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HELPING TRADERS SUCCEED “The human side of every person is the greatest enemy of the average investor or speculator.” ~ Jesse Livermore

Tag technical analysis

Types of Technical Indicators.

Technical trading involves reviewing charts and making decisions based on patterns and indicators. These patterns are particular shapes that candlesticks form on a chart, and can give you information about where the price is likely to go next. Indicators are additions or overlays on the chart that provide extra information through mathematical calculations on price

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Technical Analysis: The basic assumptions

The field of technical analysis is based on three assumptions: The market discounts everything. Price moves in trends. History tends to repeat itself. The market discounts everything Technical analysis is criticized for considering only prices and ignoring the fundamental analysis of the company, economy etc. Technical analysis assumes that, at any given time, a stock’s

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Want to Become Wealthy Trader?

Keys to become successful and wealthy trader Wealthy traders are patient with winning trades and enormously impatient with losing trades. Yes, I often fell prone to that. I tend to hope too much when things are going bad. I have time stops, but tend to close positions/strategies too early when having a nice gain. Too

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Continuation Pattern

A continuation pattern a trend in a security price series chart is expected to continue. There are several continuation patterns that technical analysts will identify as an indicator of an extended price trend. Falling Wedge As a continuation signal, a falling wedge forms during an uptrend and implies that upward price action will resume. As

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Triangle Chart Pattern

A triangle is a technical chart pattern created by drawing trend lines along a converging price range. Variations of a triangle include ascending, descending and symmetrical triangles. Triangles are similar to wedges and pennants and can be powerful continuation or reversal patterns. Ascending Triangle Ascending Triangle Pattern, characterized by horizontal top and rising bottom. This

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Reversal Chart Patterns

Reversal Chart Patterns : any pattern on a chart that indicates a previous trend is changing to a new trend. Double top A double top is an extremely bearish technical reversal pattern that forms after an asset reaches a high price two consecutive times with a moderate decline between the two highs. It is confirmed

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