Forex Trading

Pennants usually pop up after sharp price moves and tend to have a tighter more compact formation. When a security’s price has been falling over time, a wedge pattern can occur just as the trend makes its final downward move. The trend lines drawn above the highs and below the lows on the price chart …

Falling Wedge Pattern Descending Wedge Trading Chart Read More »

The gray horizontal dotted line corresponds to the 23.3 level. 20-25% is the signal zone, and if the indicator line exits it, you need to look for signals. In both situations, if the blue is moving upward from 25%, it’s a signal of a trend. In this guide, we will examine the ADX indicator in …

ADX Indicator: Formula, Calculation, & How to Read Read More »