継続パターン
In the last lesson we discussed reversal patterns, ie formations of the price action that tend to signal that the trend is about to change, in the current lesson we are to discuss continuation patterns. Continuation patterns usually indicate that the sideways price action on the chart is nothing more than a pause in the prevailing trend, and that the next move will be in the same direction as the trend that preceded the formation. We make a start with triangles The ascending triangle is formed when the price action is condensed between an upward trendline and a resistance line. In such a case the price action seems to be […]
反転パターン
In the last lesson we discussed Fibonacci retracement levels in the current lesson we are to discuss reversal patterns. Reversal patterns are formations that the price action takes and according to some analysts indicate that a reversal in trend is taking place. For example from an uptrend it’s about to change to a downtrend and vice versa. Trend reversal Chart Preliminary points for all reversal patterns include but are not limited to: Most common reversal patterns: Making a start with the head and shoulders formation. It consists of three peaks where the center peak is the highest. A neckline is drawn connecting the lowest points of the “head” which could […]
フィボナッチリトレースメント
In the last lesson we discussed support and resistance levels and channels. In the current lesson we are to discuss Fibonacci retracement levels. THE FIBONACCI SEQUENCE is a sequence that starts with 0 and 1 and each subsequent number is the sum of the previous two: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89… FIBONACCI RATIOS are found by dividing any number in the sequence by: the number that immediately follows it (61.8%), the number after two places (38.2%) and three places (23.6%), with 50% being another Fibonacci level. In the current lesson we discussed the role and the identification of support and resistance levels, as […]
抵抗線、支持線およびチャネル
In the last lesson we discussed the direction of the price action, the trend and tended to hint towards support and resistance levels and channels. In the current lesson we are to dwell deeper into these subjects. Support is a level or area on the chart where buying interest is sufficiently strong to overcome selling pressure. A decline is halted and prices turn back up. Example of reversal of downward movement A support level is identified beforehand by a previous reaction low. So practically support levels are to be identified primarily observing where the downward action had been reversed or even halted in the past. Hence in the search of […]
トレンド
In the last lesson we discussed the timeframe of a chart and its importance, in the current lesson we are about to discuss the Trend. The trend is the direction of the market. Given that market moves are being characterised by a series of zigzags a certain number of consecutive peaks and troughs are being formed. It’s the direction of exactly those peaks and troughs that betrays the general direction of the market. Overall the concept of a trend is very important as it allows traders to identify the direction of their trades, whether to buy or to sell a certain trading instrument, as traders rely on the existence of […]