With chart patterns, they are based on similar requirements and traits. Chart patterns all need to be confirmed before they are considered a chart pattern. Chart patterns all give us a target price to be reached once the pattern is confirmed. Each pattern has a mirror opposite. Patterns are essentially determined by support and resistance levels. For a bullish pattern, the price will have to break through a resistance level to confirm the pattern. For a bearish pattern, the price will need to break support levels. A key point to […]

Major Pairs Trending All of the majors are in clear trends. Depending on the major pair, the trend has been ongoing for 1-3 months. The trend has been very strong and has been based on the strengthening US dollar. Since the beginning of this month, each of the trends has had a bit of a hiccup where the trend weakened and in some instances raised the question if the trends were coming to an end. After a period over the last week and a half where we saw a counter […]