Tag: Chart patterns

Trend Line

A trend line is a line drawn on a chart to connect a series of data points that show a general direction or trend. It is a tool used in technical analysis to identify and visualize the overall price movement

Triple Bottom

A triple bottom pattern is a bullish chart pattern used in technical analysis. It consists of three equal lows followed by a breakout above the resistance level. The triple bottom indicates the buyers (bulls) are taking control of the price

Triple Top

A triple top pattern is a bearish chart pattern used in technical analysis. It consists of three consecutive peaks that are approximately equal in price, followed by a breakdown below the support level. The triple top indicates a potential reversal

Wedge

The wedge is one amongst the numerous chart patterns used by trader during technical analysis to determine market trend. This chart pattern usually indicates a pause or consolidation in the current trend, hence its primary purpose is to signal a

Trend Line

A trend line is a line drawn on a chart to connect a series of data points that show a general direction or trend. It is a tool used in technical analysis to identify and visualize the overall price movement

Triple Bottom

A triple bottom pattern is a bullish chart pattern used in technical analysis. It consists of three equal lows followed by a breakout above the resistance level. The triple bottom indicates the buyers (bulls) are taking control of the price

Triple Top

A triple top pattern is a bearish chart pattern used in technical analysis. It consists of three consecutive peaks that are approximately equal in price, followed by a breakdown below the support level. The triple top indicates a potential reversal

Wedge

The wedge is one amongst the numerous chart patterns used by trader during technical analysis to determine market trend. This chart pattern usually indicates a pause or consolidation in the current trend, hence its primary purpose is to signal a

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