Continuation patterns are a type of chart pattern that forms during a temporary pause in an existing market trend before it resumes. These patterns suggest that the forex market is taking a breather ...
As you navigate the complexities of the foreign exchange market, understanding chart patterns like the ascending triangle can elevate your currency trading game to new heights. This comprehensive ...
Gordon Scott has been an active investor and technical analyst or 20+ years. He is a Chartered Market Technician (CMT). Alistair Berg / Getty Images A triangle chart pattern is a tool used in ...
In late October of 2007 the Russell 2000 small cap index was trading around 800. The index hasn't returned to that level since. Now, over two years later, small caps are once again close to touching ...
The rising wedge and ascending triangle patterns are essential tools that assist the traders in making informed decisions; they help predict the price fluctuations that are integral to any financial ...
Technical analysts believe that stock prices often trade in patterns, as the motivating driver behind the movement of stocks is humans, and humans exhibit the same emotions when it comes to their ...
When we look at price patterns on a chart, to a great degree, we can think of them as human behavior plotted on a screen. On a price chart, in a muscular uptrend, we can see emotions ranging from ...
I'm a big fan of chart patterns. Not only do I find them fascinating and visually appealing, but they can also be quite profitable as well. One of my favorite and most reliable chart patterns is the ...
Volatility compresses further as gold trades inside day as it again tests recent support. This follows nine days of narrow range sideways consolidation. Once again, it looks like gold could close at ...
Since gold's flash crash last Sunday night, the yellow metal has oscillating around its key $1,100 per ounce psychological level. As I've been pointing out, gold's latest plunge caused it to break ...
A triangle pattern develops in the middle of a trend and typically indicates that the existing trend is likely to continue. As price travels sideways, a triangle chart pattern is generated by drawing ...