Look at HSI and SGFREE (SiMSCI) charts that illustrate price reaction to quarterly highs and lows as support and resistance levels.
Rounding Bottom is not a commonly spotted chart pattern. We find one in the monthly chart of US 2-year Treasury Note Yield from 2009 to mid-2017. Chart pinned here for future studying reference.
There is an extended trend line on the WTI chart that has proven useful time and again. WTI traders must add! Extended trend lines have features that make them special. Features listed here and how-to-draw tips.
AUDSGD prints a high probability reversal pattern with a combination of multiple bullish features including 1) confluence of trend lines on weekly 2) W-shaped double bottom on daily chart 3) bullish expansion terminated previous week-week trend.
A well-designed CFD trading plan has all the elements that mitigate risk and impart robustness to the portfolio. Defining the time frame, selecting the trade, choosing the time to enter, and exiting the trade are the crucial elements of a trading plan.
A look at simple price action indication of change of trend: price expansion. A bearish price expansion terminates an uptrend sequence of higher highs, higher lows while a bullish price action does the opposite. Making a trade entry after such a signal ensures that we got the trend and timing correct.
3 Forex strategies. Using Fibonacci retracement to 1) identify support and resistance levels 2) know when to open and close positions AND 3) follow trends.