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 […]
Tag Archives | Technical Analysis
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 […]
Learn to recognize the classic reversal and continuation candlestick chart patterns. Topics covered include the origins of Japanese Candlestick Charting, the Anatomy of a Japanese Candlestick, and many more.
The economy and the stock market usually don’t turn on a dime. Their behavior is more like an oil tanker, needing time and space to change direction. In the stock market this shift is called a topping process and typically has two characteristics: 1. The range of its high to its low is between 10 […]