The Bernank’ and Rising Rates

Posted on: Friday, August 16, 2013

To bring order to the world of price patterns many texts divide them into two groups – trend-following and trend reversal. A healthy portion of the numerous patterns chartists hold dear fall into the former camp because they develop in the midst of an already existing trend. These trend-following setups can be referred to as continuation patterns since their eventual resolution results in a resumption of the trend. Members of this club include everything from bull retracements and triangles to bull flags, pennants, and high bases.

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