Today, we will get acquainted with a tech analysis pattern called Diamond. Compared to other tech analysis patterns, the Diamond pattern appears rather rarely on the chart.
Tag: pattern
Today, I will speak about a classical method of detecting a trend reversal. Let us have a look at a group of reversal patterns, which are likely to precede a trend reversal.
In this review, we will discuss a well-known trading pattern - the Gartley Butterfly. You may learn to find this pattern on the chart by yourself or use the ZUP indicator, specially created for finding and drawing the pattern on the price chart.
Today, we will discuss yet another trend strategy called Three-Drive or Three Indians. It may have other names but the idea of the strategy and its signals remains the same.
"3 Candles" is quite a popular Forex strategy that uses no indicators. In this review, we will get acquainted with it and find out how to apply it and to what instruments.
In this review, we will discuss a well-known trading strategy called the Golden Cross. This simple and efficient strategy uses two Moving Averages with different periods.
The Head and Shoulders pattern is a classical pattern of technical analysis. Let s have a look at its main elements as well as the characteristics of trading with the use of it.
The Flag and Pennant patterns appear rather frequently on price charts. They are trend continuation patterns, working in the presence of a strong trend, same as trend reversal patterns. When such patterns appear, we may forecast that the trend will continue.
The Triangle pattern appears on different charts rather frequently. Normally, the Wedge is considered a reversal pattern, forming on maximums and minimums of a price chart in an up- or downtrend. A Wedge is quite similar to a Triangle, forming between the two converging support and resistance lines.
A chart pattern means a repeated element in different spheres of life – nature, psychology, music, design, trading, etc. When it comes to trading, a pattern is a stable and repeated combination of data on prices, volumes, or indicators.