Today, we'll explore the intricacies of two fundamental chart patterns: the double top and double bottom. These patterns are frequently observed on trading charts and can offer significant insights...
Category: Chart Pattern
The Engulfing Pattern – Guide to Combine Technical with Fundamental Analysis
The engulfing pattern is one of technical analysis's most recognized candlestick patterns. It signals a potential reversal in the market and is categorized into two types: bullish engulfing and...
Double-top and double-bottom trading patterns are among my favorite tools in technical analysis because they offer clear, actionable signals that can be used to make trading decisions. Traders widely...
Bullish and bearish structures on the charts include triangles, where the price consolidates within a narrowing range before breaking out upwards/or down, signaling a potential continuation of an...
Fibonacci 88.6% Level – Important Fibonacci Retracement Levels
Fibonacci levels are commonly used in trading to identify essential price points and potential areas of support or resistance. These levels are derived from the Fibonacci sequence, a series of...
The Megaphone chart pattern was first described in Richard Schabacker's 1932 book: “Technical Analysis and Stock Market Profits." What is a megaphone chart pattern? A megaphone chart pattern (a...
