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Protected: An UpClose Look at the RSI Indicator – Stock Grad Call 10/7/2010
October 8, 2010 in Analyze Market Conditions, Stock Graduate Session, Technical Analysis
Protected: Stock Grad Call 3/25
March 26, 2010 in Stock Graduate Session, Technical Analysis
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Patterns: Descending Triangle
July 9, 2009 in General Information, Technical Analysis
What Does Descending Triangle Mean? A bearish chart pattern used in technical analysis that is created by drawing one trend line that connects a series of lower highs and a second trend line that has historically proven to be a strong level of support. Traders watch for a move below support, as it suggests that downward momentum is building. Once the breakdown occurs, traders enter into short positions and aggressively push the price of the asset lower. The chart below is an example of a descending triangle: This is a […]
Protected: The Bulls Abound
April 3, 2009 in Analyze Market Conditions, Stock Graduate Session, Technical Analysis
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