Trading101 – Page 2

Traders know not to ‘go long’ when this classic trading pattern shows up

Investors watch trading volume and other momentum indicators alongside descending channel patterns to better gauge when to open and close trades.

Ascending channels provide a steady signal on the strength of an uptrend and the optimal levels to open positions during a pullback.

Traders analyze bearish and bullish rectangles to spot trend changes and range trade stocks and cryptocurrencies.

Crypto and stock traders view the inverse head-and-shoulders pattern as an early signal that a bullish trend reversal is in the making.

In technical analysis, traders interpret the head and shoulders formation as a strong sign that a trend reversal is in process.

Bears have pushed Bitcoin price to the lowest rungs of its current range, but savvy traders can still generate a nice profit via the Iron