Andrew's Pitchfork is an instrument of graphic analysis based on the middle trendline and an equidistant channel. Unfortunately, this method of trading and analysis is not very popular among traders; however, it seems to be perfect for drawing a channel quickly and trading bounces off and breakouts of its borders.
Category: Trading
Trading section offers articles of practical applicable nature with information about trading on financial markets. All nuances of trading, including technical analysis, trading patterns, orders, and advice to beginners. All this and even more can и found here.
In this article, we will speak about the inner structure and the peculiarities of market waves. We will discuss the multilevel model of the market cycle and its consistent parts – subwaves of various complexity and levels.
In this review, we will discuss a popular indicator called ZigZag. This indicator makes it easier to interpret charts, showing important price changes, and helps to carry out tech analysis.
Each company has a limited number of buyers who can purchase its goods. What if the company has reached the limit? Let's see on General Motors example.
Trendlines can show where to enter in the direction of the trend and where the current trend might end.
In the article, we will discuss horizontal support and resistance levels: how to draw them and how to use alongside simple indicators of tech analysis.
Let's get acquainted with the history of its appearance and development, its main statements and rules of Wave analysis.
On February 4th, Tesla stocks reached their all-time high of 969 USD per stock. What is such growth of Tesla stocks based on?
Today, we will look a bit away from analytics and speak about the market and the situations that the trader may find themselves in, working by the Pump and Dump system.
Price Action is focused on the price movement, uses indicators scarcely, features simple and clear rules, it remains an efficient instrument in the hands of an experienced trader.