In addition to the usual depiction of price charts in forms such as line charts or bar charts, many traders use a slightly more advanced and informative graph, called a candlestick chart or simply a candle chart. The chart is named after the individual columns, which resemble candles, and are…
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The MACD indicator is one of the most used indicators in understanding market development. The indicator is based on moving averages and their interrelationship. MACD is an abbreviation for Moving Average Convergence Divergence. The MACD indicator is based on three different time parameters, namely time constants for three moving averages.…
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is an EU-based broker that, since 2008, has offered CFD trading on a global scale via a user-friendly trading platform in virtually all types of assets at competitive prices. It is also possible to trade via MT4 and MT5. You should choose Markets.com for the following reasons: Sign up for…
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Many trading platforms include a technical tool called Andrews Pitchfork. It is a tool for technical analysis that can help analyze a trend. It was invented by the trader Alan Andrew, presumably sometime in the 1930s. Andrew was a student under the famous Roger Babson, who made a fortune during…
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The ABCD pattern is one of the most well-known patterns in technical trading. In a more advanced form, it is also known as Gartley patterns. The ABCD pattern describes a correction in the market with a wave formation either in a downward or upward direction. When the formation is completed,…
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Parabolic SAR (also called PSAR) is not a particularly widespread indicator among Nordic traders, which is a pity because the indicator can provide some exceptionally strong signals in a directional market, and the indicator is relatively easy to understand. At the same time, the indicator is ideal for use in…
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Double bottoms and double tops are well-known patterns that often occur in financial markets. They frequently appear at the end of a trend, signaling the potential reversal of that trend. These patterns often take the form of a double bottom resembling a large “W” and a double top resembling a…
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When prices move sharply up or down, diving headfirst into the market is tempting. However, trading based on emotions often ends poorly. Therefore, we have found a simple strategy that can help most day traders “keep a level head” – at the same time, allowing you to participate effectively in…
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Cup & Handle is a so-called bullish candlestick pattern that resembles a teacup and is considered one of the most reliable buying formations if you want to safely enter a rising trend in the market. In this article, we explain what the Cup & Handle pattern is. You will learn…
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