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

0

4 Types of Supply and Demand Patterns

Supply and demand patterns are price structures that indicate potential shifts in market trends. Understanding these patterns helps traders identify areas where the balance between buyers and sellers might change. The interaction between supply...

Jaleed Abdullah

March 4, 2024

0

Demand and Supply Zone: Definition, Types, Indicators, Examples and How It Works

Supply and demand zones are crucial areas on price charts where significant buying or selling pressure exists. A demand zone is a price level where buyers are likely to step in and absorb any...

Jaleed Abdullah

March 2, 2024

0

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

0

Rectangle Chart Pattern: Definition, How It Works, What It Indicates, and How to Trade It?

The rectangle chart pattern forms when the price of an asset trades sideways within a clearly defined range for an extended period. This consolidation period creates a rectangular shape on the chart, with the...

Jaleed Abdullah

February 27, 2024

0

Rising Wedge Pattern: Definition, Formation, Characteristics, and How to Trade

A rising wedge pattern is a chart formation that often signals an upcoming bearish reversal – the end of an uptrend. Visually, it looks like a wedge angled upwards, created by two converging trendlines....

Jaleed Abdullah

February 21, 2024

0

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

0

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

0

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

0

VWAP (Volume Weighted Average Price): Definition, How it Works, Calculation, Trading, and Benefits

The Volume Weighted Average Price (VWAP) serves as a pivotal trading benchmark, aiding investors in scrutinizing stock prices effectively. VWAP essentially answers the question: what is the average price at which a stock traded...

Jaleed Abdullah

February 13, 2024

0