Technical Analysis & Chart Patterns
4 terms
Shooting Star
Technical Analysis & Chart Patterns
qualitative
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
Spinning Top
Technical Analysis & Chart Patterns
qualitative
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
Support
Technical Analysis & Chart Patterns
₹
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
Symmetrical Triangle
Technical Analysis & Chart Patterns
qualitative
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