Chartist – Ninja-Addons

4 years ago
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The Rectangle Pattern

Introduction The rectangle is a classical trading pattern marked by horizontal lines showing significant support and resistance. Support refers to any price point below the current market price where buying emerges to create, at least temporarily, a pause in a downtrend. When the price is above the current market price where selling causes, at least temporarily, a pause in an uptrend, it shows resistance. This …

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4 years ago
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Triangle Patterns

Introduction In trading, triangles are categorised under continuation patterns. They are basically horizontal trading patterns. At the beginning of its formation, the triangle is the widest. Then, as the market continues to trade in a sideways pattern, the point of the triangle is formed as the range of trading narrows. Basically, the triangle depicts losing interest …