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Financial
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Financial
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the market: Stock Quotes and Links to Financial Information providers.
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Signals based on price
chart patterns |
| Chartists analyze price chart and try to find
patterns that give them signals to buy or sell securities. The patterns
are much more used for trading purposes
then long term investment. The most known patterns are:
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Symmetrical
Triangle: Uptrend (Bullish)
Symmetrical triangles are often interpreted as area of indecision. A moment when the market pauses and wonders about future direction. If the price line goes out by crossing the top side of the triangle, it's interpreted as a purchase signal.
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Symmetrical
Triangle: Downtrend (Bearish)
If the price line goes out by crossing the bottom side of the triangle, it's interpreted as a sale signal.
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Ascending Triangle: Uptrend (Bullish)
Ascending triangle is a variant of the bullish symmetrical triangle and is interpreted as a purchase signal. This pattern is supposed to more reliable when found in an uptrend.
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Descending Triangle: Down trend (Bearish)
Usually found in a downtrend, descending triangle is a variant of the bearish and is interpreted as a sale signal.
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