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So chart patterns are designed to tell you if either the trend will either continue or what's called
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continuation pattern or change or reverse a reversal pattern.
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And in this section, we're going to talk about continuation patterns.
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So you're going to be seeing trends.
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You're going to see things continue along the trend.
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So kind of keep them in the back of your mind.
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We're going to be talking about continuation patterns in this area.
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Then later, we'll be talking about reversal reversal patterns.
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But read right from here, you can kind of see that one of the key kind of parts of this is there needs
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to be a trend, right, for either one.
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If there's no trend, you really have no continuation or reversal pattern.
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You know, that's that's been fully formed.
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You might see one a pattern in development and you might be A trends.
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B, you know, in development, too.
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And you'll see that as we go through the lessons.
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But one of the key things is part of this whole trend is your friend.
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And the trend is going to help you as an indication and a predictor.
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And the patterns do that, too.
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But they need that trend to be to be there as well.
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So that's where with chart patterns, sometimes it takes a little patience around that because you're
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waiting for these things to develop.
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So in an established trend, what happens is let's say it's an upturn.
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There's another sign up.
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You know, there's a trend that's being established.
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Prices are headed in a certain direction.
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That's what we may trend.
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Prices are going up or down.
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And there's what can happen is there's a pause.
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There might be the strong trend either way, either up or down.
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And then there's a pause, a little slowing down, a buying and selling.
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You know, the trend is starting to lose steam, so to speak.
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It's not as being firmly bought up or furloughing sold off, so to speak.
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So it's starting to lose its steam.
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And when you see a continuation pattern, you know, that is an indication that the trend will accelerate
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again after the pause.
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So let's use that example of an uptrend.
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Let's say we've got an uptrend going up.
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There's a pause.
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So prices kind of stabilize or go sideways, maybe down a little bit.
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And then with continuation pattern, they keep going up.
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Is the idea of a continuation feel good?
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And when so many are, let's say, investing off a trend and you see a pattern that's there, you can
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feel good that you've identified the trend correctly because it's a continuation trend is the idea.
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So you can feel good about that, that.
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OK, I have a really good handle on this particular security, how it is trading at this moment in time,
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because I see the trend, but I also see the continuation pattern kind of reinforcing that and we can
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make trading decisions around that as well.
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So when you're thinking about trading and you're trading continuation patterns, you know, if it's
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an uptrend, prices are rising.
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You you don't want to sell.
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You want to ride that price up further.
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You know, hopefully you've bought in at some point lower.
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The prices have gone up.
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So you've made profit as the prices have gone up and you're seeing this pattern, we maybe see a pause
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if you see a continuation pattern.
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And so the idea is that it's going to keep going up and you'll get even more profits off of that initial
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trade.
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In fact, you could do in some cases, as you see, that you could add even more to that trade.
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You'll keep investing a little bit more in that security, not only to have your original investment,
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but maybe now you see this chart pattern and a continuation pattern form as formed.
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You can even add a little bit more or add more, and now you've got even more money.
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That's as you adjusted your position to kind of ride upward in an upward trend.
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You know, now if you're, let's say, looking to buy as opposed to short selling, other type strategies
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out there.
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But let's say if you are buying securities and you see a downtrend, well, you need to you can see
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that established downtrend and you need to continue to wait that out and wait out that downtrend trend
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before buying it.
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Right.
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So it's a good way to judge to see, oh, is that going to reverse that trend, going to maybe go straight
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into an uptrend now, but with a continuation pattern, it would be like, no, I see a continuation
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pattern in a downtrend.
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That means it's going to keep going down further, which might mean we might have a great opportunity
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coming up in the near future once that computer continuation pattern basically runs its course.
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So that's the general idea behind continuation patterns.
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Let's now look at some specific examples of the actual patterns that you can see and how to trade off
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of them.
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