Tag: price action

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28 Apr 2017

Harmonic Patterns: What is an AB=CD Formation?

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Updated November 2020 All financial markets create trends and identifiable patterns. At first glance, harmonic configurations may seem puzzling, even mysterious. Harmonic patterns, however, are established through clear price structure and Fibonacci measurements. The concept of harmonics, according to research, were first introduced by H.M. Gartley in his book Profits in the Stock Market, originally … Continue reading Harmonic Patterns: What is an AB=CD Formation?

07 Mar 2017

Price Action: A Beginner’s Guide

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Viewing a chart for the first time is generally both hypnotic and perplexing. Price action, or ‘PA’, is a term employed to note the movement, or ‘action’, of price on a chart for a given market. A chart, for those new to trading, is simply a graphical representation of historical price movement over a selected … Continue reading Price Action: A Beginner’s Guide

03 Mar 2017

Identifying Support and Resistance in the Foreign Exchange Market

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Markets move in the path of least resistance Two of the most widely discussed concepts in the field of technical analysis are support and resistance levels. Without understanding these critical components, trading is generally a frustrating endeavour. At first glance, the concept behind support and resistance makes sense, some would even say simple. However, you’ll … Continue reading Identifying Support and Resistance in the Foreign Exchange Market