Analyzing Market Psychology Through Candlestick Charts: Candlestick Charts are a visual representation of how a stock, ETF, or other security has performed during a specific time period. Each candle on the chart efficiently displays the open, close, low, and high for that particular time period. The price range between the open and close forms what is known as the "real body" of the candle. This part of the candle is color-coded to show whether the asset closed higher or lower than the … [Read more...]

Performing Technical Analysis With Moving Averages: Moving Averages (MA) are some of the most widely used technical indicators in both trading and investing. In essence, they help smooth out price action by filtering the impact of rapid, short-term price fluctuations that can be difficult to decipher. As a result, market participants use them to pinpoint support & resistance levels and identify bullish or bearish trends, among other uses. Keep in mind, however, that moving averages lag … [Read more...]