In technical analysis, candlestick patterns are a combination of one or more candlesticks. The pattern forms over short time periods. Candlestick pattern versus chart pattern The following chart shows ...
One of the oldest technical analysis patterns, the head and shoulders is a reversal pattern. Because it is a time-consuming pattern, traders spot it quickly and trade it accordingly. Yet, this is both ...
Today I want to build off of a previous article of mine, and elaborate on specific technical analysis patterns. The best technical analysis patterns will not only be relatively easy to spot, but also ...
Technical analysts believe that stock prices often trade in patterns, as the motivating driver behind the movement of stocks is humans, and humans exhibit the same emotions when it comes to their ...
Channel pattern is a combination of two lines that are parallel to each other and in combination, these two lines look like a channel when placed on the price chart. In the study of technical analysis ...
Traders use technical analysis to guide them to profitability in financial markets. Among their tools, triple tops and triple bottoms are standout reversal patterns that flag shifts in sentiment, ...
Gordon Scott has been an active investor and technical analyst or 20+ years. He is a Chartered Market Technician (CMT). In technical analysis, a flag is a price pattern resembling a flag on a flagpole ...