Stock Market

Trendline is a powerful trading tools for the traders. This trading system is based on trendline breakout. It is combined with MACD which can give you more accuracy for taking entry. This trading system is very simple which is suitable for professional and beginners. How to take Buy entry You need to draw a up trendline. You have to draw trendline by joining the swing low in the up trend market. You should not draw any line over the candle. After drawing trendline, you have to wait for breakout of this up trendline. When it breaks trendline, then you need to wait for getting confirmation from Stock Market ...ادامه مطلب

The Ascending triangle is a trend continuation patte typically formed in an uptrend that serves for existing direction confirmation. Formation This patte is represented by a narrowing price range between high and low prices, visually forming a triangle. The main distinctive feature of this type of triangles is that it generally has a horizontal trendline (resistance) connecting the highs at roughly the same level and an ascending trendline (support) connecting higher and higher lows. Interpretation of Ascending Triangle When the price breaks above the resistance line (plus certain deviati Stock Market ...ادامه مطلب

The rectangle graphical price patte serves for existing trend confirmation. The bullish version is usually formed in an uptrend and signals the trend’s direction will prevail after its occurrence on the chart. Formation The rectangle patte is characterized by two parallel trendlines representing supportand and resistance  levels respectively connecting the most recent lows and highs of the price, holding a certain bunch of price fluctuations within. Interpretation of Bullish Rectangle The price climbing above the resistance line (plus certain deviation is possible) is considered a buy sig Stock Market ...ادامه مطلب