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 a [...]
Posts Tagged ‘Trend Reversal’
Continuation Patterns
Posted by Taro on May 18th, 2010
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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 another [...]
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 pattern. [...]
