Indicates the prevailing trend is exhausted and likely to change direction. Head and Shoulders, Double Tops/Bottoms, Cup and Handle.
Every candle on a chart represents a "tug of war" between buyers and sellers. Technical analysis and chart interpretations: a...
Technical analysis is the art and science of reading market charts to forecast future price movements by focusing on price action and volume. Unlike fundamental analysis, it assumes that all known information is already reflected in the price, allowing traders to capitalize on market psychology and historical patterns. 1. The Psychology of the Chart Indicates the prevailing trend is exhausted and likely
: These primary emotions drive market cycles, creating identifiable shapes as traders react to risk and reward. Technical analysis and chart interpretations: a...