Moving average convergence divergence (MACD) is one of the most versatile technical indicators – it’s both a trend and momentum indicator. The MACD indicator can best be described as a 2-in-1 indicator; it shows the start of a bullish or bearish trend using the MACD crossover and the strength or weakness of a trend with Read More…
Any price action has a series of steady bullish and bearish trends punctuated by momentary price consolidation. When timed accurately, breakout trading strategies can be invaluable for catching trends while they’re just beginning. And this is what the rising and falling wedge chart pattern trading is geared towards. What are Wedge Chart Patterns? A wedge Read More…
Technical indicators have always been faulted for lagging, making price action analysis invaluable to any trader. With hundreds of chart patterns to choose from, it may not be easy to decide which one is more reliable and suited to your trading style. However, it’s a general consensus that the ideal ones should generally be easy Read More…
The Dark Cloud Cover is a candlestick pattern identifying bearish market reversals. The pattern is easy to spot and analyze, and you can use it as a signal to enter short positions or exit long positions. This guide will talk about what Dark Cloud Cover is and the Dark Cloud Cover scalping strategy. Scroll down Read More…
In technical analysis, double top and bottom are chart patterns that predict market trends. Hence, it is not uncommon to find double tops and bottoms on the charts of financial instruments. Double tops signify the end of a bullish trend, whereas double bottoms indicate a possible bearish trend reversal. Chart patterns such as double tops Read More…
This guide will talk about the Fibonacci Moving Averages with the RSI indicator on the Light Crude Oil Futures. We all know that market phases are cyclical. They increase, peak, drop, and fall to their lowest point. The end of one market cycle signals the start of the next. So, to make better use of Read More…
