THE HAnDbook oF TECHnICAl AnAlysIs
In Figures 4.13 and 4.14, we observe an ascending triangle and a rounding
bottom acting as continuation in trend phases.
4.3 Volume and Open Interest Interpretation of Market Phase
Market phase can also be potentially identified by the type of volume action that
manifests itself at each stage of the three phases. Figure 4.15 depicts a typical
sequence of volume action as the market progresses to the next phase. Notice that
figure 4.13 Ascending Triangle as Continuation on the Sub‐Hourly EURUSD Chart.
Source: MetaTrader 4
figure 4.14 Rounding Bottom/Cup and Handle as Continuation on the 4‐Hour
EURUSD Chart.
Source: MetaTrader 4
