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💥Common gaps are formed when there is a slight pause in trading activity or a trading range, and the price opens above or below the previous day's closing price without any significant news or events...
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11/25/2022
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Hi, I want to test a simple strategy that says:
Sell if MFI is above 70
Buy if MFI is below 30
What I have done so far is shown in the screenshot
Here's what I don't understand:
In the comparison...
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11/23/2022
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💥Gaps are a common phenomenon in financial markets that can indicate significant price movements. A gap occurs when there is a difference between the closing price of a trading day and the opening pr...
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11/22/2022
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💥The inverted head and shoulders pattern is a chart pattern that signals a potential reversal of a downtrend. It is formed by three lows, with the middle low (the head) being lower than the other two...
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11/21/2022
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💥A rectangle is a chart pattern that signals a period of consolidation in the price movement of an asset. The pattern is formed when the price moves between parallel support and resistance levels, cr...
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11/20/2022
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💥A wedge is a chart pattern that signals a potential trend reversal or continuation. It can be either a rising wedge or a falling wedge.
💥A rising wedge is formed when the price consolidates betw...
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11/19/2022
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💥Flags and Pennants are two chart patterns that can occur during a trend, typically after a significant price movement. They are classified as continuation patterns as they suggest that the previous ...
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11/18/2022
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💥Broadening formation, also known as megaphone or expanding triangle, is a chart pattern characterized by two trend lines that are diverging from each other. The top trend line represents the resista...
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11/17/2022
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💥A descending triangle is a chart pattern in technical analysis that is formed when the price of an asset moves within a converging range, with a downward-sloping trend line at the top and a horizont...
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11/15/2022
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💥An ascending triangle is a type of pattern that can be found in technical analysis. It is formed when the price of an asset moves within a converging range, with a horizontal resistance line at the ...
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11/14/2022
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