goldpattern (25)in #forceindex • 4 years agoIdentifying CorrectionsThe Force Index can be used in conjunction with a trend following indicator to identify short-term corrections within…goldpattern (25)in #trend • 4 years agoTrend ConfirmationOBV can be used to confirm a price trend, upside breakout or downside break. The chart for Best Buy (BBY) shows three…goldpattern (25)in #index • 4 years agoRelative Strength IndexRSI is a versatile momentum oscillator that has stood the test of time. Despite changes in volatility and the markets…goldpattern (25)in #stochastic • 4 years agoStochasticWhile momentum oscillators are best suited for trading ranges, they can also be used with securities that trend…goldpattern (25)in #trend • 4 years agoTrend StrengthDirectional movement can also be important when analyzing the slope. A negative and rising slope shows improvement…goldpattern (25)in #divergence • 4 years agoDivergences and FailuresFailure swings and divergences can be combined to create more robust signals. A bullish failure swing occurs when MFI…goldpattern (25)in #forex • 4 years agoOverbought/OversoldMeasuring overbought and oversold conditions can be tricky with Price Channels. Securities can become overbought and…goldpattern (25)in #forex • 4 years agoConsolidation PeriodThe Aroon indicators signal a consolidation when both are below 50 and/or both are moving lower with parallel lines.…goldpattern (25)in #signal • 4 years agoElliott Wave CountsThe ZigZag feature can be used to filter out small moves and make Elliott Wave counts more straightforward. The chart…goldpattern (25)in #gold • 4 years agoPivot PointsPivot Points offer chartists a methodology to determine price direction and then set support and resistance levels.…