Chart Analysis

Technical AnalysisTypes of ChartsNaked chartsRenko chartsJapanese CandlesticksTypes of CandlesticksChart PatternsWolfe WavesSupport/Resistance Lines

Technical Indicators

Ichimoku Kinko HyoPivots PointsCamarilla Pivot PointsFibonacci RetracementsThe Fractal indicatorMoving Average - MACDSSL indicatorRelative Strength Index (RSI)Stochastic OscillatorWilliams %RAccumulation / distributionBollinger BandsCommodity Channel Index (CCI)Parabolic SARDMI and ADXAverage True RangeVIX Volatility IndexForex/Oil/Gold correlationMarket cyclesVolume Spread AnalysisSupertrend indicator

Broadening wedges

Triangles Triangles Symmetrical broadening wedge Symmetrical broadening wedge
Descending wedges  WedgesBroadening wedges Broadening wedges
Flags and pennants Flags and pennants right-angled broadening wedge Right-angled broadening wedge
Head and shoulders Head and shoulders Double tops  Double (or triple)
 tops (or bottoms)
Rectangle Rectangles cup with handle  Cup with handle
Rectangle  Diamonds   

 

Descending broadening wedge

Descending broadening wedges are continuation chart patterns formed by a channel that widens and is against the trend. Forex volumes tend to increase during the formation of such a wedge.

A break through the resistance line provides a good signal to trade into a continuation of the trend with a price target equal to the height that separates the pattern's high and low.

descending broadening wedge

Ascending broadening wedge

Ascending broadening wedges are reversal chart patterns that are formed by a bullish widening channel. Here, forex trading volumes increase during the formation of the wedge.

A break through the support line provides a good sell signal, with a first price target that is equal to the chart pattern's low.

ascending broadening wedge