Tri-Star: Definition, Formation, Trading, Advantages and Disadvantages

The Tri-Star Doji pattern is a candlestick formation that can signal a potential reversal in the prevailing market trend, either bullish or bearish. It consists of three consecutive Doji candlesticks, each with a small...

Jaleed Abdullah

March 5, 2024

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Symmetrical Triangle: Definition, How It Works, Formation, Trading, and Benefits

A symmetrical triangle is a chart pattern used in technical analysis. It forms when the price of an asset moves within a narrowing range, creating two converging trendlines. Visually, this looks like a triangle,...

Jaleed Abdullah

February 29, 2024

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Double Top Pattern: Definition, Formation, What It Indicates, Parts and Trader’s Thoughts

The double top pattern is a bearish reversal chart pattern that signals a potential shift from an uptrend to a downtrend. Visually, it resembles the letter “M”, with two distinct price peaks at roughly...

Jaleed Abdullah

February 27, 2024

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Ichimoku Cloud Indicator:  Definition, How it Works, Formulas, Calculations, and Trading

The Ichimoku Cloud Indicator is a technical analysis tool that combines multiple indicators into a single visual representation. It was developed by Japanese journalist Goichi Hosada in the 1930s. The Ichimoku Cloud aids traders...

Jaleed Abdullah

February 17, 2024

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Fibonacci Retracement: Definition, How it Works, Ratios, Trading, and Advantages

Fibonacci retracement is a popular technical analysis method used to identify potential support and resistance areas within a market trend. It’s derived from the Fibonacci sequence, a mathematical series discovered by Leonardo Fibonacci. This...

Jaleed Abdullah

February 16, 2024

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What is Exponential Moving Average (EMA)? Definition, Formula, Calculation, and Trading

The Exponential Moving Average (EMA) is a technical analysis tool that tracks an asset’s price trend over time, emphasizing recent price data more heavily than older data. It belongs to the moving average family...

Jaleed Abdullah

February 15, 2024

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Parabolic SAR: Definition, Key Features, Calculations, Trading, and Advantages

The Parabolic SAR (Stop And Reverse) stands as a pivotal technical indicator designed to ascertain trend direction and detect possible reversals. Originating from the technical analysis endeavors of J. Wells Wilder in the late...

Jaleed Abdullah

February 5, 2024

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Flag Pattern: Definition, Characteristics, Types, and How to Trade

The flag pattern indicates a potential continuation of the previous trend after a brief consolidation. It’s characterized by a rectangular shape formed by parallel trendlines, representing a temporary pause. There are two main types...

Jaleed Abdullah

January 23, 2024

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12 Types of Chart Patterns That You Should Know

Chart patterns are essential tools in the financial market, appearing on the price charts of various instruments like stocks, commodities, or currencies. Known also as price patterns, they are instrumental in identifying market trends....

Jaleed Abdullah

January 22, 2024

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Dragonfly Doji: Definition, Structure, Trading, Examples, and Advantages

The Dragonfly Doji is a distinctive candlestick pattern characterized by a minimal or non-existent real body and a significantly long lower shadow. This pattern is a potential indicator of a price reversal, which could...

Jaleed Abdullah

January 13, 2024

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