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

Triangle Pattern: Definition, Importance, How it work, Trading and Advantages 

Triangle pattern form on price charts when the price action consolidates within two converging trend lines. These patterns are considered continuation patterns, suggesting that the price is likely to resume its original trend direction...

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

Wedge Pattern: Definition, Key Features, Types, How to Trade, and Advantages

A wedge pattern in technical analysis is a chart formation where two converging trendlines constrain the price action of an asset. These trendlines slope either upwards (forming a rising wedge) or downwards (forming a...

Jaleed Abdullah

February 22, 2024

0

Falling Wedge Pattern: What is it? How it Works? and How to Trade?

The falling wedge pattern is a chart formation where the price action oscillates between two downward-sloping trendlines that gradually converge. While generally considered a bullish signal, it’s important to note that it can function...

Jaleed Abdullah

February 22, 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

Head and Shoulders Pattern: What Does It Mean? What Does It Indicate? How To Trade It?

The head and shoulders pattern is a chart formation used by technical analysts that signals a potential reversal from an uptrend to a downtrend. It gets its name from the visual shape it creates...

Jaleed Abdullah

February 20, 2024

0