About the Author

Stephen Oakes is an experienced financial titan from New York who brings Wall Street to Main Street. Over the past 11 years, he has developed and tested the renown, Oakes Momentum System, which uses a unique constellation of technical indicators to find timely buy and sell points. He holds an M.B.A. in the United States (New York) and has studied internationally at the Reims School of Management in France.

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Flag and Triangle Continuation Patterns

July 22nd, 2006 • Related • Filed Under

A stock’s price can do two things. It can either reverse or continue in the same direction. Continuation patterns are made up of candlesticks and indicate great buying opportunities. In this chart we will take a look at a few patterns to study and spot for further profits. One thing to remember is that when stocks are in an uptrend and pulls back in the form of flags; make sure the pullbacks occur on low volume. Low volume means that the pullback is not powerful enough to break the uptrend.

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