Bullish (Continuation) - Measured Move - ChartSchool - StockCharts

Bullish (Continuation) - Measured Move - ChartSchool - StockCharts

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18/2/2014 Bullish (Continuation) - Measured Move - ChartSchool - StockCharts.com 1/3 StockCharts.com - ChartSchool Learn more about Technical Analysis and Charting Terminology You are here: StockCharts.com » ChartSchool » Chart Analysis » Chart Patterns » Measured Move - Bullish (Continuation) Advertisement Measured Move - Bullish (Continuation) The Measured Move is a three-part formation that begins as a reversal pattern and resumes as a continuation pattern . The Bullish Measured Move consists of a reversal advance, correction/consolidation and continuation advance . Because the Bullish Measured Move cannot be properly identified until after the correction/consolidation period, it is categorized as a continuation pattern. The pattern is usually long-term and forms over several months. 1. Prior Trend: For the first advance to qualify as a reversal, there must be evidence of a prior downtrend to reverse. Because the Bullish Measured Move can occur as part of a larger advance, the length and severity of the prior decline may vary from a few weeks to many months. 2. Reversal Advance: The first advance usually begins near the established lows of the previous decline and extends for a few weeks or many months. Sometimes a reversal pattern can mark the initial trend change. Other times the new uptrend is established by new reaction highs or a break above resistance .
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  • Spring '12
  • RamonBrunoTulibasJr.
  • Intel, Advance, Technical Analysis and Charting Terminology, reversal advance

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