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

Falling Wedge

Pattern Description:

The falling wedge is a bullish pattern consisting of lower highs and lower lows of diminishing magnitude. The pattern is confirmed when the falling resistance line is broken, which should be accompanied by a rise in volume. The pattern may falter if volume remains low at the breakout point.
Falling Wedge

Featured Video

Anne Marie's Target Rich Trades

The Target Rich Trade system is a swing trading methodology created by Anne Marie Baiynd. This add-on uses Stochastics Momentum Index as well as a proprietary blend of indicators to give you simplified entries and exits on a chart.

Featured Article

Could A 'Transaction Tax' Be A Good Thing?

by Lance Roberts
Summary Over the years, I've heard from several clients who have had trouble disciplining themselves from trading too frequently. Free trading may save you money on trading costs, but if it causes you to trade rashly, your returns may suffer. As a fiscal conservative, I'm not too fond of taxes of any sort. I am a firm believer in "free markets." I recently discussed why "Free, Isn't Really Free" regarding the retail investor. While "free...

Technical Review

A Golden Cross for Devon Energy

2024-04-20 by Tim Straiton

Energy stocks currently rank among the best performers in the S&P 500 and Devon Energy is one of them. The stock closed the week at 51.8050 and is trading above the rising 200 day moving average at 47.30.

It has made a golden cross formation last week and the next important resistance lies at 62.14 which is the Fibonacci 50% retracement based on the entire range from April 2008. Further out, the next upside target comes in at 75.25 which is the Fibonacci 61.8% retracement level from the low of 6.62 based on the same range.


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.

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Site Description:

Stock, Mutual Fund, Bond and ETF Investment Research