dishabhatia_db

dishabhatia_db

The head and shoulders chart is said to depict a bullish-to-bearish trend reversal and signals that an upward trend is nearing its end. Investors consider it to be one of the most reliable trend reversal patterns. Left shoulder: Price rise followed by a price peak, followed by a decline. Head: Price rise again forming a higher peak. Right shoulder: A decline...

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Uptrend: This describes when the price of a stock is moving upward or getting higher. An uptrend is characterized by the chart’s peaks and troughs reaching new highs as the trend progresses. So, if you look at the chart over time, it may be zigzagging, but it’s generally going up. Downtrend: As you probably already guessed, a downtrend is the opposite of an...

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Support is a price point below the current market price that indicate buying interest. Resistance is a price point above the current market price that indicate selling interest.