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Measured downward movement – then chart pattern trend

February 18, 2011 by Forex Market

The measured movement is a graphic Paton consists of three parts begins as a reversal pattern and ends up as a continuation pattern. The downward movement is measured in a fall change, a consolidation phase / reverse and bearish continuation phase. Because the measured downward movement can not be confirmed until the end of the period of consolidation / reverse, the pattern is classified as a continuation pattern. This pattern is usually a long-term trend and takes several sessions to form. Previous trend: There must be identifiable uptrend prior to the …

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