In terms of long-term profits, buy-and-hold strategies outperform price pattern techniques for trading systems; however, some patterns appear to help predict broad price trends. According to some studies, a wedge pattern will most often break out in...

Pivot points are a popular technical analysis tool used to identify potential support and resistance levels in the market. There are several types of pivot points, each with its own calculation method and application. The main types are:

Hedging in forex is a risk management strategy that involves opening multiple positions to offset potential losses. Here’s how to implement it effectively:

As a visual pattern, three white soldiers indicate the reversal of a downtrend, while three black crows indicate the reversal of an uptrend. In terms of volume and confirmation from other indicators, both patterns require the same caveats.

The Forex Cycle Line is a technical analysis tool designed to help traders identify recurring price patterns in the foreign exchange market. It operates on the principle that currency pairs move in cyclical waves due to economic data releases,...

Trading without a stop loss is a risky strategy that can have both benefits and drawbacks. It's essential to understand these pros and cons before deciding whether to adopt this approach in your trading activities.

The Megaphone pattern, also known as the Broadening Formation, is a volatile chart pattern characterized by expanding price swings, forming higher highs and lower lows. It indicates increasing market uncertainty and can signal potential reversals or...

Mean reversion trading strategy is a popular approach used in financial markets to exploit the tendency of prices to revert to their average or mean levels over time. This strategy is based on the belief that when the price of an asset deviates...

The Force Index(FI), developed by Alexander Elder, is a technical indicator that combines price movements and trading volume to measure the strength behind price trends. It consists of three key components:

Elliott Waves is a technical analysis tool that differs from other indicators in its ability to analyze and forecast market trends. Unlike other tools that rely on mathematical calculations or statistical analysis, Elliott Waves is based on the...