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Dragon Pattern – Technical Analysis using Dragon Patterns

Dragon pattern is an interesting and exotic type of harmonic pattern which is also a reversal model of technical analysis in trading. It has a head followed by two feet. It is quite similar to the ‘W’ pattern or the double bottom pattern. In fact, it is a failed double...
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Divergence

Usually, traders use oscillators such as Stochastics, RSI, and CCI to find out overbought and oversold levels. But there is another way to use these oscillators. It is called divergence trading. It is basically comparing the direction of the indicator with the direction of the price. Usually, the direction of...
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Harmonic Patterns

Harmonic patterns are a type of complex patterns that you can notice in trading charts. The first of these patterns were used by H.M. Gartley. He introduced Harmonic patterns to the trading world in 1932. He developed a pattern called Gartley pattern and wrote about it in his book ‘Profits...
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Elliott Wave Theory – Technical Analysis using Elliott Waves

Elliott wave theory is one of the most powerful theories that traders all over the world use to analyze the market. Most importantly, it provides a picture of current market psychology. Ralph Nelson Elliott, an American accountant and author, came up with Elliott wave theory in the 1930s. After his...