A Bollinger Band is an Indicator of Volatility, and the technical analysis tool is defined by a set of lines plotted by standard deviations, one positively and other negatively, and away from a simple moving average (SMA) of the security's price. When the markets become more volatile the bands widen. When the markets become less volatile the bands contract.
The Williams% R Technical Indicator Oscillator, ranges from 0 to 100, and reflects the closing price level relative to the highest (highest high) price for the time period analyzed. The values from 0 to -20 are considered overbought. The values from -80 to -100 are considered oversold.
There are (5) five Supports and (5) five Resistances, although (1) one of the resistances extend itself so I decided to unified two resistance lines!
The wedge down or falling wedge pattern, it is considered a bullish chart formation but can indicate both reversal and continuation patterns depending on where it appears in the trend. Is a continuation pattern formed when price bounces between two downward sloping, converging trendlines.
A Descending Triangle is a bearish chart pattern used in technical analysis that is created by drawing one trend line that connects a series of lower highs and a second horizontal trend line that connects a series of lows. Oftentimes, traders watch for a move below the lower support trend line because it suggests that the downward momentum is building and a...
A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope. A symmetrical triangle chart pattern represents a period of consolidation before the price is forced to breakout or breakdown.
A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope. A symmetrical triangle chart pattern represents a period of consolidation before the price is forced to breakout or breakdown.
A Wedge Up or Rising Wedge is a technical indicator, suggesting a reversal pattern frequently seen in bear markets. This pattern shows up in charts when the price moves upward with pivot highs and lows converging toward a single point known as the apex. Using two trendlines – one for drawing across two or more pivot highs and one connecting two or more pivot lows...
Technical analysts construct an ascending channel by drawing a lower trend line that connects the swing lows, and an upper channel line that joins the swing highs. An Ascending Channel is the price action contained between upward sloping parallel lines. Higher highs and higher lows characterize this price pattern.
Uptrends and downtrends are hot topics among technical analysts and traders because they ensure that the underlying market conditions are working in favor of a trader's position. The Upside Trend refers to the potential increase in value, measured in monetary or percentage terms, of an investment, and means that the stock has more value than is currently reflected...
Double top pattern, is a reversal pattern, that occur when the underlying investment moves in a similar pattern to the letter "M" and then there has to be a breakdown point where the pattern reverses the trend, and it's used as part of a trading strategy to exploit recurring patterns, but these patterns are often used in conjunction with other indicators beacuse...
The head and shoulders pattern is a very reliable trend reversal pattern, and it has a base with three peaks, but with the characteristic highest central peak, and predicts an uptrend reversal to the bearish one.
A downtrend is detected when price action progressively shows lower peaks and lower lows over time.