Category: Technical Analysis

Candlestick patterns characterised by indecision and resembling long-legged Dojis are referred to as High-wave candlestick patterns. Their lower shadows are rather long, and their wicks at the top are quite a bit longer. Additionally, they possess a bigger physical physique. They are prevalent at levels of support and resistance, as well as during times of […]

Breadth indicators are useful tools for gaining an insight of the market’s underlying strength. If you just look at the prices on the market, you may not always be able to determine the direction that the market is trending in. Instead of just comprehending the stock market, breadth indicators assist us understand how the “market […]

7 Bar Patterns that Traders Should Be Aware Of Bar patterns are patterns that occur over a short period of time and are helpful for determining reasonable stop-loss locations and timing our transactions. Every price action trader need to be familiar with both candlestick patterns and bar patterns since they are extremely similar to one […]

J. Welles Wilder is the one who came up with the idea for the momentum indicator known as the Directional Movement Index (DMI). Although it is common practise to make use of both in their combined form, certain trading platforms do distinguish between the Average Direction Index and the Directional Movement indicator (ADX). The ADX […]

Do you know that before you make any trades in the stock market, you have to go through a stock trading checklist? Yes! Before initiating any trade, one has to have a comprehensive checklist available, as this assists traders in maintaining discipline, being loyal to the trading strategy, and developing confidence. It is important to […]

Do you know that while technical analysis provides us with a number of indicators to help guide us, the majority of those indicators are not appropriate for intraday trading? Yes, there are some technical indicators that work well for traders who wish to close out their position inside a single trading day. The word “intraday […]

The trend is your buddy up until the very end, when it begins to bend. How many of you have been exposed to this quotation before? Don’t worry if you haven’t heard of swing trading if you are one of the people who has already heard of it; if you are one of the people […]

Do you know that these patterns might assist you in better comprehending how the market behaves? They are called the Elliott Wave Pattern. Yes! It couldn’t be more accurate! But before we start driving into patterns, it is important that we properly comprehend what the Elliott wave concept is: The Elliott wave theory is a […]

Five Effective Trading Strategies that Make Use of the MACD As a result of its ability to spot opportunities in a variety of financial markets, the Moving Average Convergence Divergence (MACD) Technical Indicator is widely regarded as one of the most important indicators in the field of technical analysis. You probably weren’t aware of this, […]

Among traders all around the globe, the Relative Strength Index (often known as RSI) is the most widely used technical indicator. Wells Wilder was the one who came up with the idea in the 1970s. Mr. Wilder recommended that the default value for the indicator be 14 days in his book New Concepts in Technical […]