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This pattern allows traders to easily define price targets and risk levels for their trade setups.
Candlestick chart patterns form very quickly, unlike traditional bar chart patterns, which makes them the preferred tool of short-term traders.
Consolidations usually occur before significant market moves, and a breakout from this pattern likely means one has begun.
In addition to providing trade timing signals, this chart pattern accurately forecasts downside price targets.
Before computers, great investors noticed patterns on charts. Now, with the help of computers, we can see what really works.
A doji candlestick signals that price action is likely to become more volatile, meaning a tradable move could be approaching.
Right now, the market is trying to fool you. Here's a chart that shows exactly what I mean, plus three rules to follow during summer trading.
This unique pattern could yield profits in the very near future...
One simple pattern can help you easily book winning trades in a trending market. All you have to do is recognize the key features and respond to the pattern’s clear buy and sell signals.
Today, I want to take a minute to explain exactly what resistance means in real terms.