Ascending channels provide a steady signal on the strength of an uptrend and the optimal levels to open positions during a pullback. Traders use various technical analysis tools to identify emerging ...
The SPY is trading in a long-term rising channel pattern and on Wednesday was bouncing up from the lower trend line. The pattern is considered to be bullish unless a stock or ETF breaks down from the ...
Investors watch trading volume and other momentum indicators alongside descending channel patterns to better gauge when to open and close trades. Buying an asset in a downtrend can be a risky maneuver ...
For day traders, a brokerage account isn’t enough to trade effectively. In-depth technical analysis demands specific pattern trading software. While many brokerages offer tools to make pattern ...
Ford Motor Company (NYSE:F) was sliding about 0.8% lower on Tuesday, heading into its first-quarter earnings report, which is set to print after the market close. On Monday, the legacy-turning-EV ...
TRX shows signs of local exhaustion and channel resistance. A breakdown below $0.266 may trigger a corrective A-B-C move. Long-term uptrend remains valid above the $0.21 support base. TRON (TRX) has ...
A pattern day trader is a trader who makes four or more qualifying day trades in a five-day period. To qualify as a pattern day trader, the individual must meet two additional criteria. The person ...
Tim Smith has 20+ years of experience in the financial services industry, both as a writer and as a trader. Robinhood shares traded more than 12% higher ahead of Thursday's opening bell after the ...
Nifty Prediction For Monday Next Week By Experts 5 May: Indian stock market on Friday (May 2) closed in the green in a highly volatile trading session. The BSE Sensex index gained 259.75 points or ...