In this section we'll look at four more patterns that are commonly identified by technical analysts. These occur when a market price starts to converge towards a single point. How the triangle is ...

Candlestick patterns are widely used in technical analysis to predict future price movements in financial markets. By analyzing the shape and formation of candlesticks, traders and investors can gain ...

After losing some value lately, a hammer chart pattern has been formed for MTU Aero Engines (MTUAY), indicating that the stock has found support. This, combined with an upward trend in earnings ...

As we've seen, when a market hits significant support or resistance, it tends to either bounce off or break through (apart from fakeouts, of course). Clearly, if you could forecast when the market was ...