A moving average is a form of daily technical analysis that uses an updated average price to filter out price data. The average is calculated over a certain period, such as a year, 20 days, or one week. What do Moving Averages tell us? The use of a moving average can help to filter out […]
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The London Breakout is a day trading strategy that uses the trading range before the London session opens. Since London is in a different time zone than the New York Stock Exchange, the market opens several hours before the NYSE. As a result, traders will have a one-of-a-kind opportunity to initiate new positions due to
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A three-line strike is a set of candlesticks that consists of three bars in the trend’s direction, followed by a final candle that pulls back to the start point. How can you identify the three-line strike? Four candles make for a bullish three-line strike. The first three of these are bullish, while the fourth is
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The moving average ribbon plots different moving averages and creates a ribbon-like structure. The spacing between the moving averages gauges the trend’s strength, and the price in relation to the ribbon can be used to identify key levels of support or resistance. Understanding moving average ribbon Moving average ribbons are typically made up of six
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The abandoned baby candlestick pattern is a reversal pattern with three bars. It resembles the morning and evening star formations and denotes a reversal following a steep climb or fall. How can you identify the pattern? Abandoned baby consists of a bullish and bearish pattern. The bullish abandoned baby is a form of candlestick pattern
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The Island pattern suggests a reversal of a current trend. The pattern has gaps on both sides, giving it the appearance of a divided region. That’s why it’s known as the Island. What is the Island Reversal pattern? The Island pattern can be seen on the chart because of its structure. Both sides of the
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The three black crows candlestick pattern is a bearish reversal pattern that is considered quite effective. The three black crows’ signify a change of control from the bulls to the bears by three successive bearish candles after a bullish trend. How to find the three black crows pattern? Each candle in a three-black crows pattern
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An outside bar is a reversal and continuation trading method in which the current candle, high and low, completely engulfs the preceding candle high and low. You can use this method to help you identify bullish and bearish reversal/continuation patterns. How can you identify the outside bar pattern? The bullish and bearish engulfing candlesticks are
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