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Technical Analysis & Chart Patterns

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Technical Analysis & Chart Patterns

Shooting Star

A candlestick with a small body near the bottom of its range and a long upper wick, appearing after an advance.

Test: Upper Wick is at least twice the Body, Lower Wick is minimal, and the candle follows an advance qualitative Technical Analysis & Chart Patterns

Spinning Top

A candlestick with a small body and long wicks on both sides, indicating a wide range that closed near the open.

Test: Body is a small fraction of the range, with both Upper and Wick Lower substantial and roughly comparable qualitative Technical Analysis & Chart Patterns

Support

A price level at which buying has previously been sufficient to halt a decline.

Test: price has reversed upward from approximately this level on at least two prior occasions ₹ Technical Analysis & Chart Patterns

Symmetrical Triangle

A formation with a falling upper boundary and a rising lower boundary converging at similar angles.

Test: successively lower highs and successively higher lows converging toward an apex qualitative