amrit kumar The rounding top pattern is a common reversal indicator where traders consider it as marking the end of an uptrend and the beginning of a potential downtrend. Like the head and shoulders pattern, the rounding top features a slower and more gradual shift in momentum, which makes it such an asset to use for understanding … Read more
Of the continuation signals out there that tend to usher in further downside movement, the bear pennant is one of the trustier ones in a bear trending environment. This chart pattern forms out of an already established downtrend and is used by traders to adjust their trades in the continuous bearish sentiment. How you can … Read more
Uncertainty has emerged as the main theme in finance. Bank failures and runaway inflation are driving monetary policy, and with the end of Q1 upon us, the question on everyone’s mind is: Are the markets finally ready to pick a direction? Perhaps late March trading will provide us with much-needed answers. Uncertainty has emerged as … Read more
The ABCD pattern is among the most basic and simple of all chart patterns in the harmonic series, making it one of the more popular ones for the identification of reversals in trends and opportunities among traders. Easy to understand, trading an ABCD pattern correctly is however a very different thing as it takes knowledge … Read more
Advanced charts create a whole new world full of powerful tools, the grandest of which is certainly one-called Cypher Harmonic Pattern. Actually a must-know indicator for establishing potential trend reversals as it utilizes key Fibonacci levels for support and resistance: the Cypher Pattern comes somewhat close to the Butterfly pattern, but it retains some features … Read more
Mastering the patterns of Japanese candlesticks is impossible to spend without for any trader who intends to unlock strategic flexibility in the markets. Knowing these few key formations will let you use candlestick patterns for breakout, reversal, and continuation trading. This post will introduce the top five candlestick patterns that every trader should know to … Read more
Advanced chart patterns are fundamental for anyone serious about improving their trading strategy. A five-point harmonic form introduced in 2001 by Scott Carney is known as a Bat pattern. Since its inception, this pattern has gained popularity among traders and is part of the harmonic chart pattern series that has performed extremely well in predicting … Read more
Last week was a market of momentum, with traders pricing in the possibility of interest rate cuts by the Federal Reserve, a precursor to rejoicing. But BlackRock isn’t so optimistic to show that the market is ready for any significant change in direction. This week is shaping up pretty eventful with the end of Q1 … Read more
The most widely used trading platform in the world among thousands of retail traders is MT4. MT4, from MetaQuotes, had been a backbone in this industry since the early 2000s and was always out front in forex trade. For computer, browser-based web, and mobile application, the long list of its features makes MT4 a powerful … Read more
Bank failures, runaway inflation, geopolitical tensions, and obscure Federal Reserve policies have wrapped financial markets in a deepening fog of uncertainty that has made traders leery in the treacherous landscape. Most were in search of clarity as Q2 2023 got underway, with seesawing market conditions. Will the forthcoming key economic events, including the US Consumer … Read more
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