by kyer | Apr 19, 2023 | Candlestick Charting
What is a Pennant Pattern? A Pennant is a continuation pattern formed when there is a large movement followed by a period of consolidation with converging trend lines, forming the pennant, followed by a breakout in the initial direction of the large movement. Pennant...
by kyer | Apr 19, 2023 | Candlestick Charting
What is a Rising Three Methods Pattern? A bullish continuation candlestick pattern that occurs in an uptrend and whose conclusion sees a resumption of that trend. The decisive (fifth candle) is proof that sellers did not have enough momentum to reverse the uptrend....
by kyer | Apr 19, 2023 | Candlestick Charting
What is a Shooting Star Pattern? Shooting Stars indicate a potential price top and reversal. The formation is bearish because the price tried to rise significantly during the day, but then the sellers took over and pushed the price back down toward the open. What does...
by kyer | Apr 19, 2023 | Technical Analysis
What are Profit Targets? A profit target is a predetermined point at which an investor will exit a trade in a profitable position. Also called take profit levels, they are part of many trading strategies that investors and technical traders use to manage risk. Looking...
by kyer | Apr 19, 2023 | Technical Analysis
What is the Relative Strength Index (RSI)? The relative strength index (RSI) is a momentum indicator used in technical analysis that measures the magnitude of recent price changes to evaluate overbought and oversold conditions in the price of a stock or other asset....
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