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.
Technical Analysis Articles –
Throwbacks and pullbacks are not new to securities, but if you don’t understand how price behaves, a losing trade may result.
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 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.
Bearish Separating Lines is a continuation pattern that occurs in a downtrend with a long bodied white candlestick followed by a black candlestick with the same opening price as the first but with no upper wick.
Bullish Separating Lines is a continuation pattern that occurs in an uptrend with a long bodied black candlestick followed by a white candlestick with the same opening price as the first but with no lower wick.
uptrend. The first candlestick is long bodied and white. The second candlestick gaps higher but ends up closing below it’s open, at around the level of the top of the prior candlestick’s body.
Bullish On Neck Line is a continuation pattern occuring during an uptrend. The first candle in the pattern is long and white. The second candle gaps up from the close of the previous candle and closes at the level of the close of the first candle.
Bearish On Neck Line is a two candle continuation pattern occuring during a downtrend. The first candle gaps open lower and is long bodied and black. The second candlestick is small bodied and white, not closing above the low of the first candlestick.