What is a Fibonacci Retracement?
Fibonacci retracement is a tool that helps user (Trader/Investor) to find the areas of support and resistance of the stock’s price. It is also used to find the Target & Stop loss of the stocks.
Continue reading “The Series of Technical Analysis Tools Chapter 2: “Fibonacci Retracement””
What is a Trend line?
A trend line is a straight line that connects two or more price points, and then extends into the future to act as a line of support or resistance. As its name implies, it helps traders recognize the trends to decide if the market is bullish or bearish.
Continue reading “The Series of Technical Analysis Tools Chapter 1: “Trend Line””
They are technical chart formations that indicate if the stock’s price has reached its low and that the downtrend has come to a close. When it is graphed, it forms a U Shape. As the name suggests, they resemble the silhouette of shallow dishes or saucers.
Continue reading “The Series of Chart Patterns Chapter 17: “Saucers””
What are Rounding Top?
The “rounding top” is a reversal chart pattern that develops after a price incline. When it is graphed, it forms an inverted U Shape. Rounding tops are found at the end of extended uptrend trends and signify a reversal in long-term price movements.
Continue reading “The Series of Chart Patterns Chapter 16: “Rounding Top””