Double top
Two highs at a similar level with a dip between. A break below the dip suggests a reversal lower.
Related terms
Double bottom
Two lows at a similar level with a rally between. A break above…
Resistance
A price area where selling has previously stopped a rally. Once…
Head and shoulders
A reversal pattern of three peaks with the middle one highest. The…
Candlestick
A chart bar showing the open, high, low and close for a period.…
Doji
A candle whose open and close are almost equal, showing indecision.
Engulfing pattern
A candle whose body completely covers the previous candle’s body…