Triangle Patterns Triangles are known as continuation patterns, meaning the trend stalls out to gather steam before the next breakout or breakdown. They are named triangles as the upper and lower trend line eventually meet to form a tip and connecting the starting points of both trend lines completes a triangle shape. The support trend line continues …
Support and Resistance Levels The battle between buyers (demand) and sellers (supply) is the key to price movements. In technical analysis, it creates what we see as resistance and support levels. When the price of an instrument reaches a level where supply overtakes demand, a rise in price will hit the ceiling and begin to …
What is a Fibonacci Retracements? A Fibonacci retracements is a term used in technical analysis that refers to areas of support or resistance. Use horizontal lines to show where support and resistance levels are feasible. Each level is associated with a percentage. The percentage is how much of a prior move the price has retraced. The Fibonacci retracement …
Bearish Engulfing Candlestick Pattern Bearish Engulfing Candlestick Pattern is formed generally at the end of an uptrend, or near a potential resistance. Bearish Candlestick pattern is a reliable reversal pattern and since it is formed at the top of an uptrend it is also known as a top reversal or bearish reversal pattern. Basically, this …
Bullish Candlestick Pattern What is Bullish Engulfing Pattern? Bullish Engulfing Candlestick Pattern generally forms at the bottom of a downtrend, during a decline or near a potential support. Basically, it is made up of two candlesticks or can say it takes 2 days for the pattern to form. 1. Day 1 (Smaller Bearish Candlestick): On …
Candlestick Chart Pattern History of Candlestick Chart Pattern It is believed that use of candlestick originated from Japan in 1700 by rice traders. Over years, its popularity grew significantly as more and more analyst found value in using them. Currently, there are more than 100 patterns recognized based on candlestick formation. In this era, you …
Top 5 Technical Analysis Indicators Use technical analysis indicators to increase your investment returns. There are 100s of technical Indicator available in the market out of these top 5 technical indicators are Follows: MOVING AVERAGE Moving averages are a core part of technical analysis. Moving averages filter out the noise of stock chart by smoothing …