Stoploss.ch

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

Cup and Handle

Pattern Description:

The Cup and Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. The cup is in the shape of a "U" and the handle has a slight downward drift. The right-hand side of the pattern has low trading volume. It can be as short as seven weeks and as long as 65 weeks. As the stock comes up to test the old highs, the stock will incur selling pressure by the people who bought at or near the old high. This selling pressure will make the stock price trade sideways with a tendency towards a downtrend for four days to four weeks... then it takes off.

Two Things You Can Do To Immediately Improve Your Trading

Most traders are just a few trading secrets away from achieving total consistency, but these secrets can be the difference between success and failure in the markets. Years ago a Floor Trader was taught these very same trading elements that have enabled him to sustain his trading for the past 4 decades.

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...

Ripple - Is the period of consolidation over?

2025-01-02 by Tim Straiton

The price of ripple at the time of writing is 2.4110 and trading above the 50 day rising moving average of 1.9850 and also above the 200 day rising moving average at 0.9077. The descending triangle pattern currently defines support at 2.0050 and resistance at 2.5320.

The 14 day relative strength index suggests that current downside is limited, while the MACD - V indicator remains in the bullish sector and about to gain upside momentum. Fibonacci 61.8% upside projection target comes in at 3.51, based on the 2.9040 - 1.9230 range, while the 38.2% upside target is 3.278.

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

DailyFX

Site Description:

Forex & currency trading news. Forex trading strategies, charts, education, and currency forecasts.