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Chart Patterns

Monday, January 1, 0001

Analysing Chart Patterns

As any experienced trader will tell you, tracing, decoding and understanding chart patterns can really make or break an aspiring trader. Charts often form patterns. Patterns vary, yet they contain much information. This information could po…
Monday, January 1, 0001

Double Top & Double Bottom

Double Tops and Double Bottoms are reversal patterns. They depict an asset's attempt to continue moving in the existing direction by either moving higher or falling lower. Double Tops and Double Bottoms form after two failed attempts and in…
Monday, January 1, 0001

Triple Top & Triple Bottom

Triple Tops and Triple Bottoms are very similar to Double Tops and Double Bottoms respectively. They, too, are reversal patterns, indicating the end of an existing trend. They form after an asset's price attempts to break past a specific le…
Monday, January 1, 0001

Head and Shoulders & Inverse Head and Shoulders

Head and Shoulders and Inverse Head and Shoulders patterns are two of the most popular and reliable trend reversal formations. As you can see from the chart, the Head and Shoulders pattern, or Head-and-Shoulders Top, usually forms du…
Monday, January 1, 0001

Rising Wedge & Falling Wedge

Both Rising Wedges and Falling Wedges indicate a pause in a given trend, thereby suggesting a period of indecision among traders. They could signify a reversal or a continuation of the trend. A Rising Wedge can be either a reversal o…
Monday, January 1, 0001

Bearish Pennant & Bullish Pennant

Pennants are usually flat symmetrical triangles that reflect a brief pause in trading. They form either during a big uptrend or a big downtrend, as support and resistance levels move closer to each other. Both the Bearish Pennant and the…
Monday, January 1, 0001

Bearish Rectangle & Bullish Rectangle

Rectangles are chart patterns which indicate trend continuation and form when price movements are restricted within strong, parallel support and resistance levels. Both Bearish Rectangles and Bullish Rectangles mirror periods of consolidati…
Monday, January 1, 0001

Triangles

Triangular chart patterns can either be symmetrical, ascending or descending. They are formed by converging support and resistance levels. Symmetrical Triangles A Symmetrical Triangle is formed by the convergence of a descending res…
Did you know?

Currency trading and exchange are no new practices. In fact, money-changing people can be traced back to the Biblical times. Using city-stalls, they would help others change money and take a commission or charge a fee for their services.

Word of the day
"Major Currency" - Each of the seven most frequently traded and most liquid currencies. These are the U.S. dollar (USD), the Euro (EUR), the Japanese yen (JPY), the British pound (GBP), the Swiss franc (CHF), the Canadian dollar (CAD), and the New Zealand dollar(NZD).
Pro Tip

Try to avoid margin calls.

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