Technical Analysis & Chart Patterns
6 terms
Bar Chart
Technical Analysis & Chart Patterns
qualitative
A chart showing each period as a vertical line spanning high to low, with left and right ticks marking the open and close.
Test: each period is one vertical line from Low to High, with the open marked left and the close marked right
Bearish Engulfing
Technical Analysis & Chart Patterns
qualitative
A two-candle formation in which a falling candle's body completely covers the preceding rising candle's body.
Test: previous Close > previous Open; current Open >= previous Close and current Close <= previous Open
Breakdown
Technical Analysis & Chart Patterns
qualitative
A move of price below a defined support level or the lower boundary of a range.
Test: price closes below the defined level, conventionally by a stated margin or on above-average volume
Breakout
Technical Analysis & Chart Patterns
qualitative
A move of price above a defined resistance level or the upper boundary of a range.
Test: price closes above the defined level, conventionally by a stated margin or on above-average volume
Broadening Formation
Technical Analysis & Chart Patterns
qualitative
A pattern of successively higher highs and lower lows, so the range widens over time.
Test: each swing high exceeds the previous high and each swing low falls below the previous low
Bullish Engulfing
Technical Analysis & Chart Patterns
qualitative
A two-candle formation in which a rising candle's body completely covers the preceding falling candle's body.
Test: previous Close < previous Open; current Open <= previous Close and current Close >= previous Open