@slcjohn, The first pattern is the continuation of a bear market - sentiment is cautious and confidence is low in the asset. The latest pattern you circled is during a bull market coming off multiple high volume impulse waves. Confidence is high and the pattern may indicate a bullish continuation / accumulation pattern (bull flag). Investors are more likely to put their money into an accumulation or bullish continuation pattern than attempting to catch a falling knife and invest during a clear bear market.