There are three main groups of chart patterns: continuation, reversal, and bilateral. When identifying patterns, it is important to look at the overall trend of the price first. This will help you to identify which direction the pattern is likely to continue in. It is also…
Today we’ll answer the question of what a trend line is and how to draw one the right way. We’ll also tell you what trend lines are really good for. What is a trend line? A trend line is a straight line that connects two…
If you ever wondered how to find Support and Resistance levels on a price chart and how to draw them in correctly check out my video where I’m figuring it out myself! First things first, what actually is Support and Resistance? In trading, support and…
Since quite some time now I’m fascinated by a thing called Technical Analysis or more specifically Price Action Trading. We all heard of it or seen it on TV probably on CNBC or some other business news channel, a guy talking about a specific stock or commodity….
