Indicators that provide the traders with possible support and resistance areas on chart are known as support and resistance indicators. These can be static or dynamic in nature. Support and resistance indicators are derived from the price itself and are lagging in nature but can provide possible support and resistance levels of future by extrapolation.
Dow Theory suggests the markets are made up of three distinct phases, which are self-repeating. Charles H. Dow wrote below words over 110 years ago on January 31, 1901 these , and they are as relevant for the 21st century as they proved to be for the 20th century. A person watching the tide coming in…
Support and resistance is one of the most important concepts in technical analysis. It is used to find the right locations on the chart where a trade entry or exit can take place.
Day trading and swing trading are two different types of trading styles. Both work on different timeframes and require a different mindset altogether. Making a decision between Day trading Vs Swing trading is quite tricky especially at the start of trading.
There are 4 main type of trading styles Investing or position trading, Swing trading, Day trading and Scalping
You must have heard these terms a zillion times Bull and Bear. If you are new to trading or investing then understanding these beasts and staying on the right side of them is key to your success. A market can go up or go down or move sideways. Bulls and bears are basically those who…
Candlestick patterns are probably the most used tool in technical trading and mastering this can make a big difference to your trading account!
Japanese candlesticks are one of the most important fundamentals of technical trading. Developing a good understanding about the candlesticks will go a long way towards trading success. Candlesticks are used for understanding the market psychology. Candlesticks form charts which are used in technical analysis for taking trade decisions. Different candlestick patterns have evolved over a…
Shooting Star is an interesting candlestick pattern. It is traditionally considered as a bearish reversal pattern. A two candle version also exists which is used as bullish continuation.
Spinning top is one of the most frequently occurring single candle pattern in any technical chart for any time frame. Following are some important points about spinning top candlestick pattern. It occurs very frequently in the market It indicates indecision in the market It has small but non-zero real body and long, approximately equal shadows…
