Description and Trading Implications: The Head and Shoulders pattern is a reversal indicator, recognized by its three peak formations - a higher peak (head) flanked by two lower ones (shoulders).

If there’s one truth about the Indian trading scene right now, it’s this—things move fast. Not just on the charts, but in the ...

Technical trading patterns come in all shapes and sizes. And they can occur over various time periods. Each pattern features a set of characteristics that makes it unique. And, despite the ...

It’s also important to observe volume when looking for ABCD patterns. Volume tends to be high as the pattern is forming (hence the action) and consolidated as the trend culminates. If there’s low ...

It tumbled to an intraday low of $371.84 before the dust settled, and closed down 16.2% on the day at $397.28, which was 13.1% below Wednesday's low of $457.30.

The Pattern Day Trading Rule In order to make four or more trades within a five business day period, an investor must meet the United States Securities and Exchange Commission’s (SEC) rule for ...

Essentially, trading an order block is looking for the price to retest this level and then failing to break it. It is a reversal pattern that creates a favorable risk-to-reward ratio, usually 1:2 ...