Maharashtra Scooters stair step formation✔✔ Stair-Step Patterns
✔The next type of continuation pattern is what we call a stair-step pattern. Like the flag, the stair-step is going to occur after a sharp trend to the upside. For example, the stock will trade sideways for a few days and then surge to the upside. The result is an image that looks like a stair-step.
Its also a trend continuation pattern.mean the stock will continue the current trend.
what is trend continuation pattern ?
✔In its most simple form, continuation patterns explain how stocks move during countertrend moves. We all know stocks cannot go straight up or straight down, they move in the primary direction and then retrace in the opposite direction before continuing. These little retracements are continuation patterns.such are
🔹Stair-step pattern👇
It is a type of continuation pattern is what we call a stair-step pattern. Like the flag, the stair-step is going to occur after a sharp trend to the upside. For example, the stock will trade sideways for a few days and then surge to the upside. The result is an image that looks like a stair-step.
🔹Flag Pattern👇
Flag patterns are a type of continuation pattern that appears after the trend has already started. It is a small countertrend move that will often scare a lot of people out of the market. But the bullish flag pattern doesn't have enough fear in it to fully reverse the market.
🔹Pennant pattern👇
The final pattern is the pennant. This is one of the most popular and well-known patterns. It is a flag pattern which has the support and resistance collapsing in on itself.
note guys this is not a buy recommendation.this is just for study purpose.
hope u have learned something new.🤗
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