Technical Analysis Articles –
Introduced by Welles Wilder in his 1978 book, New Concepts in Technical Trading Systems, the Parabolic SAR (PSAR) is an indicator that sets trailing price stops for long or short positions. It is more popular for setting stops than for establishing direction or trend. Wilder’s intent was to create an indicator that capitalized on a
Brought to you by: CandleStickShop.com Step 1 – Pull up a Weekly chart of the stock. Step 2 – Look for a BULLISH HARAMI resting on MINOR PRICE SUPPORT, and/or a rising Major Moving Average (10 MA, 20 MA, or 50 MA) on the Weekly chart. Step 3 – Pull up a Daily chart of
Concealing Baby Swallow is a four candlestick bullish reversal pattern. The pattern occurs in a downtrend and the first two candles are black Marubozus. The third day opens with a gap down and a long upper wick that reaches into the body of the second candle. The fourth day is a black Marubozu and engulfs
The Gartley Pattern is certainly one of the classic retracement patterns. It can offer the trader early entry with minimum risk into a potential longer term trend reversal. For short term day traders the pattern can be used effectively to buy and sell tests of highs and lows on an intraday basis. Gartley said to
A smoothed variation of the Arms Index, the Open-10 TRIN study is a market breadth indicator that uses advancing/declining volume and advancing/declining issues to measure the market’s strength or momentum.