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Cup and Handle   Cup and Handle: A cup and handle chart is a bullish continuation pattern in which the upward trend has paused but will continue in an upward direction once the pattern is confirmed. There are two parts to this chart pattern:     The cup     The handle The cup forms after a downtrend is followed by an uptrend and looks like a bowl or rounding bottom. The handle follows the cup formation and is formed by a generally downward/sideways movement in the Share price. A breakout from the handle’s trading range signals a continuation of the previous uptrend. How to Trade the Cup and Handle Chart Pattern The cup should resemble a bowl or rounding bottom. The perfect pattern would have equal highs on both sides of the cup, but in the real world, perfect doesn’t exist. After the high forms on the right side of the cup, there is a pullback that forms the handle. The handle accumulates before the breakout. The handle Should to be smaller than the cu...

 Pivot Point Calculations: A pivot point is a  calculations, used to determine the overall trend of the market over different time frames. The pivot point  is a simply average of Previous trading day's high and low, and the closing price. There are various Calculation method to find the Pivot Point with Resistance and Support price. Classic Pivot Point Calculation: The Classic pivot points are the most basic and Familiar type of pivots. The pivot point Shows Major support and resistance levels  of the Trading Range.First-third level resistance and support points serve as additional indicators of possible trend reversal or continuation. Pivot (P) = (H + L + C) / 3 Resistance (R1) = (2 x P) - L R2 = P + H - L R3 = H + 2 x (P - L) Support (S1) = (2 x P) - H S2 = P - H + L S3 = L - 2 x (H - P) Where H = Prev.High, L = Prev.Low, C = Prev.Close.  Woodie Pivot Calculation: Woodie's pivot points are similar to Classic pivot points, the difference being is that more weig...

  RELATIVE STRENGTH INDEX (RSI) RSI is a price following oscillator, whose value oscillates between 0-100 and calculated based on relative strength. It is a measure of momentum. An N-period relative strength is the ratio of gains in the price in last N days, divided by the losses in last N days. Calculations: RSI = (100 – (100 / (1 + RS))) RS = (14 EMA on the last 14 up bars) / (14 EMA on the last 14 down bars) RSI formula using the default 14-period When to use… Ranging Markets Set the Overbought level at 70 and Oversold at 30.     • Go long when RSI falls below the 30 level and rises back above it or on a bullish divergence where the first trough is below 30.     • Go short when RSI rises above the 70 level and falls back below it or on a bearish divergence where the first peak is above 70. Failure swings strengthen other signals. Trending Markets Only take signals in the direction of the trend.     • Go long, ...

  Bollinger Band Bollinger bands is commonly used volume indicator, created by John Bollinger, that can show you not only what direction prices are going but also how volatile the price movement is. Bollinger bands consist of two bands—an upper band and a lower band—and a moving average that are generally plotted on the price movement of a chart. Bollinger bands are typically based on a 20-period moving average. This moving average runs through the middle of the two bands. The upper band is plotted 2 standard deviations above the 20period moving average. The lower band is plotted 2 standard deviations below the 20period moving average.       Here is this Bollinger Band formula: BOLUP=MA(TP,n)+m∗σ[TP,n] BOLDN=MA(TP,n)−m∗σ[TP,n] where:BOLUP=Upper Bollinger Band BOLDN=Lower Bollinger Band MA=Moving average TP (typical price)=(High+Low+Close)÷3 n=Number of days in smoothing period (typically 20) m=Number of standard deviations (typically 2) σ[TP,n]=Standard Deviation ove...