A flag/pennant pattern is a trend continuation pattern, named after it’s visual similarity to a flag on a flagpole and pennant on a pole. It signifies a continuation of the break out or break down. Flags and pennants provide great opportunities of entry to buy or sell...
Technical Analysis began in Japan with candlestick charting and still works today. This is due to the consistency of human emotion, the very thing charts are visualizing for us. Recognizing the psychology of a candlestick and pattern formations are crucial to catching...
The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. The RSI oscillates between zero and 100. Conditions are considered overbought above 70, and oversold under 30. A...
A trader already knows stop losses are mandatory. They prevent disastrous loss and allow a trader to walk away and wait or focus on another trade. Even so, some traders still struggle with stop loss positioning. If your stops are too tight, you can get stopped out of...
Always Look for the Forest Through the Trees This week I am presenting everyone with a guide both technical and visual to determine the larger trend. Hindsight is 20/20 but in the moment but we can easily miss the overall trend happening now or a major transition...
Moving Average Basics A Moving Average is the average asset price over a certain number of days. Exponential Averages are more complicated and weighted, reacting faster to price changes and give a great insight to the here and now. Time goes by, indicators come...
