The rectangle is a classical technical analysis pattern described by horizontal lines showing significant support and resistance. Unlike evolved technical analysis, which relies on indicators such as ...
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 ...
Fundamental analysis tries to determine value and estimate the future market price based on a stock's underlying fundamentals. Technical analysis relies on charts to forecast prices. The goal of ...
The series of higher-bottoms and higher-tops are helping to give the February Comex gold market an upside bias, and the elongated rectangular pattern inside a triangle chart pattern are signs of ...
When it comes to forex trading, understanding market movements and price trends is essential for success. One of the most effective tools traders use to navigate this landscape is chart patterns.
Cash Market | A rectangle pattern breakout in Marico Marico has broken out of a horizontal rectangle pattern and after a small consolidation we again see a momentum candle and this is a sign of buyers ...
In today's session, I discuss gold's breakout of the long rectangle pattern it had been in, my AUDJPY trade that was stopped out, and my AUDCHF trade that got filled.