As I mentioned in a recent Charts in Play, flag formations are one of my favorite chart patterns to trade. These triangles generally represent continuation patterns or pauses in a major trend.
A bearish inverted hammer candlestick pattern on the weekly chart, coupled with a drop below last week's low, suggests increasing selling pressure. Silver peaked at a trend high of 25.00 last week.
While the markets and media were obsessed with last week's Fed nonevent, they missed a huge move in gold. In the run up to the FOMC meeting, gold was in the grips of a two-week slump. But right after ...
This week, Business Insider has been running a series of math tricks, statistical rules and trading patterns that have investors split in two: skeptics and fanatics. Today we continue with a concept ...