“Head and shoulders” pattern is probably the most famous of those occurring in the market and the one from which people start getting to know technical analysis and the market as such.
The “Flag” pattern is a technical analysis tool in the Forex trading that predicts continuation of the current market tendency (trend) and consists of two parts: the “flagpole” and the “Flag” (the channel within which the price moves).
The “Pennant” pattern is a technical analysis tool; when the pattern is complete, trend continuation is expected. The pattern itself represents a temporary pause (retracement) in the actively developing trend.
The “Wedge” pattern is a technical analysis tool in the Forex that predicts the approaching market tendency (trend) change.
The “Triangle” pattern is a simple technical analysis tool in Forex which is a series of falling tops and rising bottoms (4 points are required to draw the pattern).
More specifically, we will test the divergence on classical indicators such as MACD, RSI, and Stochastic.
Today, we'll test Bollinger Bands. They are a set of three moving averages, all of which have the same calculation period. But the standard deviation (price range) is added to or subtracted from the upper and lower ones.
Today, we’re going to test 3 indicators: Relative Strength Index (RSI), Commodity Channel Index (CCI), and, at our reader's request, Williams %R indicator. What do they have in common, and why have we decided to test them together?
In this article, we’re going to test a classical Moving Average indicator.
What is the domino effect? Simply put, this is a chain reaction where a change of one element triggers similar changes of neighboring and subsequent elements in a linear sequence. Now let’s project this concept on the Forex market.
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