Technical Analysis

Ascending Price Channel (Bullish Channel)

by
A trend-following pattern where price moves within two parallel upward-sloping trendlines, acting as dynamic support and resistance. This pattern indicates an orderly and sustained uptrend, where pullbacks provide buying opportunities within a defined structure. Significance Indicates a steady uptrend with well-defined support and resistance levels. Frequently appears in bullish markets, signalling a continuation of the ... Read more

Falling Wedge

by
A bullish reversal pattern that forms when the price moves lower within a narrowing downward-sloping channel. This pattern indicates that selling pressure is weakening, and a breakout to the upside is likely. It signals that buyers are gradually taking control, leading to a potential trend reversal from a downtrend to an uptrend. Significance Suggests that ... Read more

Bullish Flag

by
A Bullish Flag is a short-term continuation pattern that appears after a strong price rally. It forms a small downward or sideways consolidation resembling a flag on a pole. Once the price breaks out above the flag, it signals a continuation of the uptrend. This pattern indicates a brief pause before the next upward move. ... Read more

Triple Bottom

by
A bullish reversal pattern that forms when the price tests a support level three times but fails to break lower. This pattern signals strong buying pressure and a potential trend reversal from a downtrend to an uptrend. It is considered stronger than the Double Bottom since price has tested the support multiple times, showing that ... Read more

Doble Bottom

by
A W-shaped formation where price tests a support level twice at nearly the same level but fails to break lower. This pattern signals a potential trend reversal from a downtrend to an uptrend. It forms after a prolonged bearish trend, and a breakout above the middle peak resistance confirms the bullish reversal. Significance Suggests strong ... Read more

Double Top

by
A M-shaped pattern where price tests resistance twice at nearly the same level but fails to break higher. This pattern signals that buyers are losing strength, and a breakdown below support confirms a bearish trend reversal. Significance Suggests that strong resistance is preventing further price increases. Indicates a shift in market sentiment from bullish to ... Read more

Rising Wedge

by
A narrowing upward pattern where price forms higher highs and higher lows, but the range contracts before breaking downward. This pattern signals that buyers are losing momentum, and a breakdown confirms a bearish trend. Significance Suggests that buying pressure is weakening, despite the uptrend. Often leads to a sharp price decline once support breaks. A ... Read more

Head and Shoulders

by
A three-peak formation where the middle peak (head) is the highest, while the side peaks (shoulders) are lower. This pattern signals a potential trend reversal from an uptrend to a downtrend. It forms after a strong bullish trend, and a breakout below the neckline support confirms the shift to bearish momentum. Significance Suggests that buyers ... Read more

Exponential Moving Average (EMA)

by
The Exponential Moving Average (EMA) is a variation of the Simple Moving Average (SMA) that gives more weight to recent price data. This makes EMA more responsive to price movements compared to SMA. [ultimate_spacer height="20"] Significance & Purpose Identifying trends faster – Reacts quickly to price changes, making it useful for short-term traders. Providing smoother ... Read more