A flagpole: A pattern always begins with a flagpole, which differentiates it from other types of patterns (such as the symmetrical triangle). The flagpole is the initial strong move preceding the symmetrical triangle.
Breakout levels: There will be two breakouts, one at the end of the flagpole, and one after the consolidation period, where the upward or downward trend continues
The itself: The is the triangular pattern formed when the market consolidates, between the flagpole and the breakout. The two converging form the triangle - the .
are continuation patterns that occur in strong downtrends. They always start with a flagpole – a steep drop in price, followed by a pause in the downward movement. This pause forms a triangular shape, known as the . There is then a breakout, and the downward movement continues. Traders look to enter short trades on a break below the .