Symmetrical Triangles
Symmetrical Triangles is usually a result of a lack of conviction regarding which way the price will move. A technical trader will search for this pattern and look for two converging trend lines that meet at a point called the apex. The converging trend lines will give a triangular shape, that is why it [...]
The Head and Shoulders price will have the following characteristics:
1. Rises to a peak (first shoulder) and decline
2. Rises above the former peak and declines again (head)
3. And finally, rises again to a peak but not to the head instead to a second shoulder, and declines once more.
A transaction signal is generated when the price [...]
Doji is a candlestick that shows the same opening price virtually equals to closing price. This pattern is a neutral signs, thus need future confirmation.
Dragon fly doji is a candlestick which shows the same open, high, close price. This pattern shows that seller dominated trading at first that drove the price lower. However, buyer then [...]
Marubozu is a candlestick that shows the high and low price represented by open and close price. When closing price is higher than opening price, then closing price is equal to high price. In addition, when closing price is lower than opening price, opening price is equal to high price. This candlestick indicates that the [...]
