Technical Analysis

Technical Analysis

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Crab patterns often start to unfold when a market is making its highest high or lowest low in an established trend. These harmonic structures can...

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The butterfly is a harmonic chart pattern which you can use to trade possible trend reversals. Relatively new, it was first publicized in the...

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Most of the technical chart patterns like heads and shoulders, double tops, triangles and so on are defined mainly by their appearance. In another...

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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.