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Financial Year 2017-18
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Wedge Chart Pattern
For a Wedge pattern pullback, the two lines converge. A bullish Wedge chart pattern takes place in an upwards trend, and the lines slope down. It is also known as a Falling Wedge. A bearish Wedge chart pattern is found in a downwards trend, and the lines slope up....
HEAD & SHOULDERS PATTERN
The bullish pattern has three swing lows. The middle swing low is the lowest. The line connecting the two swing highs is the neckline. The bearish pattern has three swing highs. The middle swing high is the highest. The line connecting the two swing lows is the...
ISLAND REVERSAL
An Island Reversal is a piece of price action that is completely broken off from the rest of the chart. It has a gap before it (Exhaustion Gap) and a gap after it (Breakaway Gap). A bullish Island Reversal starts with a down gap in a bear trend. After a period of...
