The rectangle pattern is a common and easily identifiable formation on charts when prices momentarily move into range-bound behavior.
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The rectangle pattern is a common and easily identifiable formation on charts when prices momentarily move into range-bound behavior.
The channel is a simple and effective technical analysis tool for charting and trading on a price trend. Channels can be used to identify a trend and the possible points…
The evening star is the name for a classic bearish pattern appearing in candlestick charts that signals the end of a price uptrend and the beginnings of a downtrend. The…
A pennant is a triangle-shaped chart pattern formed by consolidating price action following a directional market move or trend. Pennants are classified as continuation patterns, meaning their presence acts as…
In the realm of technical analysis, a "flag" is a chart pattern that illustrates a temporary pause or compression in directional price action. A flag is classified as being a…
The average directional index (ADX) is a charting tool that judges trend strength. It was formulated by market technician J. Welles Wilder and presented in his 1978 book New Concepts…
The Ichimoku Cloud is a central element of the Ichimoku chart technical analysis system aimed at forecasting price trends through a multi-dimensional visual representation of support and resistance levels. Ichimoku…
Renko charts can pinpoint important levels of support and resistance by focusing solely on price movements, ignoring other data such as time or volume.
Forex charts are an important tool to help traders analyze the movement of currency prices and determine the optimum moment to buy and sell currencies.
Forex traders can utilize Japanese candlesticks to gauge the market sentiment surrounding a particular currency pair or security.
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