By Investment U Research Team As you begin to get familiar with technical analysis, you’ll start to see three distinct types of forex chart patterns emerge. While you might be looking for wedges, flags, channels and triangles, the context of these patterns groups them into one of three families: reversal, continuation or bilateral patterns.
These three types of chart patterns dictate how traders can expect the pattern to behave and how the price of a security will respond as the pattern culminates. If you know a pattern is a reversal formation as opposed to a continuation one, it’ll influence whether you take out a short …read more
