A symmetrical triangle is a chart pattern used in technical analysis that represents a period of consolidation before the price breaks out in either direction. It is formed when the price makes lower highs and higher lows, creating two converging trendlines that form the shape of a triangle. This pattern reflects a balance between buyers […]
Gaps in the stock market refer to price levels where no trading occurs, resulting in a “gap” between two consecutive candlesticks. Gaps are typically created due to significant news, earnings releases, or other events, and they indicate strong momentum in a particular direction. Understanding gaps is essential for traders as they often provide valuable trading
The Rising Wedge Pattern is a bearish chart pattern commonly observed in technical analysis. It occurs when the price of an asset is consolidating between two upward-sloping trendlines that are converging. This means that while the price is rising, the rate of increase is slowing down, indicating weakening momentum. The rising wedge pattern typically signals
