Characterised as a consolidation period between sharp moves of similar direction.
Continuation patterns tend to be pretty reliable. They follow the direction of the trend with a pause for consolidation. Projections are measured by the original move.
In this section we have covered some basic technical analysis techniques and types of charts used for the purpose of analysing the market using charts. In our Level 5 course (Diploma in Financial Trading) we cover Technical Analysis is more detail which allows traders to pinpoint entry and exit points with more certainty.