By Thomas N. Bulkowski Throwbacks and pullbacks are not new to securities, but if you don’t understand how price behaves, a losing trade may result. Figure 1 shows an example of a throwback. Price forms a symmetrical triangle by bumping up against overhead resistance highlighted by a down-sloping trendline and finds support along the bottom […]
Technical Analysis Articles –
By Darrell Hale Technical Analysis is one of the oldest tools for making trading decisions. At its core, it’s simply analyzing the price and volume of the instrument you are trading. There are many ways to get there (Moving Averages, Relative Strength, Oscillators, etc…). In this article we will focus on chart patterns, specifically, the […]
INTRODUCTION There is no doubt Elliott Wave is one of those techniques that traders either love or hate. For some it’s almost a status symbol to be able to count waves. Others find it just too hard. I have looked over some online Elliott Wave forums on an occasional basis just to have a look […]
Williams %R is based on a similar concept to RSI – measuring the latest close in relation to it’s price range over a given number of days. The same concept apply to this indicator, the divergence of the indicator with price in extreme areas being the most imortant.