The series of higher-bottoms and higher-tops are helping to give the February Comex gold market an upside bias, and the elongated rectangular pattern inside a triangle chart pattern are signs of ...
A. A chart pattern is a visual representation of price movements. When data is plotted, a pattern naturally occurs and repeats over a period of time. In short, they are geometric shapes found in ...
GBP/JPY has broken out of the top of a Right-Angle Triangle and moved some of the distance towards its target. The pair will probably go higher, subject to confirmation.
A chart pattern manifests when the price of an asset moves in a direction similar to a common shape, such as a triangle, rectangle, head and shoulder, or, in this case, a cup and handle. These ...
The rectangle is a classical technical analysis pattern described by horizontal lines showing significant support and resistance. Unlike evolved technical analysis, which relies on indicators such as ...
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