What is Gartley Pattern in trading The Gartley pattern is a type of harmonic pattern that is recognized on the chart by using fixed Fibonacci ratios in trading. It is the most widely used harmonic pattern in forex technical analysis.…
Harmonic Shark Pattern: A Trader’s Guide
Like other harmonic patterns, the shark pattern is also famous not because of its name but also due to its profitability ratio. This pattern is made by specifying Fibonacci parameters. Fibonacci is an essential element of all the harmonic patterns…
5-0 Harmonic Pattern Trading Guide
5-0 Harmonic Pattern 5-0 harmonic pattern is a 5-wave pattern that represents a trend reversal and end of retracement move on the chart. All the waves in the 5-0 pattern are based on specific Fibonacci ratios. This pattern also shows…
Understanding How Relative Volatility Index Works
What is Relative Volatility Index? The relative volatility index (RVI) refers to an indicator that measures the bullish or bearish strength of volatility of a stock or currency in trading. Donald Dorsey developed a Relative volatility index indicator by using…
Divergence Cheat Sheet with Free PDF
What is Divergence in trading? Divergence in trading refers to the deviation of price and oscillator from a path. It means price and oscillator will move in the opposite direction. The Oscillator must follow the path of price because it…
How to Identify Hidden Bullish Divergence Correctly?
What is Hidden bullish divergence Hidden bullish divergence refers to a bullish trend continuation signal in which the oscillator forms Lower lows but the price makes higher lows on the chart in trading. Price and Oscillator value both shows divergence…
Three Types of Drawdown in forex
What is drawdown in forex Drawdown in forex refers to the percentage of the amount of losing trades in a row. It is the amount that has been drawn from your account after losses in forex trading. For example, the…
What is Descending Triangle Pattern?
Descending Triangle Pattern The descending triangle refers to a reversal/continuation chart pattern in which price forms a pattern that resembles the shape of a triangle. Reversal and continuation depend on the location of descending chart pattern. If it forms in…