Search results
Results from the WOW.Com Content Network
Head and Shoulders Bottom. This formation is simply the inverse of a head and shoulders top and often indicates a change in the trend and market sentiment. [3] The formation is upside down and the volume pattern is different from a head and shoulder top.
A chart pattern or price pattern is a pattern within a chart when prices are graphed. In stock and commodity markets trading, chart pattern studies play a large role during technical analysis. When data is plotted there is usually a pattern which naturally occurs and repeats over a period. Chart patterns are used as either reversal or ...
The aspects of a candlestick pattern. A candlestick chart (also called Japanese candlestick chart or K-line [8]) is a style of financial chart used to describe price movements of a security, derivative, or currency. Stock price prediction based on K-line patterns is the essence of candlestick technical analysis.
Most of the rules that are applied in the formation of the triple top can be reversed in the formation of triple bottom. As far as volume is concerned, the third low bottom should be on low volume and the rally up from that bottom should show a marked increase in activity. The formation of Triple bottom occurs during the period of accumulation.
A chart datum is the water level surface serving as origin of depths displayed on a nautical chart and for reporting and predicting tide heights. A chart datum is generally derived from some tidal phase, in which case it is also known as a tidal datum. [1] Common chart datums are lowest astronomical tide (LAT) [1] and mean lower low water (MLLW).
For example, the price of a share reaches a high of $30.00 on Wednesday, and opens at $31.20 on Thursday, falls down to $31.00 in the early hour, moves straight up again to $31.45, and no trading occurs in between $30.00 and $31.00 area. This no-trading zone appears on the chart as a gap.
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!
Example of cup and handle chart pattern. In the domain of technical analysis of market prices, a cup and handle or cup with handle formation is a chart pattern consisting of a drop in the price and a rise back up to the original value, followed first by a smaller drop and then a rise past the previous peak. [1]