TECHNICAL ANALYSIS' KEYWORDS
TECHNICAL ANALYSIS' KEYWORDS
one of the best way To predict The direction of the forex market is through Technical analysis whereby an individual predict The Future price through historical price movement where various strategies and patterns (candlestick patterns Like MARUBOZU,Morning star etc) but also chart patterns like double bottom and others
During Technical analysis of the market some keywords will always be used and Therefore To simplify your understand read This article To the end
THE FOLLOWING ARE KEYWORDS IN TECHNICAL ANALYSIS
RETRACEMENT AND REVERSAL
Due the Elliot wave theory also known as WAVE PRINCIPLE it believes that Forex market tends To move in wave patterns and not in a straight line and Therefore retracements and reversal must occur during market price movement
WHAT IS RETRACEMENT?
This is the corrective wave or a partial reversal of them market which is found in the major trend having an opposite direction even though A trend doesnt change
WHAT IS REVERSAL?
this is totally change of the trend of the market from uptrend To downtrend etc and always passes The golden zone of the Fibonacci Tool
Question : what is the difference between reversal and retracement?
BREAKOUT AND PULL BACK
These are two terms Meaning opposite Things in Technical analysis and most of the strategies involve The use Of this concepts
WHAT IS BREAKOUT?
breakout is an act of a candlestick passing Through a support. Resistance or trendline indicating That there is continuation in direction of the candlestick,For example In Ranging market where There is resistance above and support below forming a horizontal channel breakout is used To determine either You will be selling or buying
WHAT IS PULLBACK?
This is an act of reversal or replacement when a candlestick meets an obstacle in its direction, for example a strong resistance or support and always according To technical analysis This tends To move one a pulled back direction
QUESTION : Distinguish Breakout and pull back
READ HERETECHNICAL KEY WORDS IN FOREX about RETEST
prepared by FradoFx
BLACKFOREX TEAM
one of the best way To predict The direction of the forex market is through Technical analysis whereby an individual predict The Future price through historical price movement where various strategies and patterns (candlestick patterns Like MARUBOZU,Morning star etc) but also chart patterns like double bottom and others
During Technical analysis of the market some keywords will always be used and Therefore To simplify your understand read This article To the end
THE FOLLOWING ARE KEYWORDS IN TECHNICAL ANALYSIS
RETRACEMENT AND REVERSAL
Due the Elliot wave theory also known as WAVE PRINCIPLE it believes that Forex market tends To move in wave patterns and not in a straight line and Therefore retracements and reversal must occur during market price movement
WHAT IS RETRACEMENT?
This is the corrective wave or a partial reversal of them market which is found in the major trend having an opposite direction even though A trend doesnt change
WHAT IS REVERSAL?
this is totally change of the trend of the market from uptrend To downtrend etc and always passes The golden zone of the Fibonacci Tool
Question : what is the difference between reversal and retracement?
BREAKOUT AND PULL BACK
These are two terms Meaning opposite Things in Technical analysis and most of the strategies involve The use Of this concepts
WHAT IS BREAKOUT?
breakout is an act of a candlestick passing Through a support. Resistance or trendline indicating That there is continuation in direction of the candlestick,For example In Ranging market where There is resistance above and support below forming a horizontal channel breakout is used To determine either You will be selling or buying
WHAT IS PULLBACK?
This is an act of reversal or replacement when a candlestick meets an obstacle in its direction, for example a strong resistance or support and always according To technical analysis This tends To move one a pulled back direction
QUESTION : Distinguish Breakout and pull back
READ HERETECHNICAL KEY WORDS IN FOREX about RETEST
prepared by FradoFx
BLACKFOREX TEAM
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