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Bitcoin trading Binance site in nigeria The exact opposite is true for the descending triangle pattern. A symmetrical triangle (also called a pennant) is also a continuation pattern, though it has a lower probability of success, and oftentimes evolves into a different pattern such as a channel or rectangle. This is because the market making both lower highs as well as higher lows indicates a sign of indecision, and that neither buyers or sellers were able to take control. The bull flag pattern is a continuation pattern formed in an uptrend, representing a period of consolidation after a strong momentum markup. The consolidation consists of smaller range candles compared to the earlier trending move, representing a “weak” pullback, and typically the tighter the range the stronger the breakout. The exact opposite is true for the bear flag pattern. 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