Wave-Trader

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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Hi wave trader,
Is this mean that gbp is in up trend for now?
Thanks.
+2 Reply
Wave-Trader PRO Al_m3nna305
It is possible. You are really quick man who got this pattern very quickly lets wait and see what picture it forms. Thanks for the feedback mate.
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I really enjoy your educational posts sir. Thanks.
+1 Reply
My pleasure sir.
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You have powerful knowledge Sir... and You share it with us for free. Thank You.
+1 Reply
I feel that Tradingview Community deserve for this knowledge. TradingView is Such an amazing platform for sharing and discussing. You are welcome and my pleasure and thanks too for your feedback
+1 Reply
nice one
+1 Reply
Wave-Trader PRO itahirmasood
You are most welcome 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 !
+1 Reply
Thanks
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Another way of looking at rectangle and head and shoulder formations?
+1 Reply
Wave-Trader PRO amateurleague
Correct mate.
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your posts are very informative. wish i could print this out and put it on my wall. thanks mate
+1 Reply
Wave-Trader PRO ProChartist
Save picture by right clicking and print thats not a big deal mate.Good Luck
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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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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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