line of the Bear flag stock indices chart pattern was broken to the down-side.
