Continuation patterns are your best friend in trending markets. They signal a pause before the trend resumes, offering high-probability entries with clear risk management.
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š» 1. Falling Wedge (Bullish)
š¹ Pattern: Downward sloping, converging lines
š¹ Entry: Breakout above resistance
š¹ Stop-Loss: Below wedge support
š¹ Target: Height of wedge projected from breakout
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šŗ 2. Rising Wedge (Bearish)
š¹ Pattern: Upward sloping, converging lines
š¹ Entry: Breakdown below support
š¹ Stop-Loss: Above wedge resistance
š¹ Target: Height of wedge projected downward
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š³ 3. Bullish Rectangle
š¹ Pattern: Price bounces between horizontal support and resistance
š¹ Entry: Break above resistance with volume
š¹ Stop-Loss: Below support
š¹ Target: Height of rectangle added to breakout level
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š² 4. Bearish Rectangle
š¹ Pattern: Sideways consolidation in a downtrend
š¹ Entry: Break below support
š¹ Stop-Loss: Above resistance
š¹ Target: Height of rectangle subtracted from breakdown
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š¼ 5. Bullish Pennant
š¹ Pattern: Tight triangle after strong bullish move
š¹ Entry: Breakout above pennant
š¹ Stop-Loss: Below pennant support
š¹ Target: Pole height added to breakout
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š½ 6. Bearish Pennant
š¹ Pattern: Tight triangle after sharp drop
š¹ Entry: Breakdown below pennant
š¹ Stop-Loss: Above pennant resistance
š¹ Target: Pole height subtracted from breakdown
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š Pro Tips:
ā Always wait for a confirmed breakout with volume.
ā Combine with indicators like RSI, MACD, or moving averages.
ā Manage risk wisely ā never skip your stop-loss!
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š„ Continuation patterns = Low risk + High reward in trending markets!
Stay patient, stay disciplined ā and let the trend do the heavy lifting. š¹
Here is the candles image š
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