An Introduction to Double Bottom and Double Top Patterns

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You’d be hard pressed to find a formation as ubiquitous as the double bottom or double top, often labelled ‘M’ tops and ‘W’ bottoms for visual reasons. Spend a couple of minutes looking at just about any candlestick/bar chart and numerous W and M patterns are immediately obvious. As a matter of fact, the pattern … Continue reading An Introduction to Double Bottom and Double Top Patterns

Moving averages explained

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In the right hands, moving averages (MAs) are an exceedingly influential approach. Statisticians categorise moving averages as part of a family of tools for time series analysis. Technical analysts employ moving averages to smooth data over time, allowing a clearer interpretation of the underlying trend. Moving averages are particularly potent in markets that have a … Continue reading Moving averages explained

Basic Market Structure in the Forex Market

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As the sea rises and falls along a shoreline, price action ebbs and flows in a similar manner. Perhaps one of the most disregarded facets of technical analysis, yet one of the most essential, is the identification of market structure. Many analysts identify market structure as an art form, constantly evolving from one phase to … Continue reading Basic Market Structure in the Forex Market

Exploring the Power Behind Trend Line Studies in Forex

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Successful traders always follow the line of least resistance – Jesse Livermore. While intricate trading strategies may impress, it’s unnecessary to succeed in the financial markets – keeping things simple is essential. Most trading systems have one thing in common: the trend. In retrospect, a trending market is easily recognised on a price chart. The … Continue reading Exploring the Power Behind Trend Line Studies in Forex