Wave-Trader
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Trend Continuation and Trend Reversal Patterns

FX:GBPUSD   British Pound / U.S. Dollar
There are two similar patterns called Broadening Bottom/Top and Expanding triangle Bottom/Top. Main difference between these two patterns is one is trend reversal pattern and one is trend continuation pattern.

1. Broadening Bottom/Top ( Trend Reversal )
2. Expanding Triangle Bottom/Top ( Trend Continuation)

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Thanks Wave trader. That was very good, encouraging and educative. But I have a problem with receiving your ideas into my mail box. I use to receive your ideas into my mail box and check it. However, in recent time, I get the notification but the idea does not get into my mail. Is there any problem with trading view? How can I continue receiving your idea into my mail. Thanks
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First of all, Thank you very much for the education topics .Second, I have one question, the reversal pattern is considered as a Shoulder Head Shoulder pattern as well? or it has another name?
+1 Reply
Its look like also head and shoulder but its called broadening top/bottom
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pxndx77 Wave-Trader
Thank you very much, you´re the real MVP!
+1 Reply
My pleasure mate.
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your posts are very informative. wish i could print this out and put it on my wall. thanks mate
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Wave-Trader ProChartist
Save picture by right clicking and print thats not a big deal mate.Good Luck
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Another way of looking at rectangle and head and shoulder formations?
+1 Reply
Wave-Trader amateurleague
Correct mate.
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Great ! Thumbs UP ! These are important and contradictory formations but very similar. It is difficult for me to recognize the impulse wave and it is the most important thing after seeing the global structure.
Great insight !
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