Spotting price reversals is one of the most difficult actions to master in the Forex market. Through chart analysis, traders can learn to identify candlestick patterns that are a natural tool for this ...
It takes all kinds to make the stock market go round. From heavy-handed institutional investors to small but increasingly powerful retail traders to closely followed media pundits, there is no ...
The U-turn the stock market took following Russia’s invasion of Ukraine, which flipped a sharp selloff into a broad rally, has produced multiple bullish reversal patterns that suggest the worst of the ...
Today I want to build off of a previous article of mine, and elaborate on specific technical analysis patterns. The best technical analysis patterns will not only be relatively easy to spot, but also ...
Gold prices are trading higher late in the session on Friday after posting a wild two-sided trade throughout the session. The U.S. Dollar is trading higher, stocks are trading mixed to higher, and U.S ...
You might be familiar with “island reversals” or “pennants”, “double bottoms” or “falling wedges”. These are some of the many recurring patterns that appear in stock charts that now have their own ...
A bull trend is formed when demand exceeds supply, and a bear trend occurs when sellers overpower the buyers. When the bulls and bears hold their ground without budging, it results in the formation of ...
The future looks bright for the battered Grayscale Bitcoin Trust shares (GBTC), a technical analyst told CoinDesk, pointing to an inverse or reverse head-and-shoulders pattern on GBTC's price chart.
These days there is much debate about the future direction of gold. Fundamentals of gold are muddled. On one hand central banks continue to print lots of money, but on the other, inflation seems to be ...
Stellar (XLM) follows a descending resistance trend line. The XLM price has created a bullish double bottom pattern. Can XLM confirm its pattern and break out to new highs? While Stellar (XLM) has ...
Candlestick charting is commonplace for technical traders looking to identify patterns and buy/sell signals. Because candlesticks represent the open, close, high and low prices for a trading period, ...