Head and Shoulder is a classic chart pattern that has been used abusively by many people or amateur chartists. There is only one form of HS that has statistical significance. ...
A Wedge in chart often points to weaknesses in current expansion direction. It is a common reversal setup. A Rising Wedge is a chart formation with higher high and ...
A price spike thru an important price level and then immediately snap back and bounded by the price level again.
For example, a stock can spike through its 20-week highest close ...
Non-Farm Payroll report is an highly anticipated economic report with major significance in moving both stock markets and forex majors. See its Survival Guide for more details.
It has many names as it is discovered and rediscovered again and again by different people.
When you see a move, say an up move, retracements are expected. If a retracement ...
Plunge Protection Team (PPT) is the nickname for Working Group on Financial Markets. The term was branded as a myth by the financial industry until it was exposed and subsequently ...
Nowadays, many markets trade 24 hours a day. That was not the case before this Internet age and most businesses/trading firms still operate within normal day time hours based on ...
Consolidation that drift down slowly after an up swing. A bullish continuation pattern. The bearish version of bull flag is a bear flag. You can find detail explanation of the ...