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Price movement that is in the direction of the trend is called “trending”. Price movement that is in the opposite direction is called “correcting”. Corrections can be single legs of a smaller pattern, or a combination of legs and patterns that retrace a more sizeable leg. Regardless, the expected resolution to a correction is a resumption of the trend.

Following are examples of corrections within patterns. Each is linked to more examples of the pattern:

Ascending Triangle


Complex Triangle

Descending Triangle

Double Bottom, Double Top

Head & Shoulders


Rounding Bottom, Rounding Top

Symmetrical Triangle