Pivot points and what to do with them

Pivot points are elegant indicators that don’t necessarily come with the default settings of all trading platforms. The MT4 platform doesn’t offer pivot points, however, this doesn’t mean that the…

Bullish and bearish engulfing explained

Bullish and bearish engulfing patterns are part of Japanese candlestick reversal patterns and they always use two candles. The name indicates to us where they form: the bullish engulfing pattern…

Rising and falling wedges

Wedges are reversal patterns that form at the end of trends. During a wedge formation, the price action hesitates, finding it difficult to continue making higher highs or lower lows.…

Ascending and descending triangles

Ascending and descending triangles are one of the oldest concepts in technical analysis. Since investors started documenting price patterns, triangular formations were among the first that grabbed attention. The main…

The head and shoulders pattern

The Head and Shoulders pattern is one of the most famous technical analysis patterns, appearing often on the currency market. Despite being documented a long time ago on the stock…

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