It is often said that chart analysis is both an art and a science. One component of technical analysis includes the study of patterns, which is simply identifying the formations that markets etch on ...
Correctly identifying and subsequently trading the triangle chart pattern has benefitted many technical forex traders. The triangle pattern is traditionally categorized as a continuation chart pattern ...
Meandering price action in the USD Index (DXY) since October 16, 2018 can be captured on the Daily timeframe using 2 main chart patterns. Price action breaking out eventually from the range provides ...
Technical analysis patterns offer a structured way to read the collective psychology of the market, translating chaotic price action into recognizable, repeatable setups. For the individual investor, ...
Candlestick charts are the gold standard, providing a visual map of price movement through open, high, low, and close data ...
I've noticed a recurring inverse head and shoulders pattern in high-beta tech stocks, signaling potential bullish reversals; the pattern is noticeable in the Nasdaq 100 and the QQQ ETF. I break down ...
Nio stock price remains in a deep bear market this year after falling by ~40% from its highest point this year.
The Nio stock price has suffered a big reversal in the past few weeks as concerns about the Chinese electric vehicle (EV) industry continued. It dropped to the psychological level at $5, its lowest ...
Technical analysts believe that stock prices often trade in patterns, as the motivating driver behind the movement of stocks is humans, and humans exhibit the same emotions when it comes to their ...
Chart patterns that helped define a roller coaster year in the markets As we approach the end of 2020, one of the most volatile years in recent history for the global population and world economies, a ...