Short-term consolidation patterns that form after a sharp, nearly vertical price move. They signal a brief pause before the primary trend resumes.
A candle where the opening price matches the closing price. It displays intense market equilibrium and brief hesitation. trading technical analysis masterclass pdf
Human psychology drives market cycles, creating predictable patterns. The Mechanics of Market Charts Traders use different charts to visualize market data. Short-term consolidation patterns that form after a sharp,
Price makes a lower low, but the RSI makes a higher low. This indicates weakening downward momentum and a likely upward reversal. trading technical analysis masterclass pdf
: Identifying key levels and zones where price has historically reversed or stalled.
A professional trading strategy must be written down as a strict execution checklist.