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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.
A wedge pattern is considered to be a pattern which is forming at the top or bottom of the trend. It is a type of formation in which trading activities are confined within converging straight lines which form a pattern. It should take about 3 to 4 weeks to complete the wedge. This pattern has a rising or falling slant pointing in the same ...
Common gap – also known as an area gap, pattern gap, or temporary gap, tend to occur when trading is bound between support and resistance level on a short span of time and market price is moving sideways ("where the price trend...has been experiencing neither an uptrend nor a downtrend. Instead, the price activity has been oscillating between ...
The aspects of a candlestick pattern. A candlestick chart (also called Japanese candlestick chart or K-line [7]) is a style of financial chart used to describe price movements of a security, derivative, or currency. Stock price prediction based on K-line patterns is the essence of candlestick technical analysis.
A chart pattern or price pattern is a pattern within a chart when prices are graphed. In stock and commodity markets trading, chart pattern studies play a large role during technical analysis. When data is plotted there is usually a pattern which naturally occurs and repeats over a period. Chart patterns are used as either reversal or ...
This type of head and shoulders pattern has more than one left or right shoulders or head. It is also known as multiple head and shoulders pattern. [citation needed] One particular type is known as a Wyckoff distribution, which usually consists of a head with two left shoulders and a weaker right shoulder. [citation needed]
The 3rd part i.e., cued as step usually uses half the time of the whole pattern, e.g. one quarter note The tri-ple part may be danced evenly, e.g., two eighth notes or unevenly (on swung notes), e.g., the first part taking up 2/3s of a beat and the second part 1/3, or the first part taking up 3/4 of the beat and the 2nd part 1/4.
The reverse step pattern, right-up-left-down-right, transitions from a front to a back-turn. Full ("Butterfly") turns (left-down-right-up-left) -- Also known as a "spin" A more advanced pattern involves a complete turn around. This is often used in "freestyle" DDR to show off.