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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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
pxndx77 Wave-Trader
Thank you very much, you´re the real MVP!
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My pleasure mate.
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
Another way of looking at rectangle and head and shoulder formations?
+1 Reply
Wave-Trader amateurleague
Correct mate.
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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