Traders often look for repeatable patterns on the price charts. Such formations help greatly in technical analysis as they say a lot about possible price behaviour. Some patterns are more commonly used than others. Have you heard about the stair steps pattern? It will be the topic of today’s article. What is the stair steps … Read more
The situation in the market changes constantly. It is important to be able to distinguish a trending market from a ranging one. It may generate certain difficulties in the beginning. I wish to guide you through this task in today’s article. Recognising the trend in the market The trend can develop in both directions, that … Read more
Traders who generally base their trading decisions on technical analysis understand the value of support and resistance levels. It is through these levels that opportunities in a chart become visible. Furthermore, support and resistance levels present the possible levels where price levels are expected to bounce or reverse. So how can you master the use … Read more
Technical analysis tools can be generally divided into two types. The first type will be lagging indicators and the second one – leading indicators. On most trading platforms you will find a wide choice of both kinds. It is important for your trading though, that you know what is the difference between them and when … Read more
The levels called support and resistance are very useful lines on the price chart. They are of great help when determining the probability of the price breakouts and trend reversals. A lot of traders are relying on this tool. You should know what they are and how to use them properly. The basics of the … Read more