Chart patterns can feel subjective, but some setups appear again and again — and deliver strong results when traded with discipline. In a recent webinar, John Rowland, CMT, shared the five chart ...
Classic sell signal points to significant downside. Charles Dow identified the head & shoulders pattern 100 years ago. Valuations at levels beyond almost any fundamental defense. Nvidia’s daily chart ...
Day and swing traders don’t have long time horizons when it comes to picking stocks. In order to have a better idea of stock movement, many traders look for breakout chart patterns. Swing and day ...
Technical analysts believe that stock prices often trade in patterns, as the motivating driver behind the movement of stocks is humans, and humans exhibit the same emotions when it comes to their ...
The first pattern involves the weekly chart’s Moving Average Convergence Divergence (MACD) histogram, a momentum indicator used to identify trend changes and reversals. MACD crossovers above or below ...
Casey Murphy has fanned his passion for finance through years of writing about active trading, technical analysis, market commentary, exchange-traded funds (ETFs), commodities, futures, options, and ...
You might be familiar with “island reversals” or “pennants”, “double bottoms” or “falling wedges”. These are some of the many recurring patterns that appear in stock charts that now have their own ...
Shares of Opendoor Technologies Inc. were surging toward another record close Monday — before suddenly pulling a U-turn, on no news, to close sharply lower. That is exactly the sort of trading ...
Bitcoin could not hold on to the recovery attempts during the past week, signaling selling by the bears at higher levels. Although buyers failed to push the price above $100,000, they have not ceded ...