Technical Analysis & Chart Patterns
6 terms
Technical Analysis & Chart Patterns
Bar Chart
A chart showing each period as a vertical line spanning high to low, with left and right ticks marking the open and close.
Technical Analysis & Chart PatternsBearish Engulfing
A two-candle formation in which a falling candle's body completely covers the preceding rising candle's body.
Technical Analysis & Chart PatternsBreakdown
A move of price below a defined support level or the lower boundary of a range.
Technical Analysis & Chart PatternsBreakout
A move of price above a defined resistance level or the upper boundary of a range.
Technical Analysis & Chart PatternsBroadening Formation
A pattern of successively higher highs and lower lows, so the range widens over time.
Technical Analysis & Chart PatternsBullish Engulfing
A two-candle formation in which a rising candle's body completely covers the preceding falling candle's body.