Major Support Zone Proving to be strong on the Daily chart Downtrend Channel on the 2-hourly chart Potential 1-2-3 Reversal pattern on Daily Chart What Has Happened? Since August 31, we expected some strong support around the $1,715.3 level; we have seen that play out now with bids coming in the past week as the Read More…
Moving averages (MAs) are among the most popular technical trading indicators. Their popularity majorly stems from their simplicity and versatility – they are easy to calculate and use; can be used to show both a price action’s trend and strength. Thanks to their popularity, several variations of the moving average exist. This guide will discuss Read More…
Continuation chart patterns occur in a trending market and typically indicate a momentary period of price consolidation before the market continues trending in the previously observed trend. This guide focuses on one such chart pattern – the flag chart pattern. We’ll break down the bear and bull flag pattern trading. What is the Flag Chart Read More…
Trading the support and resistance levels of an asset is probably one of the oldest and most reliable technical strategies. It goes without saying that asset prices never trend in a straight line – any trending market is often punctuated with momentary pullbacks or retracements. This is where Fibonacci retracement levels come in. These levels Read More…
Breakout trading is the cornerstone of most technical indicators. It’s usually the simplest way to gauge the magnitude of a trend. And regardless of your trading strategy, you’re bound to experience some false breakouts, which will kill your strategy. So, how do you avoid false breakouts? And more importantly, how do you take advantage of Read More…
Have you heard about the Bond line trading strategy? It is a simple trading strategy that measures the daily ranges. Fun fact: It was developed in 2021 by one of the traders, named Bond. For those who were thinking the strategy was related to James Bond. Unfortunately, it’s not. It’s about finding the highest and Read More…
