Top Continuation Patterns Every Day Trader Must Know

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hello traders welcome back to the com

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Lucro channel in today's video we're

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advancing further in our course

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technical analysis for day traders from

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basics to advanced by diving into the

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chapter on advanced continuation

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candlestick patterns if you've been

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following along you're already familiar

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with the foundation of candlestick

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patterns and how they play a key role in

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signaling market behavior today we're

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focusing on continuation patterns

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powerful tools that help confirm when a

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trend is likely to persist but before we

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dive into continuation patterns it's

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important to ensure we're all aligned on

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one key concept identifying the

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direction of the trend without knowing

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whether a market is trending up down or

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sideways it's impossible to apply

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continuation patterns correctly to kick

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off this chapter Larry Williams shares a

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simple yet powerful method to determine

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the prevailing market trend using a

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widely trusted indicator how do you know

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if the trend of your stock or commodity

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is up or down or sideways there is a

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mathematical way of telling it and I'd

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like to share that with you today

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there's so many ways of looking at trend

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but the simple one I developed years ago

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you can put on all of the software you

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have is simply a 50-day moving average

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if price is above a 50-day moving

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average or that 50-day moving average is

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an uptrend assume that the trend is up

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if it's in a downtrend then assume the

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trend is down in a downtrend that means

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you would want to be taking short-term

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sell signals in an uptrend you can take

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all the buy signals because then you

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will be trading and you'll be investing

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with the trend the trend is your friend

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stay with it use a 50-day moving average

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and you'll know the real trend of the

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market with this method in mind you'll

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be better equipped to identify when a

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trend is in place a critical first step

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before applying any continuation pattern

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so if you're ready to deepen your

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knowledge and elevate your trading don't

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miss the full video on our channel watch

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now