- **Support Levels**: These are price levels where buying interest is strong enough to prevent further price declines. Support levels often mark the bottom boundary of the trading range, and traders expect buying pressure to increase near these levels, potentially leading to bounce-backs or reversals. - **Resistance Levels**: These are price levels where selling...
Certainly, here's a summary of support and resistance with key points: 1. **Support:** - Support is a price level where buying interest typically emerges, preventing the price from falling further. - It indicates a zone where demand for the asset outweighs the selling pressure. - Traders often see support levels as opportunities to buy or enter long...
Certainly, here's a summary of support and resistance with key points: 1. **Support:** - Support is a price level where buying interest typically emerges, preventing the price from falling further. - It indicates a zone where demand for the asset outweighs the selling pressure. - Traders often see support levels as opportunities to buy or enter long...
- Bearish trend: Overall downward movement in the price of a financial asset. - Higher low: Despite the bearish trend, each low point reached by the price is slightly higher than the previous one. - Lower low: Each low point in the price is lower than the previous one, confirming the continuation of the bearish trend. - Trend line resistance: A trend line drawn...
Certainly! Here are the key points regarding the concept of a "higher low Fib .38 trend line as resistance": - **Higher Low**: In technical analysis, a "higher low" occurs when the price of an asset pulls back but forms a low that is higher than the previous low. This often indicates increasing buying pressure and potential continuation of an uptrend. - **Fib...
1. **Higher High**: In technical analysis, when a price exceeds the previous high, it's termed as a "higher high." This suggests increasing bullish momentum. 2. **Fib .61**: This usually refers to the Fibonacci retracement level of 61.8%. Fibonacci retracement levels are horizontal lines that indicate areas of support or resistance based on key Fibonacci ratios....
Certainly! "Lower High Lower Low Fib .38" is a concise way of expressing a technical analysis observation: - **Lower High (LH)**: A peak in the price chart lower than the previous peak. - **Lower Low (LL)**: A trough in the price chart lower than the previous trough. - **Fib .38**: Refers to the Fibonacci retracement level of 38.2%, indicating a potential...
Certainly! Combining "Higher Highs," "Trendlines," and "Fibonacci retracement (.618 level)" in technical analysis of an uptrend: - **Higher Highs**: Successive peaks indicating increasing bullish momentum. - **Trendlines**: Upward-sloping lines connecting higher lows, representing uptrend support. - **Fibonacci Retracement (.618 Level)**: Key level for potential...
- Bullish outlook on security's price. - Strategy involves options: buy one call at lower strike, sell two calls at higher strikes, buy one call at an even higher strike. - Premiums from selling offset cost of buying. - Maximum profit if security's price is at middle strike at expiration. - Understand breakeven points and expiration dynamics. - Risks involved;...
A "higher high" is a term used in technical analysis to describe a peak in the price of a security or asset that surpasses the previous peak in a given time frame. It indicates positive momentum and bullish sentiment in the market, often associated with an uptrend. Traders and analysts use the identification of higher highs and higher lows to make decisions about...
A Bearish Harami is a candlestick pattern in technical analysis that suggests a potential reversal of an uptrend. The pattern consists of two candles: 1. The first candle is a large bullish (upward) candle, indicating strong buying pressure. 2. The second candle is a smaller bearish (downward) candle, completely contained within the range of the first candle....
In summary, a "bearish inside bar" pattern occurs when the current bar's price action is engulfed by the preceding bar's high and low, with the close of the current bar lower than the previous bar's close. Adding a "lower low" indicates that the current price has breached the previous low, signaling increased bearish pressure and potentially further downward...
A "Bullish Engulfing" pattern is a bullish reversal candlestick pattern that typically forms at the end of a downtrend. Here's a brief overview: - **Formation**: The pattern consists of two candlesticks. The first candlestick is bearish (red or black) and the second candlestick is bullish (green or white). - **Engulfing**: The bullish candle completely engulfs...
A "Bearish Engulfing" is a candlestick pattern commonly used in technical analysis of financial markets. It typically occurs at the end of an uptrend and suggests a potential reversal to the downside. Here's how it's identified: 1. **Uptrend**: The market should be in an uptrend prior to the formation of the bearish engulfing pattern. 2. **Two Candles**: The...
A bullish pin bar is a candlestick pattern that can indicate a potential reversal in a downtrend. It consists of a single candlestick with a small body (the body can be either bullish or bearish) and a long lower shadow (also known as a "tail" or "wick") protruding downwards. The upper shadow is typically small or nonexistent. The bullish pin bar suggests that...
The term "Elite Inpulse Wave" likely refers to a notable trend or movement led by elite individuals or groups, characterized by sudden and impactful actions or developments. "Entry point" would signify the initiation of involvement with this wave, while "exit point" would denote the conclusion or departure from it. Both terms suggest strategic decision-making...
Here's a summary of the "Higher High Higher Low" and "Double Bottom" patterns: **Higher High Higher Low (HHHL)**: - **Definition**: - A bullish trend pattern indicating successive upward price movements. - Each high point (peak) is higher than the previous one, and each low point (trough) is also higher than the previous one. - **Interpretation**: -...
- **Bearish Butterfly Pattern**: - A technical analysis pattern seen in financial markets. - Signals a potential reversal from an uptrend to a downtrend. - **Structure**: - Consists of four price swings: XA, AB, BC, and CD. - Resembles the shape of a butterfly. - **Key Characteristics**: - AB leg retraces a portion of XA. - BC leg extends beyond...