Pivot Point Analysis is a price forecasting method that is very popular among professional day traders. There are some other terms, such as price range forecasting or pin-pointing tops and bottoms, that used to refer to the numbers derived by pivot points.
The Pivot Point Analysis is considered as a leading indicator rather than a lagging [...]
Archive for September, 2009
The Kangaroo Tail Pattern in Technical Analysis
Posted by Taro on September 8th, 2009
The kangaroo tails is a pattern that points trading opportunities for traders. It has been introduced in Alexander Elder’s book, Come Into My Trading Room.
The tails could be used to mark trend reversals in markets. While trends need long time to form, the kangaroo tails are formed in just a few days.
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