Continuation patterns suggest that a market is only pausing for a while before the prevailing trend will resume. I've found that these patterns are great representations of mathematical indicators. Their signals often coincide with momentum and trend indicators. These patterns have the same predictive value within a chart of any time frame. This price distance is extrapolated from neckline at the point of breakout.
Flags are in the shape of a parallelogram, while pennants are very short triangles.
Broadening a reversal pattern usually found at trend peaks rather than lows. This pattern can last a long time. Be on the lookout for any trending activity. V direction is opposite main trend. If it is a right triangle, the market will breakout on the horizontal side of the triangle.