TLDR
Chart patterns are an excellent tool for traders who are trying to identify continuation or reversals. Continuation patterns are expected to continue the current price trend. Reversal patterns are opposite to continuation patterns and cause price to move in the opposite direction. The length of the flagpole can be applied to the resistance break or support break of a flag/pennant to estimate the advance or decline. Chart patterns can be looked at across all time frames and can be used to various trading strategies from swing trading to scalping.via the TL;DR App
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