Rectangles combine the ideas of support and resistance into a single chart pattern. When prices encounter a resistance level, they often fall. At support levels, prices often find a short-term bottom.
A bull trend is formed when demand exceeds supply, and a bear trend occurs when sellers overpower the buyers. When the bulls and bears hold their ground without budging, it results in the formation of ...
Cash Market | Laurus Labs is breaking out of a major rectangle pattern, suggesting a major uptrend in the making The short-term price action shows the breakout of a "flag' trend continuation pattern ...
Tim Smith has 20+ years of experience in the financial services industry, both as a writer and as a trader. Amazon shares will remain in focus after the e-commerce and logistics behemoth crossed the ...
In the dynamic world of forex trading, understanding chart patterns is crucial to making the right decisions. One widely used pattern in technical analysis is the consolidation pattern. Consolidation ...
Continuation patterns are a type of chart pattern that forms during a temporary pause in an existing market trend before it resumes. These patterns suggest that the forex market is taking a breather ...