Archive for the ‘Classic Chart Patterns’ Category

Successful Trading Chart Patterns – Part 6 of 7

A bear flag in a downtrend is usually bearish. Bear flag patterns have two important elements – 1. a near-vertical, short-term price decrease with high volume, and 2. a lower volume consolidation of profit-taking as the market takes a breather

Successful Trading Chart Patterns – Part 5 of 7

Symmetrical triangles, a pattern with two lower highs and two higher lows, represent a steadily-increasing equilibrium among traders. Once this equilibrium reaches its tipping point, bulls, in the case above, have to abandon their stance on price as volume ……………

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