Wedge Price Action Formation Explained
A wedge is a well-known continuation pattern in the technical analysis at Forex. It is rarer to see than flag and pennant, but it often indicates a forthcoming reversal. These models belong to triangles...
Gartley Butterfly Pattern Explained
Non-indicator analysis of Forex is guided by only one judgment: traders will behave equally under equal conditions. This regularity is easily confirmed if we look at the chart history. You can see that the...
Cup and Handle Chart Formation Explained
Cup and handle is a lucrative pattern of the upward trend continuation. This pattern is a technical formation that usually appears rarely but provides traders with an excellent trading result and a high profitability...
Rectangle Chart Pattern Explained
Forex rectangle is a pattern which is formed on a chart when the price is between parallel (horizontal) levels of support and resistance.
This pattern shows the period of market consolidation and indecision of both...
How to Use Flag and Pennant Patterns Properly
The flag pattern is one of the most noteworthy trading patterns when talking about the tools which are used in technical analysis. It predicts the continuation of the existing market trend, most often occurring...
How to Trade Head and Shoulders Pattern?
Head and shoulders (H&S) pattern refers to the technical formation in charts. Different types of this pattern are quite common; however, the pattern is rarely seen in its pure form. There are two versions...
How to Use 1-2-3 Reversal Pattern in Trading?
1-2-3 pattern is a common formation made of 3 key elements. This pattern indicates that the trend has changed its direction. Also, a 1-2-3 pattern may occur at the boundary of a trading range...
How to Use Double Top Pattern on the Forex Market
This article focuses on two common trend reversal formations, Double Top and Double Bottom. We’ll look at when these patterns occur, what they look like, and how to trade them, Also, you’ll find out...
How to Trade Marubozu (Ladder Bottom) Setup
Watching price behavior in different markets, you may come to a pretty unexpected conclusion. If you look at a price chart, the first thing that comes to your head is that all price movements...
Pin Bar and How to Use it for Profitable Trading
Go long when a price makes a low. Go short when a price makes a high. It seems like one of those “easier said than done“ situations. What’s the secret to identifying trustworthy entry...
