Triangle pattern trading is a strategy many day traders use to enter and exit their positions with confidence as prices stabilize. Triangles are a continuation pattern, meaning they’re not marked by a ...
One of the most well-known chart patterns is the flag pattern, which is created by price activity contained within a tiny rectangle or flag shaped channel. Flags, which are short-term continuation ...
Crude oil continues to form a potential bull flag pattern, with a brief breakout today met by selling pressure. A decisive rally above 71.41 could trigger upside momentum and improved bullish ...
Technical analysts believe that stock prices often trade in patterns, as the motivating driver behind the movement of stocks is humans, and humans exhibit the same emotions when it comes to their ...
Typically seen after a big move in one direction in a particular financial instrument, flags and pennants represent brief consolidations or pauses in the market before a resumption of the trend in ...
Gordon Scott has been an active investor and technical analyst or 20+ years. He is a Chartered Market Technician (CMT). Alistair Berg / Getty Images A triangle chart pattern is a tool used in ...
Roblox Corporation (NYSE:RBLX) was relatively flat in the premarket on Thursday after rallying 6.57% on Wednesday, breaking up from a bull flag pattern on the daily chart. On May 11, the day following ...