Traders use chart patterns to determine likely market reversal points, whether bullish or bearish. Some take it further, using harmonic patterns based on Fibonacci ratios. Harmonic patterns can be applied to any asset class, including stocks and commodities, but are most frequently used by forex traders. Key Takeaways Understanding Harmonic Patterns Like other price patterns, harmonic patterns […]
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Heikin-Ashi, also sometimes spelled Heiken-Ashi, means “average bar” in Japanese. The Heikin-Ashi technique can be used in conjunction with candlestick charts when trading securities to spot market trends and predict future prices. It’s useful for making candlestick charts more readable and trends easier to analyze. For example, traders can use Heikin-Ashi charts to know when to stay in trades while a
Heikin-Ashi: A Better Candlestick Read More »
Traders use technical indicators to gain a hold on the movement in the supply and demand of securities and market psychology. The best indicators are used to see when to buy or sell an asset. Traders can choose from hundreds of technical indicators, from simple moving averages to complex oscillators. Each serves a specific purpose.
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