Chart Patterns
The Chart Patterns section includes all information related to price patterns and formations, including trading techniques on chart patterns.
How Important are Chart Patterns in Forex?
Chartist analysis in forex consists of identifying figures on the price chart, these are usually repeated historically so you can practice in their identification, also they are usually formed in different financial instruments and periods of time, and through them, it is possible to predict with some reliability where the next price movement will follow. It is perhaps the most classic form of analysis in Forex and surely one of the most effective, so your knowledge is always very advisable.
Chart Patterns: Ascending Triangles
[caption id="attachment_57083" align="aligncenter" width="3338"] Ascending Triangle[/caption]
Pullbacks – How Prop Traders Manage Discounts
Pullbacks we will talk about are described as a correction candle (or bar) after a bigger, sudden price movement candle (period) on any asset...
Forex Chart Patterns Might Be an Illusion
If you are new to forex trading, chart patterns are likely to attract your attention quickly because the trader community is full of praises...
Chart Patterns: Flags and Pennants
Flags and Pennants
If you’ve ever traded a chart and you’ve seen what looks like a reversal in the trend, but as soon as you...
Chart Patterns: Descending Triangle
[caption id="attachment_57098" align="aligncenter" width="3338"] Descending Triangle[/caption]
Chart Patterns: Pullback and Throwbacks
The most common term people associate with retracements in price that retest prior areas of support or resistance is a pullback. There is another...