Traders and investors who adopt technical analysis typically use price charts to identify market behaviour. For that reason, before learning anything else, it is vital to understand the basics of each widely used chart (see figure 1.1 for a visual representation): A bar chart, often labelled OHLC chart, employs the use of bars, representing the … Continue reading Candlestick Patterns Every Trader Should Know
Technical analysis is an efficient technique used to study price movements of financial markets, with its findings forming a credible guide to future market direction. One of the most well-known chart patterns is the head and shoulders formation, boasting not only high profitability, but also distinct rules for its assembly. Although considered a high-probability pattern, … Continue reading Trading the Head and Shoulders Chart Pattern
Observing sharp moves form in the foreign exchange market followed by periods of consolidation is common viewing. The problem traders have, though, is deciphering whether the pause in market price is the beginnings of a reversal, or a pullback before proceeding on its initial course. A chart pattern that places a framework around this type … Continue reading Trading the Forex Market Using Bullish and Bearish Pennants
Nowadays, you’d be hard pressed to go a day without reading or hearing about cryptocurrencies, and for good reason! 2017 proved to be the year of cryptocurrencies, with many units reaching unprecedented growth, smashing record after record. With its understandable rise in popularity, a world once ruled by Bitcoin has seen a new band of … Continue reading Getting smart with Cryptocurrencies
Developed by Scott Carney and Larry Pesavento, after being originally discovered by H. M. Gartley, the AB=CD pattern has become an effective technique to have in one’s toolbox. After months of research, back testing and also live trading, we feel comfortable presenting this setup to our readers. Just to be clear, the following is not … Continue reading What is an AB=CD pattern?