Technical Analysis

Technical Analysis

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Belt holds are a useful class of chart pattern because they highlight areas where market sentiment may be changing. As the name suggests, the...

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It’s not uncommon for traders to become accustomed to using charts at just one particular timeframe. Perhaps it’s the one that’s proven most profitable...

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In renko charts, price movements are reduced to a few simple patterns and that makes them effective at locating trends, reversals, supports and resistances.

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Renko charts are a great way to analyze the market from a completely different perspective. If you like to cut to the chase and look at raw price action, then renko charts certainly are worth the time needed to learn them.

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While the hammer and inverted hammer are conventionally treated as bullish, nonetheless contrarian traders will sometimes use them as bearish flags.

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In major currency pairs, the shooting star is shown to be reliable at predicting the immediate period ahead, but it is less reliable in forecasting longer term changes in trend.

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A hammer is one of the more important reversal patterns. It is treated as a bullish reversal, but only when it appears under certain conditions.

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The hanging man is Japanese candlestick pattern that appears in uptrends. It can in some circumstances be a sign that a trend is about...

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The Aroon is a trending indicator that’s long been used for momentum trading strategies. It’s especially good at locating places where a market is...

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The power of the zig zag indicator is in its ability to cut through market noise and locate chart turning points. These are where trends are turning from one direction to another.