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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What are bull and bear markets?
If you want to start investing in the financial markets you need to understand the meaning of the words ‘Bull’ and ‘Bear’ markets. This is because they describe the major forces at work within the market which can directly affect your portfolio.
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.