Tag: Technical Analysis

Bearish Engulfing Pattern: Day Trading Terminology

Bearish Engulfing Pattern: Day Trading Terminology The Bearish Engulfing pattern is a chart formation where the small green candlestick is engulfed or covered by a big red candlestick. Basically, the pattern is opposite to the Bullish Engulfing pattern where the small red candlestick is eclipsed by a large green candlestick. This chart pattern helps to […]

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Bullish Engulfing Pattern: Day Trading Terminology

bullish engulfing pattern

Bullish Engulfing Pattern: Day Trading Terminology The bullish engulfing pattern refers to a chart pattern that forms when a new candlestick opens lower and then closes higher than the entire previous candle. It usually occurs when the previous day candlestick is completely covered. A look at the chart pattern will display the tails of the […]

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Fibonacci Retracement Definition: Day Trading Terminology

Fibonacci Retracement Definition: Day Trading Terminology Fibonacci retracement is a technical analysis term referring to support or resistance areas. A retracement level uses horizontal lines to highlight areas of resistance or support that a trend must pass through before it can continue in its current direction. These levels are made by making a trend-line between […]

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Technical Analysis Definition: Day Trading Terminology

Technical Analysis

Technical Analysis Definition: Day Trading Terminology   Technical analysis is a way of evaluating securities based on price action, chart patterns and other methods for analyzing supply and demand. Most tools used in technical analysis are analyzed through statistical data and then displayed on charts for further analysis. Technical analysis is a relatively new trading […]

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