Learn about investing, trading, retirement, banking, personal finance and more.
Once the price breaks out from the top pattern boundary, day traders and swing traders should trade with an UP trend. Consider buying a security or a call option at the upward breakout price level. To identify an exit, compute the target price for by adding the height of the pattern to the upward Breakout level. Pattern height is the difference between the highest high and the lowest low. The upward Breakout level is the highest high.
To limit potential loss when the price suddenly goes in the wrong direction, consider placing a stop order to sell at or below the breakout price.
Click here to view the current news with the use of Patterns
The Broadening Wedge Descending pattern forms when the price of a security makes lower lows (1, 3, 5) and lower highs (2, 4), forming a downtrend. This pattern may form when large investors spread out their selling over a period of time.
When the initial selling occurs, other market participants react to the falling price and jump on the bandwagon to participate. Then the value investors begin to buy, believing the price has fallen too much, which also spurs the original large investor to resume buying again as well.
Accommodation Trading is when two traders enter into a non-competitive trade agreement which disregards the current price
Explore the crucial role of accountants in maintaining accurate financial records and ensuring compliance with accounting rules. Understand the concept of responsibility accounting, the professional code of conduct, and the shared responsibility in financial reporting
Learn about currency convertibility and its impact on international trade and investments. Explore factors affecting currency convertibility at Tickeron.
Discover the significance of the Hanging Man candlestick pattern in trading. Learn its characteristics, interpretation, and strategies for predicting bearish reversals.
Uncover the enduring significance of gold throughout history, its pivotal role in the modern economy, and the various investment avenues it offers. Delve into the pros and cons of adding gold to your investment portfolio, considering its historical performance, potential for diversification...
Explore the top small-cap stocks for June 2023, featuring potential winners like Prometheus Biosciences, Vital Energy, and more. Uncover value, growth, and momentum within this diverse market segment for potential investment opportunities.
Discover top cryptocurrency trading courses for 2023. From beginner to advanced, find the right course to enhance your skills and succeed in the crypto market.
Genomics stocks: Dive into the transformative world of genomics stocks. Explore top companies, understand market capitalizations, and grasp the potential of gene therapies. From technological advancements to investment considerations, get a comprehensive view of the genomics sector's
Dive into the world of portfolio theories beyond the mainstream. Understand the Kelly Criterion, Modern Portfolio Theory, and the Black-Litterman model. Learn their merits, limitations, and how they can shape your investment strategies. Make informed decisions for successful investing
Dive deep into the world of hedge funds, from their unique investment approaches to varied strategies. Understand the proactive methodologies adopted by fund managers and discover how these funds differentiate themselves in the financial realm.