Education on Technical Analysis! Learn the most important Technical Analysis components such as chart patterns, trendlines, channels… and learn how to use them in trading.
What is the Double Bottom Pattern The Double Bottom is a multiple candlestick chart pattern that forms at the end of a downtrend and indicates that a bullish reversal is taking place. This pattern consists of four candlesticks. Understanding the Double Bottom Pattern The Double Bottom candlestick pattern consists of four candlesticks. The first candlestick …
What is the Flag Bearish The Flag Bearish is a multiple candlestick chart pattern that indicates the continuation of a downtrend in the market. This pattern is called Flag Bearish as it resembles the shape of a flag. Understanding the Flag Bearish The Flag Bearish candlestick chart pattern consists of multiple candlesticks. The first candlestick …
What are trading channels? A trading channel is a chart pattern highlighted by two parallel lines: an upper line (resistance) and a lower line (support). The price moves within the middle of these lines. Trading Channel Basics There are three main types of channels: Horizontal channels represent sideway trend on the market. Ascending channels represent …
Learn How To Trade Channels – The Beginner’s Guide Read More »
What is the Descending Triangle? The Descending Triangle is a multiple candlestick chart pattern that signifies the continuation of a downtrend. This is a Descending Triangle, as it is shaped like a triangle pointed downwards. Understanding the Descending Triangle The Descending Triangle consists of multiple candlesticks. The first candlestick is bearish and indicates the continuation …
What is the Ascending Scallop? The Ascending Scallop is a multiple candlestick chart pattern that indicates that a bullish continuation is taking place. This pattern forms close to the peak of an uptrend in the market. Understanding the Ascending Scallop The Ascending Scallop is a candlestick pattern that consists of multiple candlesticks. The first candlestick …
Potential regions of support and resistance can be spotted with great precision using Fibonacci retracement. Even experienced traders cannot completely manage using this indicator, which is among the most frequently used ones in technical analysis. Traders can understand how to employ the Fibonacci retracement in this article to improve their trading odds of success. What …
Fibonacci Retracement – A Beginner’s Guide, Explained Simply Read More »
What is the Measured Move Down The Measured Move Down is a multiple candlestick chart pattern that is a combination of both a continuation pattern and a reversal pattern. This pattern is popularly followed by swing traders. Understanding the Measured Move Down The Measured Move Down chart pattern consists of multiple candlesticks that form identical …
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