What is the bulls and bears power indicator?
The Bulls and Bears Power indicator was developed by the well-known technical analyst Alexander Elder and is described in his book, Trading for a Living. Although the concept may at first seem slightly complicated, it is actually very simple and uses just the price and an exponential moving average. Let’s study the two components:
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Once you are good at identifying trend lines, support, and resistance levels, you can start to learn about the various Chart ‘Patterns’. There are several well-known reversal and continuation Chart Patterns, here are some of them.
Candlestick charts are many traders’ favourite way of looking at price movements of a share or commodity. Let’s take a closer look and see how to identify different types of candlestick patterns.
The Relative Strength Index (RSI) is an extremely popular momentum indicator, perhaps the most well-known one by J. Welles Wilder. RSI provides various signals about trends and trend direction changes.
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Different Types of Chart Patterns and How to Read Them
Once you are good at identifying trend lines, support, and resistance levels, you can start to learn about the various Chart ‘Patterns’. There are several well-known reversal and continuation Chart Patterns, here are some of them.
How to Identify Different Types of Candlestick Patterns?
Candlestick charts are many traders’ favourite way of looking at price movements of a share or commodity. Let’s take a closer look and see how to identify different types of candlestick patterns.