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The pattern derives its name from the fact that it is characterized by a contraction in price range and converging trend lines, thus giving it a triangular shape. [1] Triangle patterns can be broken down into three categories: the ascending triangle, the descending triangle, and the symmetrical triangle.
The pole is formed by a line which represents the primary trend in the market. The pattern, which could be bullish or bearish, is seen as the market potentially just taking a "breather" after a big move before continuing its primary trend. [3] [4] The chart below illustrates a bull flag. A bear flag would trend in the opposite direction.
Additionally, keep an eye out for stocks that are breaking through key resistance levels or forming bullish chart patterns, such as the cup-and-handle, ascending triangles or flag patterns.
This is considered a bearish continuation pattern. Bullish 3-Method Formation (Also known as "Rising Three") Consists of a long white body followed by three small bodies (normally black) and a long white body. The three black bodies are contained within the range of first white body. This is considered a bullish continuation pattern.
A bear market generally occurs when prices have declined by at least 20 percent from a recent high. Bear markets have historically not lasted as long as bull markets in the stock market.
Learn about bullish and bearish investors, markets and stocks. Figure out the differences between each and how to invest in a bear market. Bullish vs. Bearish Investors: Which Are You?
On the technical analysis chart, the head and shoulders formation occurs when a market trend is in the process of reversal either from a bullish or bearish trend; a characteristic pattern takes shape and is recognized as reversal formation. [1]
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