What Are Continuation Patterns & How To Trade With Them

Continuation Patterns

The Continuation pattern suggests that the price will continue to move according to the present trend. Some continuation patterns often show a reversal before continuing with the trend. What are the Continuation patterns? Continuation patterns assume that the price-action will move in a similar direction as it is now. The patterns can be of short to medium term and sometimes breakaways from the consolidation period. In a consolidation state, the price-action reverses for some time but continues to move in the trend direction. Although Continuation patterns are of many types, the most common are; triangle, pennant, flag, and rectangle. 1. …READ MORE