Two Patterns You Never Heard of: Throwbacks and Pullbacks
Throwbacks and pullbacks are not new to securities, but if you don’t understand how price behaves, a losing trade may result.
Throwbacks and pullbacks are not new to securities, but if you don’t understand how price behaves, a losing trade may result.
In a Japanese CandleStick chart, this is a doji candle where prices rallied but came back and closed at the level they started; the open and close are equal.
An indicator based on the difference between two exponential moving averages, expressed in absolute terms. Also known as the MACD indicator, the APO is calculated by subtracting the longer exponential moving average from the shorter exponential moving average. See also: Price Oscillator (PO), Percentage Price Oscillator (PPO).
The Exponential Moving Average is the most popular of all the versions of the moving average. The exponentially smoothed moving average gives greater weight to recent price data and also includes all the data in the life of the security. The user is able to adjust the weighting for the most recent price data by
Three Inside down is a three candlestick bearish reversal pattern. The formation occurs in an uptrend, with the first two candlesticks being the bearish Harami pattern. This is followed by a black candlestick that closes lower than the first candlestick in the series.