"Three white soldiers" is a technical term used in financial markets, specifically in candlestick chart analysis, which is a method of examining price movements over a period of time. This pattern is considered a bullish reversal pattern and is...

The dark cloud cover pattern is a key candlestick formation in forex trading that holds significant importance for traders. It is a bearish reversal pattern consisting of two candlesticks: a large bullish candle followed by a bearish candle that...

Indicators are a commonly used tool in the world of trading. They are mathematical calculations based on the price and volume of a security, used to forecast future price movements. Indicators can help traders identify potential trading opportunities...

When price is bounded by parallel support and resistance levels, a rectangle forms on the chart.

In forex trading, a long position refers to buying a currency with the expectation that its value will increase over time. This means that the trader will profit if the currency pair appreciates, and they will lose money if it depreciates. For...

Effective plans for forex trading are essential for achieving success in the highly volatile and complex foreign exchange market. These plans encompass a range of strategies and principles that traders employ to navigate the intricacies of currency...

Profits, revenues, costs, taxes, and other forms of capital investment are all part of running a business. Traders should approach business in the same way.

The purpose of the Average Directional Index (ADX) is to measure the strength and direction of a market trend. Developed by J. Welles Wilder, the ADX is a widely used technical indicator in trading and investing. It helps traders and investors...

The zig zag indicator is a simple tool used by analysts to determine when a security's trend is changing. By identifying support and resistance areas, it is possible to identify significant price changes while filtering out short-term fluctuations,...

The morning star pattern differs slightly. When the price action in the middle of the candlestick is essentially flat, a doji is formed. There are no visible wicks, resembling the "+" sign. A morning star with a thinner middle candle reflects the...