✅It represents a pause in the trend during which prices move sideways between two parallel horizontal lines
✅The rectangle is sometimes called “trading range” or “a congestion area”
✅Bullish rectangle pattern example: #abbindia 2/
✅Example of bearish rectangle pattern 3/
The Continuation H&S Pattern:
✅The head & shoulder pattern can sometimes appear as a continuation instead of a reversal pattern.
✅Examples of this pattern: lattest b/o seen in #Amber 4/4 📢This concludes price patterns.
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Intro
The moving average is one of the most versatile & widely used of all technical indicators.
Because it can be easy to understand, quantified & tested.
Chart analysis is largely subjective.
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Because two chartists may disagree as to whether a given price pattern is a triangle or wedge
But moving average trend signals are precise & not open to debate
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✅Most technician use multidimensional approach to market analysis by tracking the movement of 3 sets of figures- price, volume & open interest
✅Here I will share analysis on volume.
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Volume & open interest as secondary indicators:
✅Price is by far the most important
✅Volume & open interest are secondary
✅Of those two, volume is the more important.
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