Boost your knowledge on chart patterns as we list some of the most popular patterns known in trading ⤵️
and a rising lower trend line, both happening at roughly an equal slope. The symmetrical triangle is neither a bullish nor a bearish pattern, as its interpretation heavily depends on the context . On its own, it’s considered to be a neutral pattern, simply representing a period of consolidation., indicating tightening price action. The trend lines, in this case, show that the highs and lows are either rising or falling at a different rate.
It might mean that a reversal is impending, as the underlying trend is getting weaker. A wedge pattern may be accompanied by decreasing volume, also indicating that the trend might be losingThe rising wedge is a bearish reversal pattern. It suggests that as the price tightens up, the uptrend is getting weaker and weaker, and may finally break through the lowerThe falling wedge is a bullish reversal pattern.
The double top is a bearish reversal pattern where the price reaches a high two times and it’s unable to break higher on the second attempt. At the same time, the pullback between the two tops should be moderate. The pattern is confirmed once the price breaches the low of the pullback between the two tops.The double bottom is a bullish reversal pattern where the price holds a low two times and eventually continues with a higher high.
at roughly the same level as the first low. The pattern is confirmed once the price breaches the neckline resistance and continues higher.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
What Is Mimblewimble? | Binance AcademyThe introduction of Mimblewimble marks a notable milestone in blockchain history. The Mimblewimble protocol may allow for more privacy and scalability.
Read more »
Moon | Binance AcademyMoon | Definition: A colloquial expression used to describe a cryptocurrency or other asset that is experiencing a strong upward market trend.
Read more »
What Is Tulip Mania? | Binance AcademyTulip Mania is considered by many as the first recorded story of a financial bubble, which supposedly occurred in the 1600s, but was it a real bubble?
Read more »
An Introduction on Arch Linux Pacman for Beginners | HackerNoonNeed help learning about Linux's pacman? Look no further. Here's everything you need to know.
Read more »
The Beginner's Guide to Lockdrops | CoinMarketCapYou may be familiar with airdrops, but even many crypto-savvy users have never heard of or even participated in a Lockdrop. 🤔 Let CoinMarketCap explains! 👇
Read more »
Binance P2P: How to buy a PORTO Fan Token With P2P | Binance BlogCan’t wait to interact with your favorite football club? Learn how you can become a PORTO Fan Token holder with the help of Binance P2P.
Read more »