Top Forex Pairs Forex is the largest market in the world and trades around the clock. Which currency pair is trending the strongest RIGHT NOW? Find out what pair is topping our list and where is it going, view this list for free now! Todays Top Performing Forex Pairs
Analysis written in a straightforward way so that everyone understands.
only a small few who get it consistantly correct and you are certainly
for putting this all together and sharing! BHW
Stuff! Kenny has shown time and time again the ability to show us direction in
these markets. Khalsa
Kenny, I appreciate your insight and analysis. You make sense of what I can rarely see.
Thanks for sharing. Gene
Took a gold short at 1240
just closed at 1203 :-)))))))))))))))))) ........ top call!! Gekko
Stock Chart Patterns
Analysis Charting Patterns Explained
What are Stock Chart Patterns
chart patterns are a
key part of stock market technical analysis charts.
Human nature never
changes and we humans have the same reactions and
responses to stressful situations that our predecessors did.
As a result, price patterns will repeat on the stock charts as the
market goes through its
normal cycles, in good times and in bad. That does not go to say we can
always tell from technical analysis what is going to happen to stock
prices but we can find instances of the same patterns repeating over
and again in the charts.
The analysts task is to identify these stock market charting patterns
stages and be able to profit from them as they develop.
Quote - "There is
nothing new in the world except the history you do not know."
-- Harry Truman --
Stock Chart Pattern Identification
There are two types of technical
analysis charts patterns, continuation
Recognition of what type of pattern is playing out can
to the analyst whether to expect a continuation of the trend or a
A continuation chart
pattern happens in a trending market when the
starts to lose momentum. In a bull market (when the market is rising)
buying pressure starts to weaken but if there are not enough sellers to
reverse the trend. The market may then consolidate in a range
These consolidation periods often create the same continuation patterns
the chart that recur again and again.
Exactly the same is true in a bear market (when the market is falling)
except that it is the sellers who run out of steam and there are not
buyers to reverse the trend.
Reversal chart patterns
occur at market tops and bottoms. In
market (when the market is rising) there will become less buyers as the
trend matures and investors take profits. When the trend stalls as
sellers start to gain confidence and there not enough buyers to get the
momentum going again, eventually the trend reverses.
These battle zones at tops and bottoms often create the recurring reversal patterns
which traders can use as signs of an impending reversal of trend.
Exactly the same is true in a bear market (when the market is
except it is the sellers who run out of steam and the
buyers that gain control.