The cup with handle pattern foreshadows an upward price continuation following market hesitation, and a test toward a possible downward move.
Dark cloud cover is a Japanese candlestick charting pattern that aids technical traders in identifying the exhaustion of bullish price action.
A doji is a candlestick with a closing price very near to its opening price. It is unique to other candlesticks because its body is very small or nonexistent.
The morning star chart pattern is a convenient way to spot an upward reversal and a subsequent bullish trend without a complex set of technical indicators.
The hammer is an easily identifiable candlestick charting formation that often foreshadows a bullish reversal and can be useful in tracking short-term price action.
Pipe bottoms and pipe tops provide the trader an indication that a prevailing trend may continue or may be coming to end.
Technical analysts can use simple geometric patterns such as triangle chart patterns to unveil signals that can indicate where the market could go next.
Among visual chart patterns, the head and shoulders pattern has gained status among the most reliable predictors of future price action.
Among visual indicators, the double top and double bottom are considered amongst the most convenient and reliable for trying to predict a turnaround in price tendencies.
The easily identifiable double-top and head-and-shoulders chart formations are well known patterns for trying to predict trend reversals. Another reversal pattern that shows similar [...]