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| 699 views | Category: Wolfe Waves Pattern |
The Wolfe waves pattern is named after a trading guru called Bill Wolfe. He identified that when price action remains [...]
| 614 views | Category: Harmonic Patterns |
Harmonic patterns are chart patterns that can help traders to spot trends by predicting future market movements. they create geometric [...]
| 483 views | Category: Support and Resistance |
Support and resistance are one of the most widely used concepts in trading.
The support and resistance are specific price points on [...]
| 456 views | Category: Support and Resistance |
If we take a trend line and draw a parallel line at the same angle of the uptrend or downtrend, [...]
| 335 views | Category: Support and Resistance |
Trend lines are probably the most common form of technical analysis in forex trading.
They are probably one of the most underutilized ones as well.
If [...]
Articles
| 153 views | Category: Candlesticks Patterns |
Candlestick patterns are a form of technical analysis used in stock trading and other financial markets like forex to predict future price movements.
These patterns are created by the movement of the opening and closing prices of a stock or currency pair, as well as the highest and lowest prices, over a specific period of time.
Candlestick patterns are created by the combination of the real body, which is the area between the opening and closing prices, and the upper and lower shadows, which represent the highest and lowest prices.
The patterns are visual representations of price [...]
| 614 views | Category: Harmonic Patterns |
Harmonic patterns are chart patterns that can help traders to spot trends by predicting future market movements. they create geometric price patterns by using Fibonacci numbers to identify potential price changes or trend reversals. traders can identify these patterns and use them to inform their next trading decision. unlike other more common trading methods, harmonic trading attempts to predict future movements.
There are multiple chart patterns to choose from, each of which can be used to spot a different kind of trend. however, the Gartley, butterfly, bat, and crab are the better-known patterns that traders watch [...]
| 483 views | Category: Support and Resistance |
Support and resistance are one of the most widely used concepts in trading.
The support and resistance are specific price points on a chart expected to attract the maximum amount of either buying or selling.
The support price is a price at which one can expect more buyers than sellers. Likewise, the resistance price is a price at which one can expect more sellers than buyers.
If a bull market when the price moves up and then pulls back, the highest point reached before it pulled back is now resistance.
Resistance levels indicate where [...]
| 335 views | Category: Support and Resistance |
Trend lines are probably the most common form of technical analysis in forex trading.
They are probably one of the most underutilized ones as well.
If drawn correctly, they can be as accurate as any other method.
Unfortunately, most forex traders don’t draw them correctly or try to make the line fit the market instead of the other way around.
In their most basic form, an uptrend line is drawn along the bottom of easily identifiable support areas (valleys).
This is known as an ascending trend line.
In a downtrend, the trend line is drawn along the top of easily identifiable resistance areas [...]
| 456 views | Category: Support and Resistance |
If we take a trend line and draw a parallel line at the same angle of the uptrend or downtrend, we will have created a “channel”.
Channels are just another tool in technical analysis that can be used to determine good places to buy or sell.
The upper trend line marks resistance and the lower trend line marks support. So both the tops and bottoms of channels represent potential areas of support or resistance.
Trend channels with a negative slope (down) are considered bearish and those with a positive slope (up) are considered bullish.
To create an up (ascending) channel, simply draw a parallel line at the same angle as an uptrend line and [...]
| 699 views | Category: Wolfe Waves Pattern |
The Wolfe waves pattern is named after a trading guru called Bill Wolfe. He identified that when price action remains within a price channel and makes a false breakout on the fifth wave, it usually starts a reversal of the prevailing trend in the opposite direction.
He clarified that Wolfe waves can help traders find a terrific entry point in the market at the beginning of a potential reversal with a great risk-to-reward ratio. Moreover, it can also pinpoint a potential exit point or offer traders a price target based on the symmetric configuration of the price pattern.
A bullish Wolfe waves pattern, in general, looks [...]
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