In forex trading, strategy is essential. Before you even look at the chart, you want to know when to open and close your trades. You set yourself up for failure without a plan. There are various tactics, and they all function differently depending on the situation, just as with any other business effort. For forex … Read more
When an asset hits an overbought level, it signifies that price has moved extremely upward from the point where a reversal is likely. In contrast, the oversold level denotes a potential turning point following a strong bearish pressure on the market. In any instance, extreme bullish or bearish price swings on an asset are a … Read more
The US30, commonly known as the Dow Jones Industrial Average or just the Dow, consists of 30 high-value, blue-chip stocks that represent some of the biggest brands and companies in the world, such as Nike, Apple, Coca-Cola, Johnson & Johnson, and others. It’s a terrific option for overseas investors to invest in the American stock … Read more
A momentum candlestick pattern is the best way to explain the marubozu candle pattern. It typically acts as a leading indicator for traders that the price is anticipated to continue in a particular direction without any opposition. A one candle makes up the Marubozu candle pattern. It is a simple formation that is simple to … Read more
The double bottom or W pattern is the most prevalent chart pattern used in trading. In fact, this pattern is so common that it may be taken as irrefutable evidence by itself that price action is not as totally random as many say. The double bottom pattern is one of the very few that perfectly … Read more