The Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout.
The cup and handle pattern occurs in both small time frames , like a one-minute chart, and in large time frames , like daily, weekly, and monthly charts. It occurs when there is a price wave down, followed by a stabilizing period, followed by a...
To be a price action trader you must read and understand the price, and all of the chart.
. Remember that and use it in your trading. Not patterns and not signals or triggers. The signals and the entries are super important, but it is the overall price action story that is the king of the jungle.
To make the story you need to read the whole chart. A really...
Business Process Architecture, ... is a description of the organization's business model and strategy, its goals and its performance metrics
A Trading Process Architecture is the overview of a set of trade processes that reveals their inter-relations, which may be extended with guidelines to determine the various relations between trade processes. Having a trade...
Good afternoon.
Today we are looking at another chart pattern
RISING AND FALLING WEDGES .
Let’s get on it.
Wedges can either be continuation or reversal patterns.
Just to refresh your memory, continuation patterns are formations that show side way price action, signalling a temporary pause in the trend; whereas reversal patterns indicate a change in the...
As Forex traders, it is very important to know when the Forex market opens and closes what is the availability of the market . Moreover, it is important to understand how do the different trading hours or sessions impact your trading strategy.
The Forex market opens and closes as well as the four global sessions.
Fx market is open 24-hours a day for retail...
Just as with ascending triangles, most of the times, the price will break the horizontal support line, and continue with the move lower.
there is usually psychology behind every chart pattern ; and ascending and descending triangles are no exception.
Follow me closely as we will now ‘investigate’ the PSYCHOLOGY behind ascending triangles :
To make the analysis...
Ascending triangles are classified as continuation Patterns . Here are the key elements that make up an ascending triangle:
1. Bottom Trend Line(Support) – An ascending triangle is characterized by a bottom trend line that is formed as the price continues to set higher lows. The more touch points on the trend line, the more reliable it will be.
2. Horizontal...
A smart contract is a computer program or a transaction protocol respectively, which is intended to automatically execute, control or document respectively legally relevant events and actions according to the terms of a contract, of an agreement or of a negotiation. The objectives of smart contracts are the reduction of need in trusted intermediators, arbitrations...
Momentum is another word for how the price on your charts moves. Momentum analysis, though, is one of the most important skills any trader can learn.
What is momentum?
First of all, we need to understand what momentum actually means but this is straightforward.
Momentum = Trend strength
There are two ways of looking at momentum. The first one just looks at the...
