As I mentioned in a recent Charts in Play, flag formations are one of my favorite chart patterns to trade. These triangles generally represent continuation patterns or pauses in a major trend.
A bearish inverted hammer candlestick pattern on the weekly chart, coupled with a drop below last week's low, suggests increasing selling pressure. Silver peaked at a trend high of 25.00 last week.
The golden ratio emerges from the Fibonacci sequence, where each number (with the exception of the first two) is the sum of the two preceding ones (1, 1, 2, 3, 5, 8, 13...). Finan ...
Rather than relying solely on percentage drawdowns and time elapsed, Fibonacci retracement levels mapped across multiple ...
This week, Business Insider has been running a series of math tricks, statistical rules and trading patterns that have investors split in two: skeptics and fanatics. Today we continue with a concept ...
While the markets and media were obsessed with last week's Fed nonevent, they missed a huge move in gold. In the run up to the FOMC meeting, gold was in the grips of a two-week slump. But right after ...