In any case, flexibility is required in interpreting these chart patterns. This is why support and resistance levels are sometimes zones rather than precise numbers. There is nothing magical about ...

In addition to support and resistance levels, other stock chart patterns include pennants, flags and head-and-shoulder patterns, which can signal patterns such as a trend reversal or a ...

Before getting into the intricacies of different chart patterns, it is important that we briefly explain support and resistance levels. Support refers to the level at which an asset’s price stops ...

You’ve probably heard the terms “support” and “resistance.” Common technical analysis terms, they are price points on a chart that can help determine when a move will pause, or even stop ...

You see, in reality, support and resistance are price zones, not exact numbers. This is clearly visible when switching from a higher timeframe to a lower one: an horizontal line on a weekly chart ...

The various triangle chart patterns are popular technical ... trend lines through the pattern’s upper resistance levels and lower support levels allows a triangle pattern and its type to be ...

In technical analysis, support and resistance levels are key price points on a chart where the probability ... pressure (e.g., bullish candlestick patterns, positive divergence on oscillators ...

As the name indicates, an ascending triangle on a chart forms when the price consolidates between a rising trendline support and a horizontal trendline resistance. The pattern typically appears ...