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 [...]
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 [...]
Chart pattern is a formation on stock chart that shows signs of future price movements. Stock charts show the relation between stock price and time. There are many types of charts like line chart (only shows closing price), bar charts (shows high and low price for one period, and closing price), and candlestick. Chartist uses [...]