A bull trend is formed when demand exceeds supply, and a bear trend occurs when sellers overpower the buyers. When the bulls and bears hold their ground without budging, it results in the formation of ...
Today I want to build off of a previous article of mine, and elaborate on specific technical analysis patterns. The best technical analysis patterns will not only be relatively easy to spot, but also ...
Learn how to read a candlestick chart and spot candlestick patterns that aid in analyzing price direction, previous price movements, and trader sentiments.
Continuation patterns are a type of chart pattern that forms during a temporary pause in an existing market trend before it resumes. These patterns suggest that the forex market is taking a breather ...
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 ...
Gold prices are trading higher late in the session on Friday after posting a wild two-sided trade throughout the session. The U.S. Dollar is trading higher, stocks are trading mixed to higher, and U.S ...
With the Federal Open Market Committee's (FOMC) interest rate cut discounted into the market, but a 50-basis point cut not entirely factored in, the overwhelming positive reaction to the central ...
Candlestick charting is commonplace for technical traders looking to identify patterns and buy/sell signals. Because candlesticks represent the open, close, high and low prices for a trading period, ...
Stellar (XLM) follows a descending resistance trend line. The XLM price has created a bullish double bottom pattern. Can XLM confirm its pattern and break out to new highs? While Stellar (XLM) has ...
XRP price held above $2.80 on Thursday, increasing the altcoin’s chances of rallying toward the cup-and-handle pattern’s target above $6. XRP traded at $2.82 on Thursday, with a potential ...
Could a single candlestick pattern signal a dramatic shift in Palantir Technologies Inc.‘s (NASDAQ:PLTR) market momentum? While many dismiss technical analysis as mere chart-watching, a surprising ...