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.
Flag or Pennant
A flag or pennant is a continuation pattern which portrays a period of consolidation in the market before resumption of the original trend. They can be observed in both rising and falling markets. A rise in volume should be observed at the breakout point. If this is not the case then the move is likely to falter.
Ichimoku Cloud Charting
How to Setup and Use Ichimoku Cloud Charting in MetaStock XENITH by Nicole Elliott
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...
Dax - How much upside potential can be expected?
2024-01-24 by Timothy Straiton
The German Dax index surged over one percent today driven by positive earnings results as well as January's PMI data and its impact on the future ECB's monetary policy.
While the short term technical outlook remains bullish with higher highs and higher lows, the monthly chart displays worrying signals, in particular bearish divergence on the 14 month relative strength indicator. The 161.80 percent Fibonacci upside projection target from the 2003 lows, suggests a push towards the 17500 area before a change in the current bullish market perception makes its presence felt.
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Association Francaise des Analystes Techniques