The market – and the S&P500 index – hasn’t changed a lot in the past week.>> Read more >>
In technical analysis, a candlestick pattern is a movement in prices shown graphically on a candlestick chart that some belief can predict a particular market movement. The recognition of the pattern is subjective and programs that are used for charting have to rely on predefined rules to match the pattern.
There are plenty of different candlestick patterns. Most of them are quite complicated, as they are based on three or more candlesticks. Candlestick patterns are a very usable stock trading tool. Trading in a bear market or downtrend is much easier when you use bearish candlestick patterns.
The market – and the S&P500 index – continues in strong price action>> Read more >>
In mathematics, the Fibonacci numbers, commonly denoted Fn form a sequence, called the Fibonacci sequence, such that each number is the sum of the two preceding ones, starting from 0 and 1.
In finance, Fibonacci retracement is a method of technical analysis for determining support and resistance levels. Fibonacci retracement is based on the idea that markets will retrace a predictable portion of a move, after which they will continue to move in the original direction.
A Fibonacci retracement is a popular tool that technical traders use to help identify strategic places for transactions, stop losses or target prices to help traders get in at a good price. It is one of the best stock market trading tools. Although Fibonacci values look very simple and easy they’re a very powerful tool for profitable traders.
The market – and the S&P500 index – is near its highs again.>> Read more >>