... qualifying the formation as a continuation pattern. As Figure 4.34 shows, the converging lines are symmetrical. Points B, D, and F define the declining line. Points A, C, E, and G define the rising ... convergence. After the introduction of the euro, Bank of England is attempting to bring the high U.K. rates closer to the lower rates in the euro zone. The pound could join the euro in the early 2000s, ... positions. In the run-up/run-down phase, the majority of the market finally "sees" the move and jumps on the bandwagon. Finally, in the distribution phase, the keenest traders take their...