What is double bottom chart pattern?
A double bottom chart pattern
is a chart pattern used in t
echnical stock analysis that describes a fall in price, followed by a rebound. It’s a ‘Bullish’
pattern typically found on bar charts, line charts & candlestick charts.
Continue reading “The Series of Chart Patterns Chapter 1: “Double Bottom””
What are Pivot Points?
Pivot Points are the price levels that can act as Support & Resistance for the price movements. Pivot Points use previous HIGH, LOW & CLOSE to estimate the future Support & Resistance levels.
Continue reading “How To Predict Market Trends Using Pivot Points”
One of the main reasons that people suffer loss in the stock market could be an inability to use charts to make the correct trading decisions.
Continue reading “Why is it that some people earn profit in the stock market while others don’t?”
What is Cup & Handle chart pattern?
A Cup and Handle can be used as an entry pattern for the continuation of an established bullish trend. It´s one of the easiest patterns to identify. The cup has a soft U-shape, retraces the prior move for about ⅓ and looks like a bowl. After forming the cup, price pulls back to about ⅓ of the cups advance, forming the handle. The full pattern is complete when price breaks out of this consolidation in the direction of the cups advance.
Continue reading “The Series of Chart Patterns Chapter 14: “Cup & Handle””
Pivot is the most important level. When the market is above the pivot it’s a bullish signal and when the market is below the pivot, it’s bearish.
Continue reading “How to use Pivots”
Tutorial on how to implement RSI Momentum Strategy
Continue reading “RSI Momentum Strategy”