Support and Resistance are common terms that traders use to describe levels where price is more likely to stop moving in one direction or change direction. Support refers to levels where price might reverse and move higher or a level …
In contrast to a fundamental trader who looks to news and myriad supply/demand data as trading inputs, a technical trader gets information directly from the market itself by looking at one picture—a price chart. And, technicians operate on the assumption …
“Water shapes its course according to the nature of the ground over which it flows; the soldier works out his victory in relation to the foe whom he is facing.” Everyone is different, but certain qualities are common among …
The Federal Reserve, also referred to as the Fed, is the central banking system of the United States and is responsible for guiding U.S. monetary policy. Economic policy announcements and public statements by the Federal Reserve are among the most …