Technical analysis

Technical analysis is a systematic way of analyzing and studying financial markets to make informed trading decisions. Technical analysis has been in practice for centuries, however, it has become extremely popular in the 21st century. Nowadays, data science and tools have become more advanced. Today, it is the age of the internet and more people have access to data and advanced tools to make informed trading decisions.

  • Technical analysis or TA is the study of the past movements of financial markets and securities including price and volume.
  • Also it encompasses many tools useful for traders.
  • It relies mostly on probabilities and risk management.

Technical analysis includes researching stock price charts and various indicators derived from (basic) prices in order to predict the development of the market.

What is technical analysis?

Study of past price action

Technical analysis or TA is the study of the past movements of financial markets and securities including price and volume. It works on the simple principle that history repeats itself. That means the financial markets have a tendency to move in repeated and consistent patterns. So, through study and analysis of the past price and volume movements, those patterns are identified and their future movements are predicted. This information is extremely useful that enables investors to make informed decisions.

Technical analysis is one of the two major analytical techniques to analyze financial markets. The second one is fundamental analysis. Fundamental analysis focuses on figuring out the true value of stocks. On the other hand, technical analysis focuses on identifying patterns on a chart to predict future price movements.

This graphic extrapolation method is applicable to all types of markets: indices, stocks, interest rates, commodities…, so it is not limited to the stock market (stock market); once the supply and demand meeting determines the price, the same tools and methods are possible to apply to any type of underlying asset.

The main tool of the technical analyst is graphics, which can visualize and analyze the underlying assets.

Many tools to help traders

The biggest helping tool in technical analysis charts. Technical analysts are so much engrossed in charts that they are branded as chartists. They rely on charts because charts are the easiest and most convenient source to visualize past price and volume data. Technical analysts analyze charts to find patterns and trends that eventually help them in spotting some profitable trading opportunities.

The best way to chart your technical analysis is using the TradingView solution. It lets you chart all the patterns and indicators you’d like on every chart type. You can try it now for free!

The technical analysis presents a totally different picture of a company and demands a focus on price data and movements. You need to observe market trends and patterns to predict the market’s future movements. You may use the following technical indicators to conduct technical analysis.

  • Moving averages to determine the direction of the current market trend.
  • Exponential moving averages to confirm crucial movements of the market and measure their authenticity.
  • Moving average convergence/divergence to detect fluctuations in momentum.
  • Average directional index to gauge the strength of the current market trend.
  • Standard deviation to measure the magnitude of the price movement.
  • Relative strength index to identify momentum and market conditions.
  • Fibonacci retracement to determine how much a market will deviate from its current trend.
  • Bollinger bands to predict long-term price movements.
  • Stochastic oscillator to determine momentum and trend strength.

Types of technical analysis

There are two main types of technical analysis.

  1. Top-down approach: A top-down technical analysis approach involves analyzing the market from a broader to a specific viewpoint. Technical analysts continue to observe most specific charts to find out stocks that seem great investments. They also analyze moving averages of stocks and securities in more general to specific timeframes. For example, they start with weekly moving averages and proceed towards daily or hourly averages.
  2. Bottom-up approach: A bottom-up technical analysis approach involves finding out stocks that are undervalued and observe them on a more fundamental basis. It helps to find a point of entry where stock seems as it is bottomed out. In fact, this approach is all about stocks that disregard the overall trend in the market. It pinpoints the best entry or exit points that put them in the best positions to make significant profits.

The accepted purpose and reason for existence of technical analysis is to predict trends and signs of trend reversal. This is a question of determining market conditions (significant numbers and/or signals given by mathematical tools) that statistically produce the same results.

Technical analysis does not pretend to be an accurate science. It is closer to human science, because its research object is directly focused on the understanding of market psychology.

Basic principles of technical analysis

There are the following three basic principles of technical analysis.

  1. Stock prices reflect almost everything: Technical analysis works on the principle that stock prices reveal almost everything. Management decisions, strategic decisions, buybacks, dividends, good results, bad results, or anything upcoming is the things reflected by stock prices. TA emphasizes the importance of analyzing how the financial markets react to any news. Technical analysts don’t even try to dig into the news itself. They only try to figure out how it will affect the stock prices.
  2. Stock price movements are always in trends: TA also believes that stock prices always follow a trend and they continue to do so unless a reversal signal appears. For example, a bearish trend will continue until a reversal pattern appears indicating an upcoming bullish trend in the market.
  3. Repetition of trends: TA also believes that trends in the financial markets repeat. As the saying goes, “history repeats itself” financial market trends also repeat themselves. As we all know that certain chains of events often happen on a regular basis in the markets. Patterns forming with those events recur again when those events repeat themselves.

Technical analysis was first used by the Japanese around the 17th century for the rice market. They introduced a specific way to draw the price: the Japanese candlesticks. It helped them aggregate the price for a given period.

Basics of technical analysis

Technical analysis focuses on the following basic factors.

  1. Price: Price action is the primary measure that technical analysts consider when conducting TA. They start by observing the charts depicting the security’s price and trading volume. It enables them to analyze past performance and predict future movements. The basic objective of chart observation is to identify trends of the price or volume and how those trends behave over time.
  2. Chart patterns: Chart patterns are one of the main helping tools that technical analysts employ. They help analysts to examine and predict how a security or stock has behaved and will trade in the future. The trend line, peak/trough, and moving averages help analysts in this regard.
  3. Volume: Volume is another factor used in TA. The volume shows the number of securities or shares traded over a particular period of time. Volume study helps technical analysts to determine the strength of a trend in the market. A bar at the bottom of a chart exhibits the volume.
  4. Trend: Trend is one of the most important indicators for technical analysts. They indicate the future performance of stocks or securities.
  5. Momentum: Momentum is another important measure that shows the speed of price movements of a stock or security. Momentum tracks record of the rate of price increase or decreases over a particular period of time.
  6. Support and resistance: Areas of support and resistance are other important observations that technical analysts make. These help analysts to determine whether a stock is on a bullish or bearish trend.
  7. Moving averages: Moving averages show an average of past movements of a stock or security. These help analysts to see trends more clearly.

Technical charting theories build on a few main assumptions. It partly explains why it is also a very controversial topic.

How does technical analysis work in stock markets or forex?

Technical analysis works on the same basis across all the tradable instruments. It works with the purpose of forecasting future price movements including stocks, futures, bonds, and forex instruments. There are various patterns and signals that help analysts during technical analysis. Moreover, analysts have also developed various trading systems that help in forecasting and trading on price movements. Technical analysis works on the basis of such tools and trading systems. Trendlines, channels, moving averages, and momentum indicators are among the most widely used indicators and charting patterns.

Summary before to go into each detailled article

Identification of the signals for price trends in a market is the basic and very important component of any trading strategy. Technical analysis is the best option in this regard. It helps traders to find the best entry or exit points. However, it is also very important to note that market behavior is not 100% accurately predictable. Although technical analysis gives us an insight into the likely price movement of a stock or security, it doesn’t promise success. Moreover, technical analysis alone doesn’t guarantee success. Always remember that successful trading also relies on proper risk management, discipline, and your ability to keep your emotions under control.

You’ll find below all the articles for each single technical analysis patterns, indicators and concepts. We sincerely hope it’ll help you succeed!

How to trade a Morning Star candlestick pattern?

How to trade a Morning Star candlestick pattern?

Key takeaways A morning star pattern is a bullish 3-bar reversal candlestick patternIt starts with a tall red candle, then a small candle and finishes with a tall green candleThe middle candle reports indecision in the marketThe opposite pattern is the evening star...

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How to trade the Descending Triangle pattern?

How to trade the Descending Triangle pattern?

A descending triangle forms with an horizontal resistance and a descending trendline from the swing highsTraders can use the descending triangle pattern as a signal to enter a short position at breakdownThe opposite technical pattern is the ascending triangle What is...

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How to trade the Double Bottom pattern?

How to trade the Double Bottom pattern?

The double bottom looks like the letter "W"Price touches twice a support levelThe double bottom pattern follows a downtrendIt signals the reversal and the beginning of a potential uptrend What is a Double Bottom classical pattern? A double bottom pattern is a classic...

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How to trade the Harami candlestick pattern?

How to trade the Harami candlestick pattern?

The Harami pattern is a 2-bar reversal candlestick patternThe 2nd bar is contained within the 1st one Statistics to prove if the Harami pattern really works What is the Harami candlestick pattern? Even though the word Harami appears...

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How to trade the AB=CD harmonic pattern?

How to trade the AB=CD harmonic pattern?

The AB=CD harmonic is reversal patternDepending on the context, it can be bullish or bearishIt should follow specific fibonnaci ratios : BC is the 61.8 percent Fibonacci retracement of ABCD is the 127.2 percent Fibonacci extension of BC Interested in learning more...

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How to trade a Symmetrical Triangle pattern?

How to trade a Symmetrical Triangle pattern?

A symmetrical triangles forms when the price of a security consolidates between two trend lines with similar slopesIt can break in both directions, up or downThe symmetrical triangle helps frame your entry, stop and target What is the Symmetrical Triangle pattern?...

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How to trade a Gartley harmonic pattern?

How to trade a Gartley harmonic pattern?

The Gartley pattern is a 4-legged harmonic patternIt can be bullish or bearish It follows clear fibonacci levels (see the Gartley ratios paragraph for detail) Interested in learning more about harmonics pattern in general?You'll love this two courses I shortlisted for...

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How to trade a Double Top pattern?

How to trade a Double Top pattern?

The double top looks like the letter "M"Price touches twice a resistance levelThe double top pattern follows an uptrendIt signals the reversal and the beginning of a potential downtrend What is the Double Top pattern? A double top is a very bearish technical reversal...

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Ascending Triangle Pattern: Full Guide [2022]

Ascending Triangle Pattern: Full Guide [2022]

The ascending triangle pattern is a continuation pattern. Price typically breakout in the direction of the prevailing trend.It forms between a horizontal resistance and an upward slope trendlineIt helps traders frame their trade, giving an entry, stop and target If...

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Trading the Evening Star candlestick pattern

Trading the Evening Star candlestick pattern

An evening star pattern is a bearish 3-bar reversal candlestick patternIt starts with a tall green candle, then a small candle and finishes with a tall red candleThe middle candle reports indecision in the marketThe opposite pattern is the morning star pattern...

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How to trade a Rising Wedge classical pattern?

How to trade a Rising Wedge classical pattern?

A rising wedge forms when two converging upward slope trendlines encapsulate the priceIt is a bearish pattern What is a Rising Wedge? Rising wedge is a popular reversal pattern that can easily be predicted in nature. It offers clues to traders on the direction and...

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Engulfing Candlestick Pattern: Complete Guide

Engulfing Candlestick Pattern: Complete Guide

An engulfing pattern is a 2-bar reversal candlestick patternThe first candle is contained with the 2nd candleA bullish engulfing pattern has a red candle engulfed within a green candleA bearish engulfing pattern has a green candle engulfed within a red candle...

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Cup and Handle Pattern: Definition & Strategy

Cup and Handle Pattern: Definition & Strategy

Chart patterns usually occur when the cost of an asset goes towards a direction that a common shape, like a rectangle, triangle, head and shoulders, or in this case, a cup and handle pattern. These patterns are great ways to trade visually. They offer a logical point...

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Inverse Head and Shoulders Pattern: Full Guide

Inverse Head and Shoulders Pattern: Full Guide

Traders apply charts when studying various patterns in market trends, including the inverse head and shoulders pattern. This pattern is characterized by three troughs (both the upward head and shoulders have peaks), with the middle trough being the deepest. An inverse...

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Three Black Crows Candlestick Pattern: Definition

Three Black Crows Candlestick Pattern: Definition

The three black crows is a 3-bar bearish reversal patternThe pattern consists of 3 bearish candles opening above the previous one and closing below the midpoint of the previous candleEach candle should be relatively large to show the strong participation Statistics to...

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Falling Wedge Pattern: Ultimate Guide [2022]

Falling Wedge Pattern: Ultimate Guide [2022]

Out of all the chart patterns that exist in a bullish market, the falling wedge is an important pattern for new traders. It is a very extreme bullish pattern for all instruments in any market in any trend. Depending on the educator and educational material you’ve read...

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Bullish & Bearish Pennant Pattern: Definition

Bullish & Bearish Pennant Pattern: Definition

The pennant pattern is a continuation pattern.The pennant shows a time of consolidation before to (likely) continue of the same trend with a breakout.The consolidation period should have lower volume and the breakouts should occur on higher volume. What is the Pennant...

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Head and Shoulders Pattern: The Ultimate Guide

Head and Shoulders Pattern: The Ultimate Guide

Recognizing chart patterns is one of the most reliable techniques for trading the market. There are various chart formations that traders can observe and apply to their arsenal. Today, we will go through one of the most dependable chart patterns: the head and...

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Inverted Hammer Candlestick Pattern: What is it?

Inverted Hammer Candlestick Pattern: What is it?

The inverted hammer is a 1-bar bullish candlestick pattern.It looks like a letter "T" upside-down. Statistics to prove if the Inverted Hammer pattern really works What is the Inverted Hammer candlestick pattern? As far as the...

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Gravestone Doji Candlestick Pattern: Full Guide

Gravestone Doji Candlestick Pattern: Full Guide

The Gravestone Doji Candlestick Pattern is one of the fabulous and versatile patterns in trading. It an interesting bearish trend reversal candlestick pattern. Some traders, use this pattern in their daily lives to learn about the feel of the market. The article is...

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Mat Hold Candlestick Pattern: Complete Guide

Mat Hold Candlestick Pattern: Complete Guide

The Mat Hold candlestick pattern is a 5-candle patternIt can be bullish or bearish depending on its formationFor the bullish pattern, there is a tall green candle, 3 small red candles and the last candle is a tall green candle closing above the patternFor the bearish...

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Cypher Harmonic Pattern: Definition & Strategy

Cypher Harmonic Pattern: Definition & Strategy

The cypher pattern trading strategy teaches traders how to correctly trade and draw the cypher pattern. The cypher harmonic pattern can be used on its own and provide traders a profitable forex trading strategy. It is not surprising that geometric patterns are used in...

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Falling & Rising Three Methods Patterns

Falling & Rising Three Methods Patterns

Candlestick patterns have become the preferred method of charting for a lot of traders. Their colorful bodies make it simple to spot market action and patterns that could hold predictive value; they also form patterns that have various meanings. One pattern is the...

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Hikkake Candlestick Pattern: Full Guide

Hikkake Candlestick Pattern: Full Guide

Trading price action usually brings about surprise and excitement at the same time. Price is commonly used as a base for any technical analysis, and the hikkake trading strategy takes in consideration three price action bars to identify the pattern. The pattern looks...

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Separating Lines Candlestick Pattern: Definition

Separating Lines Candlestick Pattern: Definition

Traders have applied candlestick patterns in analyzing the movement of a market. One of such patterns is the separating lines candlestick pattern. The pattern comes up when there's an uptrend in the market and when there's also a pullback.  The separating lines...

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Three Inside Up & Down Pattern: Complete Guide

Three Inside Up & Down Pattern: Complete Guide

To interpret candlestick patterns, you need to look for particular formations. These candlestick formations assist traders know how the price is likely to behave next. In this article, we will go in-depth into the Three Inside Up / Down candlestick pattern. Some...

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Three-Line Strike Pattern: Complete Guide [2022]

Three-Line Strike Pattern: Complete Guide [2022]

Recognizing patterns is a necessary aspect of technical analysis. Traders should make sure that if they have a moment of doubt, they can act on a situation if they have seen it before. In this article, we will cover in-depth the Three Line Strike candlestick pattern....

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Three Outside Up & Down Candlestick Pattern

Three Outside Up & Down Candlestick Pattern

The Three Outside Up & Down candlestick patterns are 3-bar opposite reversal patterns.They are made of one up or down candle and then 2 candles of the opposite color.The second candle contains the first one.The third candle closes over (for the bullish formation)...

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Triple Bottom Pattern: Definition & Strategy

Triple Bottom Pattern: Definition & Strategy

The triple bottom pattern is a bullish reversal pattern. It's created when price bounces off support 3 time at similar levels.It's a sign the buyers are coming in the market to avoid the security price to drop lower. What is the Triple Bottom pattern? The Triple...

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Dragonfly Doji Candlestick Pattern: Full Guide

Dragonfly Doji Candlestick Pattern: Full Guide

The dragonfly doji candlestick pattern is a 1-candle bullish pattern.It looks like the letter "T".It prints when the candle as a long bottom shadow but (almost) no upper shadow and open and close are almost the same. Statistics to prove if the Dragonfly Doji pattern...

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Butterfly Harmonic Pattern: Trading Secrets

Butterfly Harmonic Pattern: Trading Secrets

When you decide to trade, the secret to becoming successful is in reading patterns. Harmonic price patterns take geometric price patterns to the next level by applying Fibonacci numbers to define specific turning points. Unlike other more trading processes, this...

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Rectangle Pattern: What is it? How to trade it?

Rectangle Pattern: What is it? How to trade it?

The Rectangle pattern is bullish or bearish depending on the direction of the breakoutIt forms when price oscillates between a horizontal support and resistance. What is the Rectangle pattern? The rectangle formation is a classical technical analysis pattern shown by...

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Shark Harmonic Pattern: Full Guide [2022]

Shark Harmonic Pattern: Full Guide [2022]

When it comes to harmonics, trading forex is very similar to the animal world. After crabs and butterflies, sharks have come to share their name with popular five-point patterns used in trading. A very new pattern, the shark harmonic pattern, was discovered by Scott...

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Bat Harmonic Pattern: How to trade it?

Bat Harmonic Pattern: How to trade it?

The Bat harmonic pattern is close to the Gartley pattern. It is a retracement and continuation pattern that comes up when a trend temporarily changes its direction but then continues on its original course. The Bat harmonic pattern is a reversal pattern.It follows...

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Three Drives Harmonic Pattern Explained

Three Drives Harmonic Pattern Explained

Trading with technical analysis demands traders to depend mostly on a mixture of technical indicators and trade based on the signals from this approach. Apart from using technical indicators, traders also utilize chart patterns to base their trading decisions, whether...

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Key Reversal Bar Pattern: Complete guide [2022]

Key Reversal Bar Pattern: Complete guide [2022]

Most times, traders take a 'ready, fire, aim' process to trade which is a backward way of trading. Trade is different from a trade trigger. A trade setup that most traders are always on the lookout for is a key reversal bar pattern combination. It forms when prices...

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5-0 Harmonic Pattern: Complete guide [2022]

5-0 Harmonic Pattern: Complete guide [2022]

The 5-0 pattern is a reversal harmonic pattern.It follows specific fibonacci ratios (which you can read more below) Interested in learning more about harmonics pattern in general and you prefer videos to text?You'll love this two courses I shortlisted for you on...

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Belt Hold Candlestick Pattern: Trading Guide

Belt Hold Candlestick Pattern: Trading Guide

All patterns have a unique tale to tell about market forces that lead to its formation. And traders might benefit by trying to identify what drove the market to where it is now. Knowing exactly why a market carried out a particular move is almost impossible. Having...

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Three Stars in the South Candlestick Pattern

Three Stars in the South Candlestick Pattern

The Three Stars in the South candlestick pattern is a very rare pattern that doesn't typically precede large price moves.The bullish pattern forms with three black or red (down) candles of decreasing size. It usually follows a price decline.The bearish pattern forms...

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Triple Top Pattern: What is it? How to trade it?

Triple Top Pattern: What is it? How to trade it?

The triple top pattern is a bearish reversal pattern.It's created when price bounces off resistance 3 time at similar levels.It's a sign the sellers are coming in the market to avoid the security price to shoot higher. What is a Triple Top pattern? Triple top is a...

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Relative Strength Index (RSI): Complete Guide

Relative Strength Index (RSI): Complete Guide

The RSI (Relative Strength Index) indicator is a popular momentum oscillator.It provides traders with bullish and bearish price momentum signal.When the RSI is above 70%, it's considered overbought; when it's below 30%, it's considered oversold. What is the Relative...

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Stochastic Oscillator: Full Trading Guide [2022]

Stochastic Oscillator: Full Trading Guide [2022]

The stochastic oscillator is a popular momentum technical indicator.It gives traders overbought and oversold signals. What is the Stochastic indicator? The Stochastic Oscillator is a momentum indicator A stochastic oscillator is a momentum indicator that compares a...

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MACD Indicator: The Ultimate Guide [2022]

MACD Indicator: The Ultimate Guide [2022]

The Moving Average Convergence Divergence (MACD) is both a momentum and trend following indicator.It is calculated by subtracting the 26-period EMA (Exponential Moving Average) from the 12-period EMA.There are several ways to read it:When the lines crossWhen the...

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Momentum Indicator (MOM): Full Guide

Momentum Indicator (MOM): Full Guide

Traders use momentum indicators to have a better understanding of the speed or rate at which the price of a security changes. Momentum indicators are best used with other indicators and tools because they don’t work to detect the direction of movement, only the...

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Accumulation / Distribution: The Complete Guide

Accumulation / Distribution: The Complete Guide

The accumulation distribution indicator (ADL) is a volume-measurement kind of indicator. It was created by a well-known trader and analyst, Marc Chaikin, as a stock selection tool. He has subsequently found broader application as a leading indicator for other markets,...

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Moving Average Indicator: Traders best friend

Moving Average Indicator: Traders best friend

A SMA (Simple Moving Average) indicator calculates the average of prices for a given number of periods.The SMA is used alone (for its slope) or with others MAs (for the crossing). What is the Moving Average indicator? In technical analysis, the moving average is an...

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Aroon Indicator: Full Trading Guide

Aroon Indicator: Full Trading Guide

The Aroon indicator is composed of two line:An up line which measures how far is the previous highA down line wich measures how far is the previous lowWhen AroonUp is above AroonDown, it gives a bullish biais.When AroonUp is below AroonDown, it gives a bearish biais....

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XABCD Harmonic Pattern: Full Guide

XABCD Harmonic Pattern: Full Guide

Chart patterns provide so many smart ways of applying harmonic patterns in your chart. Some of them are fully automated approaches and some of them are semi-automated approaches. One of them is using the XABCD harmonic chart pattern. The XABCD harmonic is a group of...

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Chaikin Money Flow Indicator (CMF)

Chaikin Money Flow Indicator (CMF)

Created by Marc Chaikin, this Chaikin Money Flow indicator measures the amount of money flow volume over a particular time. Money flow volume is the basis for the accumulation/distribution Line. Rather than having a cumulative total, Chaikin money flow combines money...

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On Balance Volume Indicator (OBV)

On Balance Volume Indicator (OBV)

The OBV (On Balance Volume) technical indicator uses volume to indicate momentum.The OBV indicator shows crowd sentiment and help traders predict a bullish or bearish outcome.It's mainly useful when in divergence with price as it shows unexpected strength or...

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Doji Star Candlestick Pattern: Complete Guide

Doji Star Candlestick Pattern: Complete Guide

A Doji Star candlestick pattern is a three-bar pattern. It is considered as a signal of a potential upcoming reversal of the current trend of the market. It is a versatile candlestick pattern that is found in two variants, bullish and bearish. Its variants depend on...

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Doji Candlestick : The indecision pattern

Doji Candlestick : The indecision pattern

Candlestick patterns that have the same opening and closing price are known as "Doji candlestick pattern". There are four basic types of Doji candles: Four-Price DojiLong-legged DojiDragonfly Doji Gravestone Doji The Doji Candlestick is a 1-bar neutral...

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Hammer Candlestick Pattern: Complete Guide

Hammer Candlestick Pattern: Complete Guide

The Hammer candlestick pattern is a bullish reversal pattern that indicates a potential price reversal to the upside. It appears during the downtrend and signals that the bottom is near. After the appearance of the hammer, the prices start moving up.  Hammer...

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Hanging Man Candlestick Pattern: Trading Guide

Hanging Man Candlestick Pattern: Trading Guide

As the name suggests, the Hanging Man candlestick pattern is a bearish sign that appears in uptrends. On occasions, it also tells traders about the upcoming price reversal. The experts of the domain suggest that the Hanging Man pattern must be taken as a warning, not...

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Homing Pigeon Candlestick Pattern Definition

Homing Pigeon Candlestick Pattern Definition

The Homing Pigeon candlestick pattern is a two-line candlestick pattern. Traditionally, traders consider it a bullish reversal candlestick pattern. However, testing has proved that it may also act as a bearish continuation pattern. This new development proves it to be...

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Long-Legged Doji Candlestick Pattern: Full Guide

Long-Legged Doji Candlestick Pattern: Full Guide

Candlestick patterns are becoming more and more popular these days for charting prices. They are easy to detect with their colorful bodies and black wicks and easy to observe the ways and the behavior of the market. One such popular candlestick pattern is the...

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Piercing Line Candlestick Pattern: Full Guide

Piercing Line Candlestick Pattern: Full Guide

A Piercing line candlestick pattern is a two-day bullish candlestick reversal pattern that appears in a downtrend. It signals a potential short term reversal from downwards to upwards. It consists of two major components, a bullish candle of day 2 and a bearish candle...

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Rickshaw Man Candlestick Pattern: Definition

Rickshaw Man Candlestick Pattern: Definition

The Rickshaw Man candlestick pattern is very similar to the Long-Legged Doji pattern. A Long-Legged Doji pattern is the one that has a closing and opening price happening at or in the middle of the shadows. The high and low prices are far apart and make very long...

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Spinning Top Candlestick Pattern: What is it?

Spinning Top Candlestick Pattern: What is it?

The Spinning Top candlestick pattern is a versatile single candle pattern. It is versatile and mysterious because of its formation that can occur at the peak of an uptrend, in the very middle of a trend, or at the bottom of a downtrend. It is a small candlestick...

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Takuri Candlestick Pattern: Definition & Tactics

Takuri Candlestick Pattern: Definition & Tactics

The Takuri candlestick pattern is a single candle bullish reversal pattern. It has a very small body with a much longer lower wick and without an upper wick. This pattern illustrates how a downtrend is opposed by the bulls and the candle eventually closes near its...

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Average True Range (ATR) Indicator

Average True Range (ATR) Indicator

Average True Range (ATR) indicator is one of the most influential technical analysis tools that track volatility in a predefined period of time. Unlike most of the indicators, ATR does not identify trends and only focuses on measuring volatility in a particular...

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Donchian Channel: Definition & Secrets

Donchian Channel: Definition & Secrets

The Donchian Channel indicator is an intraday trend following indicator that allows you to identify trends. As we all know that trade breakouts is a popular trend following strategy. Breakouts can be conveniently measured through the lowest low and highest high. It...

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Fisher Transform Indicator

Fisher Transform Indicator

The Fisher Transform indicator is an oscillator that helps traders to satisfactorily identify significant trend reversal. It identifies trend reversals through normalization of prices over a predefined number of periods by the users. It also helps to visualize the...

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Island Reversal Candlestick Pattern: Full Guide

Island Reversal Candlestick Pattern: Full Guide

An Island Reversal Pattern appears when two different gaps create an isolated cluster of price.It usually gives traders a reversal biais. What is the Island Reversal candlestick pattern? The Island Reversal candlestick pattern is a fantastic candlestick pattern that...

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Know Sure Thing (KST) Indicator: Full Guide

Know Sure Thing (KST) Indicator: Full Guide

The Know Sure Thing indicator, or KST, is a momentum oscillator.It takes into account four time periods (and not a single one as other indicators).It gives traders a bullish or bearish biais. The Know Sure Thing (KST) indicator that gives bullish and bearish...

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McGinley Dynamic Indicator: Full Guide [2022]

McGinley Dynamic Indicator: Full Guide [2022]

The Mcginley Dynamic indicator is an indicator that is based on moving average line indicator with a soothing mechanism. Its soothing mechanism is so effective that it tracks prices far better than any other indicator. There is an inherent problem in all moving...

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Rate of Change Indicator: Complete Guide [2022]

Rate of Change Indicator: Complete Guide [2022]

The Rate of Change (RoC) indicator is an unbounded momentum oscillator.Three main states are possible:A rising RoC above zero typically confirms an uptrend A falling RoC below zero indicates a downtrendA RoC hovering near zero hints for consolidation What is the ROC...

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VWAP: The Ultimate Intraday Indicator

VWAP: The Ultimate Intraday Indicator

There are various technical indicators that have made the analysis of the financial markets remarkably easy. Some of them work with the objective of finding momentum. Others aim to find potential points of interest on a chart. But what is the most important aspect of...

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Volume-Weighted Moving Average (VWMA) Indicator

Volume-Weighted Moving Average (VWMA) Indicator

If you have an interest in financial trading, you must have knowledge of two concepts, moving averages and volume. Moving averages is one of the most common and widely used indicators in the financial trading world. Volume is also another important concept that is...

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Zig Zag: The Trend Highlighting Indicator

Zig Zag: The Trend Highlighting Indicator

The Zig Zag indicator helps traders reduce market noise. It highlights underlying trends with its higher highs or lower lows.The indicator works best in strongly trending markets. What is the Zig Zag indicator?  The Zig Zag indicator is a very well-known tool by...

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Stochastic RSI indicator: Full Guide [2022]

Stochastic RSI indicator: Full Guide [2022]

The oscillator helps trader take advantage of both momentum indicators to make another indicator. The new indicator is more sensitive and synchronises well to the historical performance of a particular security. It doesn’t generalized analysis of price variation. In...

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Ease of Movement Indicator: Definition

Ease of Movement Indicator: Definition

Ease of movement (EMV) momentum indicator shows the link between the rate of change in the price of an asset and its volume. It is best to use it for the daily chart and longer timeframes. Just as its name implies, the bigger the magnitude of the indicator, the easier...

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Bollinger Bands Indicator: The Complete Guide

Bollinger Bands Indicator: The Complete Guide

John Bollinger created the technique of using a moving average with two trading bands below and above it. He introduced this technique in the 1980s and he trademarked this term in 2011. Bollinger was a long-time technician of the markets. Previously, it was known as...

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Williams %R indicator: The Complete Guide

Williams %R indicator: The Complete Guide

The Williams %R indicator oscillates between 0 and -100.When its value is above -20, it sends an overbought signal.When its value is below -80, it sends an oversold signal.Overbought and oversold signals are clues the price is reaching extremes. What is the Williams...

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Parabolic SAR indicator: The ideal stop loss?

Parabolic SAR indicator: The ideal stop loss?

The Parabolic SAR indicator helps traders spot trend direction and potential reversals.It appears on charts as a series of dots/cross above (when price is going down) or below (when price is going up) security’s price.It’s mainly used as a trailing stop. What is the...

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Awesome Oscillator Indicator: Definition

Awesome Oscillator Indicator: Definition

The legendary chartist, Bill Williams created the Awesome Oscillator indicator. He showed it as the best momentum indicator that is as simple as it is elegant. Traders use it to determine the momentum of the asset at hand in the course of recent events within the...

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Volume Profile Indicator: The “Unfair” Advantage

Volume Profile Indicator: The “Unfair” Advantage

Volume Profile shows the price where the security was most traded.It takes a given range for computation (either visible or fixed).The more volume traded at a given price, the bigger the Volume Profile bar will be. What is the Volume Profile indicator? Volume Profile...

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Money Flow Index Indicator: Full Guide

Money Flow Index Indicator: Full Guide

The Money Flow Index (MFI) indicator is a momentum indicator.When MFI is above 80, the market is considered overbought.When MFI is below 20, the market is considered oversold.The indicator value can be used on its own, but it also can be used when it draws in...

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Directional Movement Index (DMI) Indicator

Directional Movement Index (DMI) Indicator

The Directional Movement Index (DMI) is composed of 2+1 linesThe -DI line shows the selling pressure (-DI),The +DI line shows the buying pressure And the DX line shows the difference between the two othersWhen +DI is above -DI, it means the price is mainly having...

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Average Directional Index (ADX) Indicator

Average Directional Index (ADX) Indicator

The Average Directional Index is built on top of the Directional Movement Index.When ADX > 25, the trend is considered to be strong.When ADX < 20, the trend is considered weak or trendless. What is the Average Directional Index (ADX)? Average Directional...

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Balance of Power Indicator: Complete Guide

Balance of Power Indicator: Complete Guide

The Balance of Power indicator measures the strength of buyers in the market against sellers.It does so by assessing how able each side are to drive prices to an extreme level. Balance of Power = (Close price – Open price) / (High price – Low price)The result can be...

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Choppiness Index Indicator: How to trade it?

Choppiness Index Indicator: How to trade it?

The Choppiness Index indicator is a volatility indicator.It determines whether the market is following a trend or the market is choppy and trading sideways. The Choppiness Index indicator is a volatility indicator that determines whether the market is following a...

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Coppock Curve Indicator: Trade it like a pro

Coppock Curve Indicator: Trade it like a pro

The Coppock Curve indicatoris a momentum indicator.It helps to identify long-term trading opportunities in the stock market.The Zero-Line functions as a trade-trigger. It gives the buying signal when the Coppock Curve is above zero and selling signals when the Coppock...

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Dead Cat Bounce: The Best Secrets

Dead Cat Bounce: The Best Secrets

The dead cat bounce pattern is a specific stock chart phenomenon that occurs during a long downtrend.It is a short term reversal bounce that takes place in the context of a very long downtrend.In simple words, the pattern is a correction of a long bearish trend. The...

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Elliott Waves Theory: The Complete Guide [2022]

Elliott Waves Theory: The Complete Guide [2022]

Elliott Waves help traders better understand where price is within bigger trend.There are two types of waves: motive and corrective.Proper Elliott Waves follow strict counts (12345 for motive waves, ABC for corrective waves). The impulsive phases establish the trend...

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Fibonacci extensions: Definition & Tactics

Fibonacci extensions: Definition & Tactics

Fibonacci extensions are projections to give clues about where price could reverse in unchartered territories.123.6%, 138.2%, 150%, 161.8%, and 178.6% are the most important Fibonacci extensions levels. Fibonacci extensions, also known as Fibonacci expansions or...

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Fibonacci Retracement: How to trade it?

Fibonacci Retracement: How to trade it?

Fibonacci Retracement gives traders levels for the price to retrace after 23.6%, 38.2%, 50%, 61.8% and 78.6% are the most common levels. Fibonacci Retracement or Fib Retracement is a technical analysis tool that traders use to predict areas of interest on a chart. Fib...

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Ichimoku Cloud: The “All In One” Indicator?

Ichimoku Cloud: The “All In One” Indicator?

The Ichimoku Cloud is composed of five lines. The include a:nine-period average, 26-period average, average of those two averages, 52-period average, and a lagging closing price line.The Cloud is a key part of the indicator. When price is below the cloud the trend is...

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Moving Average Crossover: Strong trading signals

Moving Average Crossover: Strong trading signals

Moving Average Crossover signals a trend reversal.The most popular one is between the 50-MA & 200-MA.The bullish cross is the golden cross and the bearish cross is the death cross. Before you keep looking down this article, you should check 2 of courses I...

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Keltner Channel Indicator: Definition & Secrets

Keltner Channel Indicator: Definition & Secrets

The Keltner Channel is a volatility based indicator.It indicates whether the market's trend is likely to continue or it may change direction.It is generally built with a 20-period EMA as the center line and two lines above at a 2 Average True Range distance. The...

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Pivot Point Indicator: The Complete Guide

Pivot Point Indicator: The Complete Guide

The Pivot Point indicator automatically draws potential resistance/support levels.It make use of the high, low, and close of the previous period to estimate future support/resistance levels. Pivot points are important levels chartists that traders use to detect...

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Mass Index Indicator: What is it? How to trade?

Mass Index Indicator: What is it? How to trade?

The Mass Index indicator helps traders determine trend reversals.It examines the difference between low and high prices in a security over a period.It calculates with the exponential moving average (EMA) of price over a nine-days period and the exponential moving...

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Volume Oscillator: The professional guide!

Volume Oscillator: The professional guide!

The Volume Oscillator identifies the trend in volumes with a system of two Exponential Moving Averages..The Volume Oscillator is made up of two moving averages of volume, one fast and the other slow.The moving average of the fast volume is subtracted from the moving...

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Ultimate Oscillator: How to trade it?

Ultimate Oscillator: How to trade it?

The Ultimate Oscillator is a momentum indicator.It integrates three various times within one value.It directs traders on how to better time their entry and exits in the market.  The ultimate oscillator is a momentum indicator. It grabs momentum across three...

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Relative Vigor Index: The Full Indicator Guide

Relative Vigor Index: The Full Indicator Guide

The Relative Vigor Index indicator is an oscillator.It measures the strength behind a price move.It compares the end price range and offers a reading of the strength of price movement up or down. The Relative Vigor Index compares the end price range and offers a...

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Commodity Channel Index Indicator: Full Guide

Commodity Channel Index Indicator: Full Guide

The Commodity Channel Index is a momentum-based indicator.It helps traders determine when an investment vehicle gets to a condition of being overbought or oversold.This information makes it possible for traders to know if they want to enter or leave a trade. The...

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Williams Alligator Indicator: The Complete Guide

Williams Alligator Indicator: The Complete Guide

The Williams Alligator indicator is composed of 3 lines. Each line is a Moving Average is a different period (5-8-13).It helps traders understand the market trend and potential reversal. When the fastest line is above the middle one which is above the slow one, trend...

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Williams Fractal Indicator: Full Guide

Williams Fractal Indicator: Full Guide

The Williams Fractal indicator detects patterns known as fractals.The fractals are made of five or more bars.It helps traders spot potential bullish and bearish price reversals. If you're wondering where to go to chart your favorite markets and display the Williams...

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Volume Price Trend Indicator: Full Guide [2022]

Volume Price Trend Indicator: Full Guide [2022]

The Volume Price Trend is a volume momentum indicator.It makes use of both percentage changes in price and volume. It uses them to confirm the strength of the trend in price. The volume price indicator adds or subtracts multiples of a percentage change in recent stock...

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Chande Kroll Volatility Stop Indicator: Tutorial

Chande Kroll Volatility Stop Indicator: Tutorial

The Chande Kroll Stop indicator is made of two lines.It automatically allows placement of protective stops based on both upward and downward volatility. Tushar Chande and Stanley Kroll suggested the Chande Kroll Stop indicator in their book “The New Technical Trader”....

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Trendlines: What is it? How to trade with it?

Trendlines: What is it? How to trade with it?

Trendlines connect two price points at least and may extend further forward to indicate support and resistance areas.It helps traders understand the trend and possible reversals. Trendlines are an indicator that helps to identify and confirm trends. It is a simple but...

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Broadening Top Pattern: Full Guide

Broadening Top Pattern: Full Guide

The broadening top pattern is a bearish reversal pattern.It's tougher to trade than other classical patterns as lows and highs get taken out one by one.It can also be called the "megaphone pattern". What is the broadening top pattern?  The broadening top pattern...

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Two Crows candlestick pattern: What is it?

Two Crows candlestick pattern: What is it?

The Two Crows candlestick pattern is a three-line bearish reversal pattern.How to identify the pattern:The market must be in an uptrend. The first candle must be a long white candle. The second candle is a short black candle that starts with an...

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Upside Gap Three Methods Candlestick Pattern

Upside Gap Three Methods Candlestick Pattern

The upside gap three methods candlestick pattern is a 3-bar bearish continuation pattern.It has 2 green candles and a red one.The second candle gaps above the first one. Statistics to prove if the Upside Gap Three Methods pattern really works [displayPatternStats...

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Closing Marubozu candlestick pattern: Definition

Closing Marubozu candlestick pattern: Definition

The Closing Marubozu is a 1-bar continuation candlestick pattern.It's a long candle close at it's high (bullish) or low (bearish). Statistics to prove if the Closing Marubozu pattern really works What is the Closing Marubozu...

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Thrusting candlestick pattern: What is it?

Thrusting candlestick pattern: What is it?

The Thrusting candlestick pattern is a two-bar pattern.The second candle gaps up/down and then retrace to close within the 1st candle's body. Statistics to prove if the Thrusting pattern really works What is the Thrusting...

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Identical Three Crows Candlestick Pattern

Identical Three Crows Candlestick Pattern

The identical three crows candlestick pattern is a 3-bar bearish reversal pattern.It occurs during an uptrend.It is made of three consecutive bearish candlesticks. Statistics to prove if the Identical Three Crows pattern really works [displayPatternStats...

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Ladder Top candlestick pattern: Complete Guide

Ladder Top candlestick pattern: Complete Guide

The Ladder Top candlestick pattern is a 5-bar bearish reversal pattern that appears at the end of a bullish trend.You can identify it with the following characteristics: The first three candles are always white with long real bodies opening and closing above the open...

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Up-Gap Side By Side White Lines Pattern

Up-Gap Side By Side White Lines Pattern

The up-gap side by side white lines candlestick pattern is a 3-bar bullish continuation pattern.The first and second lines are separated by a bullish gap. Statistics to prove if the Up-Gap Side By Side White Lines pattern really works [displayPatternStats...

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Down-Gap Side By Side White Lines Pattern

Down-Gap Side By Side White Lines Pattern

The down-gap side by side white lines candlestick pattern is a 3-bar bearish continuation pattern.It appears during a downtrend. Statistics to prove if the Down-Gap Side By Side White Lines pattern really works What is the...

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Upside Gap Two Crows Candlestick Pattern

Upside Gap Two Crows Candlestick Pattern

The upside gap two crows candlestick pattern is a 3-bar bearish reversal pattern.It appears during an uptrend. Statistics to prove if the Upside Gap Two Crows pattern really works What is the upside gap two crows candlestick...

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Matching Low candlestick pattern: Complete Guide

Matching Low candlestick pattern: Complete Guide

The matching low candlestick pattern is a 2-bar bullish reversal pattern. It occurs during a downtrend.As his name suggests, both lows from the 2 candles are equal. Statistics to prove if the Matching Low pattern really works ...

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Tasuki gap candlestick pattern: What is it?

Tasuki gap candlestick pattern: What is it?

The Tasuki gap candlestick pattern is a three-bar continuation pattern.The first two candles have a gap between them.The third candle then closes the gap between the first two candles.  Statistics to prove if the Tasuki Gap pattern really works...

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Harami Cross candlestick pattern: What is it?

Harami Cross candlestick pattern: What is it?

The harami candlestick pattern consists of two candlesticks.The first candle is a big one and the second candle is a doji, contained within the first one's body. Statistics to prove if the Harami Cross pattern really works What...

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Downside Gap Three Methods pattern: Definition

Downside Gap Three Methods pattern: Definition

The downside gap three methods is a 3-bar candlestick pattern.It appears during a downtrend.The first two candles have a gap down between them while the third candle covers the gap between the first two. Statistics to prove if the Downside Gap Three Methods pattern...

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Unique Three River Candlestick Pattern

Unique Three River Candlestick Pattern

The unique three river bottom candlestick pattern is a bullish reversal pattern.It occurs during a downtrend in the market. Statistics to prove if the Unique Three River pattern really works What is the unique three river...

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Advance Block Candlestick Pattern

Advance Block Candlestick Pattern

The advance block candlestick pattern is a 3-bar bearish reversal pattern.It has three long green candles with consecutively higher closes than the previous candles.Each candle has a shorter body than the previous one. Statistics to prove if the Advance Block pattern...

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Three White Soldiers Candlestick Pattern

Three White Soldiers Candlestick Pattern

The three white soldiers candlestick pattern is a 3-bar bullish pattern.It has 3 long green candles, each making new higher high.Each candle's body should be approximately the same size. Statistics to prove if the Three White Soldiers pattern really works...

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Ladder Bottom candlestick pattern: Definition

Ladder Bottom candlestick pattern: Definition

The ladder bottom candlestick pattern is a 5-bar bullish reversal pattern.It forms following these characteristics:The first three long black candlesticks, resembling three black crows formation, with successive lower opens and closeThe fourth is also a black...

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Breakaway candlestick pattern: Full Guide

Breakaway candlestick pattern: Full Guide

The breakaway candlestick pattern is a five bar reversal candlestick pattern.It can be bullish or bearish.The first candle must be a long candle.The next three candles must be spinning tops. The second candle must also create a gap between the first and...

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Counterattack candlestick pattern

Counterattack candlestick pattern

The counterattack candlestick pattern is a reversal pattern that indicates the upcoming reversal of the current trend in the market. There are two variants of the counterattack pattern, the bullish counterattack pattern and the bearish counterattack pattern. The...

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Concealing Baby Swallow candlestick pattern

Concealing Baby Swallow candlestick pattern

The concealing baby swallow candlestick pattern is a 4-bar bullish reversal pattern.The first candle must be a Marubozu which appears during a trend. The second candle must also be a same color Marubozu. It opens within the body of the previous candle and closes...

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Kicking candlestick pattern: Full Guide

Kicking candlestick pattern: Full Guide

The kicking candlestick pattern is a 2-bar reversal pattern.It is made of two opposite side marubozus separated by a price gap. Statistics to prove if the Kicking pattern really works The kicking candlestick pattern is a two-bar...

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Tri-star Candlestick Pattern: Complete Guide

Tri-star Candlestick Pattern: Complete Guide

The tri-star candlestick pattern is a 3-bar trend reversal pattern.There must be a clear and defined trend in the market. Three consecutive Doji candles must appear. The second Doji candle must create a gap below the first and third Doji candles creating a...

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In-neck candlestick pattern: Full Guide

In-neck candlestick pattern: Full Guide

The in-neck candlestick pattern is a 2-bar continuation pattern.Closing prices of both candles are the same or nearly the same forming a horizontal neckline. Statistics to prove if the In-neck pattern really works The in-neck...

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On-neck candlestick pattern: What is it?

On-neck candlestick pattern: What is it?

The on-neck candlestick pattern is a 2-bar continuation pattern.Closing prices of the second candle is nearly the same than first candle high/low forming a horizontal neckline. Statistics to prove if the On-neck pattern really works ...

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Stick Sandwich candlestick pattern

Stick Sandwich candlestick pattern

A stick sandwich is a 3-bar pattern.The closing prices of the two candlesticks that surround the opposite colored candlestick have to be the same. Statistics to prove if the Stick Sandwich pattern really works What is the Stick...

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High Wave Candlestick Pattern: Full Guide

High Wave Candlestick Pattern: Full Guide

High wave is a 1-bar candlestick pattern that has very long upper and lower shadows and a small real body.It shows indecision in the market. Statistics to prove if the High Wave pattern really works A lot of candlestick traders...

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Short Line candlestick pattern: Definition

Short Line candlestick pattern: Definition

The Short Line candlestick pattern is a 1-bar very simple to understand pattern.It simply consists in a candle with a short body.There are various kind of specific variations of the short line pattern (doji, hammer, hanging man, shooting star). Let's go in-depth about...

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Modified Hikkake Candlestick Pattern

Modified Hikkake Candlestick Pattern

The modified Hikkake candlestick pattern is the more specific and upgraded version of the basic Hikkake pattern.The difference with the normal pattern is that the "context bar" is used prior to the inside price bar. It consists of a context bar, an inside bar, a fake...

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Stalled candlestick pattern: Complete Guide

Stalled candlestick pattern: Complete Guide

The stalled candlestick pattern is a three-bar pattern that predicts an upcoming reversal of the trend in the market. Although it is usually a bearish reversal pattern, yet there are strong possibilities that a bullish variant of the stalled pattern may also appear...

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Bat Harmonic Pattern: How to trade it?

Alternate Bat harmonic pattern: Definition

The Alternate Bat pattern is popular for incorporating the 1.13XA retracement.Firstly, an important factor is the B point retracement that must be 0.382 retracements or it must be less of the XA leg. Furthermore, it only utilizes a 2 or more BC...

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Bullish & Bearish Flag Pattern: How to trade it?

Bullish & Bearish Flag Pattern: How to trade it?

The Flag pattern is a continuation pattern. Its formation is a strong sign of consolidation (price stops to trend for a while to build back momentum).It is identifiable with 3 components: the flagpole, the flag (the consolidation part) and the continuation. The flag...

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Channel Pattern: What is it? How to trade it?

Channel Pattern: What is it? How to trade it?

The channel pattern is a technical analysis pattern that capitalizes on the trending tendencies of the market.It is also known as price channel.This pattern appears in the market when price oscillates between two lines with the same slope.It can be a rising channel or...

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Market Top and Market Bottom: Full Guide

Market Top and Market Bottom: Full Guide

TopIt's a transition from buying pressure to selling pressure is known as the market top.It often forms a double top (price checks the previously established extreme high).BottomThe market bottom is the end of the bearish or downward trend and the beginning of a...

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Market Gap: What is it? How to trade it?

Market Gap: What is it? How to trade it?

A gap appears on the technical analysis chart when there is a unfilled area. It shows there was no trading activity in that area.It happens when price closes at a level and open at a different level (higher or lower).There are different types of gaps: breakaway gap,...

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Long Line candlestick pattern: How to trade it?

Long Line candlestick pattern: How to trade it?

The Long Line candlestick pattern is a 1-bar pattern.It simply consists of a long body candle.It can be bearish or bullish. What is a long line candle?  Candlesticks provide different visual hints on the trading charts for a better and easy understanding of the...

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Support & Resistance: Definition & Tactics

Support & Resistance: Definition & Tactics

Support and resistance levels represent areas where we can anticipate a price reaction of an asset.Prices regularly stop falling and bounce back up at the support level.Prices stop rising and take a dip back at the resistance level. Support and resistance concept is...

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Divergence: Everything Traders Should Know

Divergence: Everything Traders Should Know

Divergences occur in the market when price doesn't move in the same way as an indicator.If price makes a new high/low but the indicator does not, it creates a divergence.It helps traders spot moments where price move is not a strong/weak as it looks to be.It is a...

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Implied Volatility (IV): What is it?

Implied Volatility (IV): What is it?

Implied volatility (IV) is a measure that helps traders to understand the chances of changes in the prices of a given security.In options, IV is the underlying instrument’s volatility. Implied Volatility? What is it? Implied volatility (IV) is a measure that helps...

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Schaff Trend Cycle (STC) indicator: Full Guide

Schaff Trend Cycle (STC) indicator: Full Guide

The Schaff Trend Cycle (STC) indicator is an oscillator.It helps to identify the market trends with improved speed and accuracy. The Schaff Trend Cycle (STC) indicator is an oscillator indicator that helps to identify the market trends with improved speed and...

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Hull Moving Average Indicator: Full Guide

Hull Moving Average Indicator: Full Guide

The Hull moving average indicator or HMA indicator helps to identify the current trend in the market.It is an extremely fast and smooth moving average. The Hull moving average indicator or HMA indicator helps to identify the current trend in the market. Allan Hill...

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Chaikin Oscillator: A great tools for traders?

Chaikin Oscillator: A great tools for traders?

The Chaikin oscillator measures the Accumulation/Distribution Line of MACD.A cross above the ADL indicates that investors are accumulating (buying). Price follows volume, based on an old investing axiom. When traders buy a large number of shares of a stock that appear...

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TRIX Indicator: How to trade with it?

TRIX Indicator: How to trade with it?

The Triple Exponential Moving Average (TRIX) helps investors determine the price momentum and identify oversold and overbought signals in a financial asset.It is composed of 3 main components: Zero line, TRIX line, Percentage Scale What is the TRIX Indicator? The...

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Heikin Ashi Chart: Learn how to highlight trends

Heikin Ashi Chart: Learn how to highlight trends

The Heikin-Ashi chart helps traders filter out market noise.Rather than using the open, high, low, and close like standard candlestick charts, this technique uses a modified formula based on two-period averages.Traders use the Heikin Ashi technique traders to easily...

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How to best use the Kagi Chart?

How to best use the Kagi Chart?

Kagi chart is a kind of chart that tracks the price movements of a security. While price and time appear on traditional charts, with Kagi charts, only the price is important.A Kagi chart plots price like a snake, continuously. When the price falls, the line appears...

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Candlestick Chart: All traders shoud know

Candlestick Chart: All traders shoud know

Candlestick charts are very popular.It shows 4 prices for every fixed period:Open priceClose priceHighest price for the sessionLowest price traded during the sessionTraders use the candlestick chart to determine where price is heading based on previous patterns. What...

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Point and Figure (P&F) Chart: Complete Guide

Point and Figure (P&F) Chart: Complete Guide

If the price of an asset moves up by a certain amount, then it will form an X.If the price of an asset moves down by a certain amount, then it will form an O. Xs and Os stack on top of each other, and will often form a series of Xs or Os. The size of the box is...

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Renko Chart: A way to capture big moves

Renko Chart: A way to capture big moves

Charts are important in forex trading. It is possible to effectively trade forex today without using a chart. One of the most popular forex charting styles is the Japanese chart, Renko. Renko charts are great in analyzing the market from a completely different point...

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Backtesting: The method to check your strategy

Backtesting: The method to check your strategy

Backtesting is a simulation of the past. You take the data from the past and use it to predict what would have happened if you had used a certain trading strategy.A trading system is a set of rules that tells you when to buy and sell. A backtest is a way to see if the...

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Line Chart: Why is it useful for traders?

Line Chart: Why is it useful for traders?

A line chart is the simplest and most basic type of stock chart used to analyze financial markets.The line chart only plots the closing price of the underlying security.It has a line connecting the dots created by the close price. A line chart is the simplest and most...

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Trend trading: Effective & Simple

Trend trading: Effective & Simple

Trend trading, also known as trend following, is a trading strategy based on the assumption that the current trend is likely to continue and the stock will also move in the same direction.There are three types of trend: uptrend, downtrend and sideway.An uptrend is...

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Breakout: The Market Tells You To Take a Trade

Breakout: The Market Tells You To Take a Trade

Breakout are trade opportunity which trigger when price crosses above or below a resistance or support level.It signals it can be time to open a position. It also helps frame where you should / could place your stop loss. What is a breakout? Breakout in trading means...

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Bollinger Bands Width & %B: Tactics

Bollinger Bands Width & %B: Tactics

Both the Bollinger Bands Width and the Bollinger Bands %B are indicators based on the Bollinger Bands.The Bollinger Bands Width indicator shows the width of the bands (how wide they are at any moment).The Bollinger Bands %B indicator shows the relative position of the...

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Andrew’s Pitchfork: 3 Points Make a Channel

Andrew’s Pitchfork: 3 Points Make a Channel

Andrew's pitchfork uses three points to create a channel.Pitchfork lines act a resistance and support for the price.Pitchfork's drawing is subject to personnal taste and can be controversial among traders Andrew's Pitchfork, also known as the International Line Study,...

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The Definitive Guide to the Wyckoff’s Method

The Definitive Guide to the Wyckoff’s Method

Wyckoff's method or Wyckoff's theory is one of the most complete and valuable trading theory. Wyckoff's theory helps trader understand major market swings (accumulation, distribution phases).Despite all the limitations of the Wyckoff's method, no one can deny the fact...

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Price action trading: Definition & Tactics

Price action trading: Definition & Tactics

When talking about Price Action, traders often refer to the up and down movements of a security's price.Price action is what creates technical analysis formation and chart patterns.Most indicators also are calculated out of price action. The price of a financial asset...

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Advance/Decline (A/D) Line

Advance/Decline (A/D) Line

The advance/decline (A/D) line is a breadth indicator that plots the difference between advancing stocks and declining stocks.A/D line should move in the same direction as major indexes to confirm the move.If it doesn't, it's a sign the rally or decline is nearing its...

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Ulcer Index Indicator: Measure the Risk

Ulcer Index Indicator: Measure the Risk

The Ulcer Index indicator is a technical analysis tool that measures the downside risk considering both main factors, the depth and the duration of price fall.It is a 3-step calculation. The Ulcer Index (UI) indicator bases on the idea of Ulcer disease. An ulcer is...

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Full Explanations of the Historical Volatility

Full Explanations of the Historical Volatility

Historical Volatility is a measure of movements of prices over a specified period of time.It deals with measuring the level of price fluctuations of stock prices from its average price over a specified period of time.It helps trader quantify how volatile a stock is...

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Envelope Channel Indicator: What is it?

Envelope Channel Indicator: What is it?

An envelope refers to two lines plotted above and below a security's price.It is drawn by drawing a Simple Moving Average and 2 SMA around it at a fixed distance. The Envelope or envelope channel indicator is a technical analysis tool. It helps to spot the upper and...

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Gann Fan: When Angles Create Trendlines

Gann Fan: When Angles Create Trendlines

As its name suggests, W.D. Gann developped the Gann FanThe Gann Fan is composed of a serie of lines following specific angles.Traders draw the Fan from a low or high points and line are seen as future potential support and resistance lines. Have you ever wondered...

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True Strength Index Indicator: What is it?

True Strength Index Indicator: What is it?

The True Strength Index (TSI) is a very popular and widely used momentum oscillator.It helps traders determine the trend and overbought/oversold market conditions. True Strength Index (TSI) is a very popular and widely used momentum oscillator that helps to determine...

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Klinger Volume Oscillator: Full Guide

Klinger Volume Oscillator: Full Guide

The Klinger volume oscillator is a volume-based indicator.It identifies long-term trends of money flow of a particular security. The Klinger volume oscillator is a volume-based indicator that functions to identify long-term trends of money flow of a particular...

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Smart Money Flow Index: What is it?

Smart Money Flow Index: What is it?

The smart money flow index or smart money index is an indicator. It measures the sentiment of the investors in the market. The smart money flow index or smart money index is an indicator. It measures the sentiment of the investors in the market. Don Hays, a money...

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Trading Volume: The real market insights

Trading Volume: The real market insights

Trading volume or volume of trade is a measure of completed trades in a particular security in a given period of time.It is a measure of two very important factors: market activity and liquidity.The higher the trading volume during a price move, the more significant...

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Parabolic Curve: The Market Bubble Chart Pattern

Parabolic Curve: The Market Bubble Chart Pattern

The Parabolic curve pattern is a curved trend line looking like an arc, or an elliptical shape.It appears when price accelerate its rise. The more it rises, the quicker it rises.This growth is often not sustainable so price often dumps when it breaks the parabolic...

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Stochastic Momentum Index: Upgraded Indicator

Stochastic Momentum Index: Upgraded Indicator

The Stochastic Momentum Index (SMI) is based in the Stochastic Oscillator.The SMI show the distance between the closing price and the center of each candles high/low range.It ranges between -100 and 100. William Blau developed the stochastic momentum index (SMI)...

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Disparity Index indicator: How to trade with it?

Disparity Index indicator: How to trade with it?

The Disparity Index is a momentum indicator.It shows which direction a security is heading compared to a moving average.Big moves can hint for a price correction (it acts like a overbought/oversold situation). Disparity index (DI) indicator is a technical momentum...

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Arnaud Legoux Moving Average (ALMA) indicator

Arnaud Legoux Moving Average (ALMA) indicator

The Arnaud Legoux moving average (ALMA) indicator filters out noise from the market to help the trend stand out.It uses Moving Averages to filter minor variations from the price. Arnaud Legoux moving average (ALMA) indicator is a technical analysis tool that...

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Trend Intensity Index: How to trade with it?

Trend Intensity Index: How to trade with it?

The Trend intensity index (TII) indicator measures the strength of a trend in the market.It compares the price of the last 30 days to the 60-day moving average. M.H. Pee developed the Trend intensity index (TII) indicator to measure the strength of a trend in the...

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Woodies CCI indicator: Full Updated Guide

Woodies CCI indicator: Full Updated Guide

The Woodies CCI indicator is designed to help traders identify turning points.It is a complete system with predefined rules. The Woodies CCI indicator is a technical analysis tools popular for generating strong signals for trading binary or digital options and CFDs....

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Relative Volatility Index: How to trade it?

Relative Volatility Index: How to trade it?

The Relative Volatility Index (RVI) is a volatility indicator.It is best to use it in conjunction with other momentum or trend following indicators to confirm trends. The Relative Volatility Index (RVI) is a volatility indicator that helps to identify the direction of...

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Chande Momentum Oscillator: What is it?

Chande Momentum Oscillator: What is it?

The Chande Momentum Oscillator (CMO) is a momentum indicator.It is calculated as the difference between the sum of all recent ups and the sum of all recent downs and then divided by the sum of all price movements during a predefined period. The Chande Momentum...

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Relative Momentum Index: What is it?

Relative Momentum Index: What is it?

Relative Momentum Index (RMI) indicator tries to improve the reading of the RSI indicator.It calculates a ratio of upwards changes to downwards changes in prices over N-period bars.It helps to determine the overall trend in the market. Roger Altman developed the...

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Gann HiLo Activator: How to trade it?

Gann HiLo Activator: How to trade it?

The Gann HiLo indicator helps traders determine the direction of the trends.It is built of a moving average. The Gann HiLo Activator is a technical analysis tool that follows trends in the market. Robert Krausz developed the Gann HiLo indicator to help traders to...

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Polarized Fractal Efficiency indicator

Polarized Fractal Efficiency indicator

The Polarized Fractal Efficiency (PFE) indicator helps determine the price efficiency.It determines the strength and direction of the trend. What is the Polarized Fractal Efficiency indicator?  The Polarized Fractal Efficiency (PFE) indicator is a technical...

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Arms Index & TRIN indicator: What is it?

Arms Index & TRIN indicator: What is it?

Arms Index and TRIN indicators are two names for the same indicator.The Arms Index is an oscillator which measures market volatility.It helps to gauge the overall sentiment in the market. The Arms Index is an oscillator and a leading indicator that helps to measure...

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Accelerator Oscillator: How to trade it?

Accelerator Oscillator: How to trade it?

The Accelerator Oscillator helps gauge the momentum in the market.It helps predict when the momentum will change.The Accelerator Oscillator measures the acceleration or deceleration of the current driving force in the market. The Accelerator Oscillator (AC indicator)...

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Percentage Price Oscillator indicator

Percentage Price Oscillator indicator

The Percentage Price Oscillator is based off 2 moving averages.It is very similar to the MACD indicator. The Percentage Price Oscillator (PPO) is a technical analysis tool that measures the relationship between the two moving averages in terms of percentage. These two...

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Gator Oscillator: What is it? How to trade it?

Gator Oscillator: What is it? How to trade it?

The Gator Oscillator helps to observe the degree of convergence/divergence of the balance lines.It's supplementary tool of the Alligator Oscillator. The Gator Oscillator (GO) is a technical analysis tool that helps to observe the degree of convergence/divergence of...

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McClellan Oscillator: All the indicator secrets

McClellan Oscillator: All the indicator secrets

The McClellan Oscillator is a market breadth indicator.The interpretation is similar to the MACD indicator. What is the McClellan Oscillator? The McClellan Oscillator is a technical analysis indicator. It quantifies the difference between the advancing and declining...

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Net Volume Indicator: How to trade with it?

Net Volume Indicator: How to trade with it?

Net volume indicator is a simple technical analysis tool that works on a simple calculation.It is the difference between a security's uptick volume and its downtick volume.A positive value indicates that volume uptick and buying pressure is greater than the volume...

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Elliott Wave Oscillator: The Waves Spotter

Elliott Wave Oscillator: The Waves Spotter

The Elliott Wave Oscillator (EWO) oscillates with the price.It helps traders observe when an existing wave ends and when a new one begins.It is the difference between 2 different moving averages (with different period). The Elliott Wave Oscillator (EWO) is based on...

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Bull Trap: The risky false signal

Bull Trap: The risky false signal

A bull trap occurs in financial markets when prices begin to move high and then suddenly reverse and decline.A trap deceives traders acting on the buy signal and entering long positions. Hence, it causes significant losses for investors. Financial trading is not a...

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Bear Trap: The risky false signal

Bear Trap: The risky false signal

A bear trap occurs when stocks, indexes, or other financial assets issue false signals of reversal of an uptrend in the financial market. Market participants expect a decline in prices but prices either remain unchanged or increase.Bear traps cause substantial losses...

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Gann Box: How to link price and time?

Gann Box: How to link price and time?

The Gann Box also uses innovative geometrical and mathematical relations to help traders measure and identify the recurring price cycles.Price and time levels are the partitions equally divided by the Gann Box. William Delbert Gann or WD Gann was an expert trader of...

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Rainbow Charts: How to follow the trend?

Rainbow Charts: How to follow the trend?

The Rainbow Charts indicator is a technical analysis tool that follows trend.It helps traders buy when the price is low and sell when the price is high. The Rainbow Charts indicator is a technical analysis tool that follows trend. It helps traders to visualize a full...

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Fibonacci spiral: Time and price targets

Fibonacci spiral: Time and price targets

Fibonacci spiral or Fib spiral is a technical analysis tool that helps to identify important price and time targets.Fib spiral is a tool that is based on the Fibonacci ratios. Fibonacci spiral or Fib spiral is a technical analysis tool that helps to identify important...

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Gann Square of Nine: Important Price Levels

Gann Square of Nine: Important Price Levels

The Gann Square of Nine defines important levels where price might shoot and retrace.Numbers in the square are arranged in ascending order starting from 1 as we have already discussed.The most important numbers in the Gann Square of Nine occur every 45° on nine chart....

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Hollow Candlesticks: Glance at Trend Strength

Hollow Candlesticks: Glance at Trend Strength

There are two types of candlesticks, hollow candlesticks and filled candlestick.Candlesticks also tell us about the strength of a trend in the market.The hollow candlesticks tell us that the trend is strengthening as prices move higher after the open. Different types...

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Pivot Point High/Low Indicator: Definitive Guide

Pivot Point High/Low Indicator: Definitive Guide

The Pivot Point (High/Low) indicator is a technical analysis tool that helps to anticipate potential reversals of prices in the market.It charts on the market extreme points (highs and lows). The Pivot Point (High/Low) indicator is a technical analysis tool that helps...

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Detrended Price Oscillator indicator

Detrended Price Oscillator indicator

The Detrended Price Oscillator (DPO) helps to eliminate the long-term trends in prices.To do so, it measures distance between extreme highs and lows. Gerald Appel developed the Detrended Price Oscillator (DPO). It is a technical analysis tool that helps to eliminate...

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Negative Volume Index indicator: What is it?

Negative Volume Index indicator: What is it?

The Negative Volume Index (NVI) indicator shows how down volume days impact price.It aims at reflecting the mindset of the smart money professionals. Paul Dysart invented the Negative Volume Index (NVI) indicator. It watches the trade volume and Paul considered trade...

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Rainbow Oscillator indicator: How to trade it?

Rainbow Oscillator indicator: How to trade it?

The Rainbow Oscillator is a trend following indicator.It uses multiple moving averages to hint for trend reversal. The Rainbow Oscillator indicator helps to predict the changes in the market trend and to follow trends. It offers only two possible states, the upward...

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Stoller Average Range Channels (STARC) Bands

Stoller Average Range Channels (STARC) Bands

The Stoller Average Range Channels (STARC) Bands helps traders know when to buy and sell.When market is in uptrend, the STARC bands suggest to buy near the lower band and selling near the upper band.When market is in downtrend, the STARC bands suggest the opposite....

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Candlestick Chart: All traders shoud know

How To Read Stock Charts? The Definitive Guide

Charts depict price evolution over a specific period of time.It can be drawn in many ways (line, candlestick, ...)It can show different timeframe (price every 1 hour, 1 day, 1 week, ...) To succeed in today's financial world, the right knowledge and right skills are...

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Does technical analysis work? Truth Unveiled!

Does technical analysis work? Truth Unveiled!

People offer wonder, is technical analysis useful or is technical analysis useless. They also brood over another question that, “can technical analysis beat the market?”. Does technical analysis work? Can we answer those questions as “yes” or “no?” Let us not make...

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Do Professional Traders Use Technical Analysis?

Do Professional Traders Use Technical Analysis?

Technical analysis is one of the two major analytical techniques to analyze financial markets. The second one is fundamental analysis. Fundamental analysis focuses on figuring out the true value of stocks. On the other hand, technical analysis focuses on identifying...

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Black Monday & Crash of 1987: Chart & Learnings

Black Monday & Crash of 1987: Chart & Learnings

In October 1987, stock markets were booming and enjoying a bull run of five years.The stock market crash of 1987 was so much catastrophic that it caused Dow Jones's 1987 chart to fell all of a sudden.The Dow chart 1987 faced the worst fall of history by 22.6%. The...

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Trade with the Trend and Profit from Major Market Moves

Trade with the Trend and Profit from Major Market Moves

Trading trends and developing a viable trend trading strategy are integral elements of trading. Most of the successful traders often emphasize “trade the trend.” Why, because trading trends alone is enough to make sufficient money.  Trend trading is one of the...

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What is a Rounding Top & How to Trade it Best?

What is a Rounding Top & How to Trade it Best?

What are Rounded Top Pattern? The rounded top are reversal patterns used to signal the end of a trend. It notifies traders a likely reversal point on a price chart. Rounded top pattern is represented in form of an inverted ‘u’ shape and is also known as an ‘inverse...

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TTM Squeeze Indicator Explained [Full Trading Guide]

TTM Squeeze Indicator Explained [Full Trading Guide]

Introduction The squeeze strategy has been adopted for trading and has been in use for many years. Carter developed the TTM Squeeze indicator. It is currently in use by many top and well-known charting software platforms, such as Thinkorswim and TradeStation. TTM...

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Anchored VWAP: Definition, Usage & Strategy

Anchored VWAP: Definition, Usage & Strategy

What is Anchored VWAP? Anchored volume weighted average price or simply AVWAP is a previous meaningful benchmark price on a chart selected by traders. It quantifies the average price a market has traded at, through a time frame, on the basis of both volume and price....

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V-Top Chart Pattern: Ultimate Trading Guide

V-Top Chart Pattern: Ultimate Trading Guide

What is V Top Chart Pattern? The V-top derives its name from the inverted V-shaped pattern. It comes up when price momentum changes from an aggressive purchase to an aggressive selling state. This formation is a powerful bearish reversal chart pattern and shows up in...

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Cradle Candlestick Pattern: Definition & How to Trade it

Cradle Candlestick Pattern: Definition & How to Trade it

What is the Cradle Pattern? To adequately understand candlestick patterns, you must have had a good understanding of Japanese candlesticks and all their attributes. Ideally, cradle patterns should be an indication of reversal of the recent trend. It usually takes...

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V-Bottom Chart Patterns: Ultimate Trading Guide

V-Bottom Chart Patterns: Ultimate Trading Guide

What is a V-bottom Chart Pattern? The v-bottom pattern got its name from the v-shaped pattern. This pattern comes up when price momentum moves from an aggressive selling to an aggressive buying condition. Quick signal that a v-bottom is appearing would be the...

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Step-by-Step Ultimate Guide on How to Draw Trend Lines

Step-by-Step Ultimate Guide on How to Draw Trend Lines

The lines that we draw at an angle above or below the price are trend lines. These lines are used for giving indications if any trend is immediate. Moreover, they also indicate whether the trend has changed or not. These lines are used as resistance and support and...

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J-Hook Pattern – Bullish / Bearish Candlestick Pattern

J-Hook Pattern – Bullish / Bearish Candlestick Pattern

We are here to make your investment more predictable. What is the j hook pattern? We are going to tell you over here. A vast benefit to the investors is by Candlestick signals. It helps the investors when they pinpoint the finest trades in the marketplace. The...

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Long Wick Candles & Rejection Candle: All You Should Know!

Long Wick Candles & Rejection Candle: All You Should Know!

Understanding candlesticks is crucial for trading and long wick candles or rejection candles are even more crucial. Why so? Because long wick candles indicate a reversal of the current market trend. And understanding when the current market trend is going to end and...

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Cat’s Ears Pattern – What is it & How to Identify It

Cat’s Ears Pattern – What is it & How to Identify It

Cat’s Ears Pattern is a double top pattern and also considers as one of the rarest patterns. The traders often confuses about the trades and make the most accurate predictions. They try to focus on making the possible scenarios for trading. At the beginning of...

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Wolfe Wave – Definition & Ultimate Trading Strategy

Wolfe Wave – Definition & Ultimate Trading Strategy

In this article, we are going to discuss all about the Wolfe Wave trading pattern. Keep reading to learn this pattern’s definition, its formation, and ultimate trading strategy.  Wolfe Wave trading pattern is among the most effective chart patterns. Therefore,...

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RSI vs Stochastic – Difference & Usage

The Relative Strength Index (RSI) and Stochastic are both useful indicators but what if we look at RSI vs Stochastic debate? In fact, everything has disadvantages or weaknesses despite having advantages and strengths. That's why this RSI vs Stochastic comparison must...

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10 Best Day Trading Indicators You Should Know

Day trading indicators are tools that help day traders make informed trading decisions. As you know, day trading is a difficult type of trading. Therefore, you need the latest and most helpful tools to make your endeavor a bit easy. However, it is important to choose...

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10 Best Forex Trading Indicators You Should Know

Forex trading indicators are tools used by traders to analyze market trends.  They also help traders in making informed decisions on when to buy or sell a currency pair. If you want to know about the best forex trading indicators, then you are on the right...

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Are Candlestick Patterns Reliable

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