Traders use chart patterns to help determine which direction the price is going, and potentially how far it could go. Chart patterns like head and shoulders, triangles, cup and handles, double/triple ...
A gap is empty space between one price bar and the next. Gaps occur when the price significantly changes from the close of one price bar to the next, with no trading taking place in the empty space be...
Wedges are a multiple price wave reversal pattern. Wedges form when the waves of an asset move within a narrowing range, angled either up or down. Whereas triangles are formed by the price moving side...
Flags and pennants are continuation patterns. They are traded in the same way, but each has a slightly different shape. The terms flag and pennant are often used interchangeably. A flag or pennant pat...
Technical traders use the price history of any asset, and the price patterns that form, as a basis for making trading decision and analysis. This is called technical analysis, a technique that uses th...