Technical Analysis

Technical Analysis

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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.

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The doji is a special type of candlestick pattern that can signal a changing market. We can use this pattern to try to understand the sentiment and to recognize times when the market strength is switching between buyers and sellers.

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A rising window is usually found in bullish surges where the price is rising quickly. The pattern represents a “break in the market” where...

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A falling window is a type of candlestick pattern that can appear in market selloffs. It forms where the price falls rapidly and produces...

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The marubozu certainly can be a useful trading signal owing to its simplicity and its easy interpretation.