Forex Candlestick Chart

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 [...]