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Downtrends are characterized by lower peaks and troughs and mimic changes in the perception of investors. A downtrend is fueled by a change in the supply of stocks investors want to sell compared with the demand for the stock by investors who want to buy. Downtrends are responses to changes that surround the security, whether macroeconomic or those associated with...

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A head and shoulders pattern is a chart formation used in technical analysis to predict potential reversals in price trends. It is named after its visual resemblance to a head and two shoulders. The pattern is typically formed after an uptrend and is considered a bearish reversal pattern. The formation includes three crest points with the two side crests...

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A Channel Up pattern shows a clearly defined uptrend and describes the behaviour of the price contained between upward sloping parallel lines. Higher highs and higher lows characterize this price pattern.

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An order block is an area where there has been a large concentration of limit orders waiting to be executed. Order blocks are identified on a chart by observing previous price action and looking for areas where the price experienced significant movement or sudden changes in direction.