This a trend continuation pattern. It can occur in both a down trend and an up trend to signify that the market is going to continue moving in the same direction. I will be attaching other examples of this pattern in subsequent follow-ups of this post. Good-luck in the new year and in your trading.
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Twitter: twitter.com/thesharkke
Free in-depth stock markets analysis Telegram channel: t.me/stocksfromtechnicaleye
Happy trading!