In earlier articles, I have introduced you to basic reversal patterns; double top & double bottom, head-and-shoulder & reverse head-and-shoulder. Besides the reversal patterns, the price patterns falls into another category, the continuation patterns. While the reversal patterns usually forecast an upcoming trend reversal, the continuation patterns, in the other hand, indicate an interlude in [...]
Posts Tagged ‘Chart Pattern’
Sideways Patterns
Posted by Taro on May 18th, 2010
The stocks’ price simply moves in three directions; up, down and sideways. For the stocks that move in sideways, the movement of price is not trending and can be divided into three basic categories: trading in a range, congestion and consolidation.
Posted in Technical Analysis 
Tags: Chart Pattern, Indicator, Price Pattern, Technical Analysis 
No Comments »Trading Trend Reversal Patterns in Sideways Market
Posted by Taro on May 16th, 2010
Generally, traders need solid uptrends and downtrends to take profits from the market. However in non-trending or sideways market, swing traders, who short-term trade, present a lower risk opportunity. Traders can use the reversal patterns; I have introduced you in previous articles, to trade in sideways. Using the patterns to plan to enter a trade [...]
Posted in Trading System Tags: Chart Pattern, Forex Trading System, Price Pattern, Trading System, Trend No Comments »Trend Reversal Patterns: Head-and-Shoulder & Reverse Head-and-Shoulder
Posted by Taro on May 16th, 2010
By getting started with reversal patterns, we should start with the most basic patterns because it is easier for you to recognize them in charts. Therefore in previous article, I introduced you to the most basic and well-known reversal patterns; Double Top and Double Bottom. In this article, I am going to introduce you to [...]
Trend Reversal Patterns: Double Top & Double Bottom
Posted by Taro on May 14th, 2010
In addition to indicators; such as Moving Average (MA), Relative Strength Index (RSI) or Moving Average Convergence / Divergence (MACD) that traders can add to the price chart to help them in technical analysis. The price chart itself can help traders in market trend prediction. When analyzing the price, traders may look for a reversal [...]
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.
