Bullish and bearish structures on the charts include triangles, where the price consolidates within a narrowing range before breaking out upwards/or down, signaling a potential continuation of an...
Category: Chart Pattern
Fibonacci 88.6% Level – Important Fibonacci Retracement Levels
Fibonacci levels are commonly used in trading to identify essential price points and potential areas of support or resistance. These levels are derived from the Fibonacci sequence, a series of...
The Megaphone chart pattern was first described in Richard Schabacker's 1932 book: “Technical Analysis and Stock Market Profits." What is a megaphone chart pattern? A megaphone chart pattern (a...
A Doji candlestick can indicate markets' inability to make decisions and the possible changes in a particular direction. Doji candlesticks are famous and extensively accepted by traders because they...
Candlestick patterns in trading are visual representations of price movements on a financial chart, primarily used in technical analysis. Each candlestick typically represents one time period, such...
Technical analysis is critical if you aim to become a trader, especially understanding trading graphs, and knowing how to read a chart can add significant value to your trading skills. Are you also...
