Definitions of technical analysys
Breakdown: Current price surpassing a series of support prices and trading below it
Breakout: Current Price overcoming a series of resistance prices and trading above it
Congestion: Market in short-term and choppy price-range
Divergence: When two or more averages or indices fail to show confirming trends
Drawdown: The reduction in account equity as a result of a trade or series of trades.
Entry: A new trade (Could be "Buy" or "Sell")
Exit: Closing the trade (Could be "Sell" or "Buy to Cover")
Extension: Price levels surpassing a previous Swing in the same direction as prior swing
known as phi (f).
Fractals: Depiction of mathematical models that may be applied to identify data patterns.
Gap: Current Price Opening away (Up or Down) from the previous bar's Close.
Impulse Wave: A wave or cycle of waves that carries the current trend further in the same direction.
Long: A Buy entry
Minute Chart: The time period for the chart is [n] minutes.
Neckline: A trendline drawn along the support or resistance points of various reversal and consolidation pattern (i.e., head and shoulder, double and triple top/bottom formations)
Opening Range: The range of prices that occur during the first five minutes to first hour of trading, depending on the preference of the individual analyst.
Overbought: Market prices that have risen too steeply and too fast.
Oversold: Market prices that have declined too steeply and too fast.
Pivot: A key price level where prices change or reverse its prior direction
Range: The distance between two price points (usually High and Low)
Resistance: Prices where selling pressure accumulates
Retracement: Price reversing from an upside advance or a downside decline (within a swing)
Short: A Sell entry
Spike: A sharp rise in price in a single day or two; may be as great as 15-30%, indicating the time for an immediate sale.
Stop Loss: The risk management technique in which the trade is liquidated to halt any further decline in value.
Support: Prices where buying pressure accumulates
Swing: The distance between two key pivot points (continuous)
Target: A profit price level from a trade entry
Tick: The minimum price movement in a stock or contract.
Trendline: A line drawn that connects either a series of highs or lows in a trend.
Breakout: Current Price overcoming a series of resistance prices and trading above it
Congestion: Market in short-term and choppy price-range
Divergence: When two or more averages or indices fail to show confirming trends
Drawdown: The reduction in account equity as a result of a trade or series of trades.
Entry: A new trade (Could be "Buy" or "Sell")
Exit: Closing the trade (Could be "Sell" or "Buy to Cover")
Extension: Price levels surpassing a previous Swing in the same direction as prior swing
Fib.: Abbreviation for Fibonacci
Fibonacci Ratio: be ratio between any two successive numbers in the Fibonacci sequenceknown as phi (f).
Fractals: Depiction of mathematical models that may be applied to identify data patterns.
Gap: Current Price Opening away (Up or Down) from the previous bar's Close.
Impulse Wave: A wave or cycle of waves that carries the current trend further in the same direction.
Long: A Buy entry
Minute Chart: The time period for the chart is [n] minutes.
Neckline: A trendline drawn along the support or resistance points of various reversal and consolidation pattern (i.e., head and shoulder, double and triple top/bottom formations)
Opening Range: The range of prices that occur during the first five minutes to first hour of trading, depending on the preference of the individual analyst.
Overbought: Market prices that have risen too steeply and too fast.
Oversold: Market prices that have declined too steeply and too fast.
Pivot: A key price level where prices change or reverse its prior direction
Range: The distance between two price points (usually High and Low)
Resistance: Prices where selling pressure accumulates
Retracement: Price reversing from an upside advance or a downside decline (within a swing)
Short: A Sell entry
Spike: A sharp rise in price in a single day or two; may be as great as 15-30%, indicating the time for an immediate sale.
Stop Loss: The risk management technique in which the trade is liquidated to halt any further decline in value.
Support: Prices where buying pressure accumulates
Swing: The distance between two key pivot points (continuous)
Target: A profit price level from a trade entry
Tick: The minimum price movement in a stock or contract.
Trendline: A line drawn that connects either a series of highs or lows in a trend.
Trade Chart Patterns Like The Pros
