chart formations Archives - Forex Dominion

Trend Continuation Patterns in Technical Analysis

In this article we are going to focus on the topic of trend continuation price patterns. We will cover many topics related to technical analysis such as basic concepts, description of trend continuation formations, and tips on how to trade once the trend continuation pattern is found. In this way, we hope to answer the main questions on the subject, especially those related to the identification of these price formations and their use as technical tools to trade in Forex and other markets.

The three pillars of Technical Analysis

Technical analysis is based on three basic principles, which are known as the three pillars of technical analysis, and they are the following:

Price reflects everything.
Prices move in trends
The history repeats itself.

It is essential to understand each of them to really understand what technical analysis is and how it works. Let’s review each principle:

Expanding Triangle – How to trade with this price pattern?

by rcanessa

What is the expanding triangle pattern? The expanding triangle pattern, also known simply as expansionary formation, is formed during periods of very high market volatility, with many price oscillation and a not very clear trend. With each swing the pattern expands further, forming two opposite trend lines. An expanding triangle consists of a series of swings that widen as price … Read more

Chart Patterns Formations in Trading

by rcanessa

Financial markets, including Forex, involves plenty of chart formations, while not all of them are effective. There are many pricing patterns available and some of them give an excellent profit while a few of them doesn’t work good. First and the foremost, the chart patterns must focus on double top pattern and it is the common criteria used to grab the best accuracy. With a possibility to grasp 78% result, trading becomes simple and effective.

Triple Bottom Reversal Pattern

by rcanessa

Description of triple bottom pattern

Many successful investors keep implementing well known chart patterns such as the “Triple Bottom” in their trading strategies model. Forex traders are not the exception as many traders around the world use formations as the triple bottom to take decisions regarding their trades in the market, including the opening and closing of market positions. The triple bottom chart pattern combined with other market analisys tools allows to discover important trading opportunites to speculate in financial markets like Forex.

Triple bottom chart pattern is also described as TB in short, which is a kind of technical chart analysis examined in the market bottoms. Being the most reliable and trustworthy form of chart pattern, the triple bottom remains outright in its character and it is described by 3 distinct lows within the market having the similar price standards. The triple bottom remains distinct to the head and shoulders chart pattern and the only difference is the 3 lows occurring in the bottom throughout the similar price level existing in the double bottom.

This formation is the opposite of the Triple Top Pattern.