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Technical Market Research and Investor Coaching

Delivering technical research of the financial markets
and offering professional guidance for those who wish to improve their trading performance.

Chart Patterns

Ascending Triangle

Pattern Description:

In an ascending triangle, one trendline is drawn horizontally at a level that has historically prevented the price from heading higher, while the second trendline connects a series of increasing troughs. Traders enter into long positions when the price of the asset breaks above the top resistance. An ascending triangle is generally considered to be a continuation pattern, meaning that it is usually found amid a period of consolidation within an uptrend. Once the breakout occurs, buyers will aggressively send the price of the asset higher, usually on high volume. The most common price target is generally set to be equal to the entry price plus the vertical height of the triangle.

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Trading experts Rob Hoffman, Logan Connors, Stuart McPhee, and Vince Vora discuss why they like MetaStock and why the recommend it to other traders.

The Pin Bar Candlestick Pattern

by Tim Straiton

Pin bars belong to the most high probability reversal candlestick patterns which exist. Both bullish and bearish pin bars have a long wick and a very short body. A bullish pin bar should have opening and closing levels as close to the wick high as possible. Whether a close higher than the opening is ideal but of secondary importance. Look for the appearance of a bullish pin bar after a prolonged market decline. A pattern confirmation requires the following close to be higher than...

Platinum - Is an important market move imminent?

2025-05-21 by Tim Straiton

The current technical outlook could gradually be reflecting the fundamental market situation where the platinum market supply in 2025 is estimated to be the lowest in the last five years.

The current price of platinum is $1042.50 and trading well above the rising 40 week moving average of $966. Recent technical indications seem to suggest that this market is set to break out of its recent trendless state which is reflected in the all-time low in the weekly Bollinger bandwidth reading of 32.00.

The Gold/Platinum ratio which recently hit an all-time high of 3.56 has since declined sharply and is now trading at 3.16. The 14 week relative strength index on the Platinum/US$ chart has broken above its negative trend and currently is at 62%. Initial upside resistance is seen at $1152, which is the Fibonacci 23.6% retracement for the high based on the entire $1335 to $558 range traded since March 2020.

Disclaimer

Our opinions are not a recommendation to buy or sell a security. Your decision whether or not to open a transaction should be based on your own due diligence and not on any representation we make to you

Featured Site

The Stock Trading Reality Podcast by ClayTrader

Site Description:

It is designed to educate investors of all experience levels. We interview real traders, discuss their trading journey, and lessons they learned along th e way, both positive and negative.