A PAMM trader who like trend has a principle that a so-called trend is his friend so he would prefer to choose a trending graphic pattern while hoping that it will continuously give him profit on the transactions. In difference with the reversal pattern, this continuation pattern is often placed in the opposite direction. But, that movement is only a “breaking time” before continuing the continuation pattern,
Below are the continuation bullish patterns :
- Rising Three Methods
The rising three methods begin with an uptrend which is being corrected by three candles by which the beginning trend is continued. This pattern is effective in the high time frame such as H-4 and D-1 which have a low wipsaw. The height of the bearish candles which reflect the value correction are short. It means the selling pressure is weak so it is possible for the bouncing value to move back to the previous trend movement.
- Three Line Strike
This pattern came from the corrected uptrend. It’s a short time but strong bearish candle, because it is being hit by a huge buying pressure. After that, the value movement continues the beginning trend. This pattern is effective in the high time frame such as H4 and D1 which have a low wipsaw. The bearish candle that reflect the value correction is long. It means the selling pressure is strong but there is a strong fight from the buyer which beaten the seller so that the bouncing value is moving back to the previous trend.
Happy Investing !