Elliott Wave Principle is the famous rule of thumb developed by Ralph Nelson Elliott in the 1930s when he discovered that stock market prices tend to reverse in recognizable patterns.
Stock trading is fun, captivating, and worth the money when you do it right. Therefore, you need to understand the intricacies of the technicality in trading. It translates to knowing
Technical analysis is one of the best tools traders can use to spot shifts within the market, allowing them to predict support and resistance levels within a predictable timeframe. There are
The triple bottom reversal pattern has three roughly equal lows and indicates an opportunity to take a bullish position. Before the triple bottom occurs, the bears are usually in control
Used by traders for technical analysis-based trading, a price channel is a continuation pattern in which the price bounces between parallel resistance and support lines. The resistance and support lines
Rounding bottom pattern sometimes knows as a “saucer bottom” pattern, is known for being able to predict long term upward trend. Very similar to the cup and handle pattern, only
Another trend reversal chart is the inverse head and shoulders, also known as a head and shoulders bottom stock chart pattern. This technical analysis indicator is similar to the standard
A head and shoulders top pattern is one that has three peaks and looks like a head and shoulders because the two outside peaks are similar in height, yet shorter
Traders pay close attention to pennants and flags when trading. Both are very similar in terms of structure, and it may take some practice before an investor can readily tell