Technical Analysis Articles –
The Bullish Engulfing Pattern is a two candlestick reversal pattern that occurs during a downtrend. The first candle is relatively small bodied and black. The second candle in the pattern is white with a body that completely engulfs the real body of the first.
The Bearish Belt Hold Japanese Candlesticks pattern begins with a series of bullish candles and is followed with a bearish candle where the opening price remains the high of the day and is significantly higher then the closing price.
The Piercing Line Pattern is a bullish Japanese Candlestick reversal pattern and the opposite of the Dark Cloud Cover pattern.
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.
If you are trading using the same moving averages and stochastics indicators as everyone else, maybe it’s time to take a look at some of the revolutionary tools in Wave59. For example: The 9-5 Count – tracks price cycles (not time cycles) to determine future turning points. When a price cycle ends, the market makes