Charting & Price Action Archives - ForexCracked
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Breakout

When price moves decisively beyond a support, resistance, or chart pattern boundary — signals new trend or continuation.

Candlestick

A price chart symbol showing open, high, low, and close for a single period — the dominant chart type in...

Doji

A candle where open and close are nearly equal — signals indecision and possible reversal.

Double Bottom

A bullish reversal pattern formed by two consecutive lows at roughly the same price level.

Double Top

A bearish reversal pattern formed by two consecutive highs at roughly the same price level.

Engulfing Pattern

A two-candle reversal where the second candle's body completely engulfs the first — strong shift in momentum.

False Breakout

When price breaks a level only to immediately reverse back into the range — often a stop-hunt before the real...

Fibonacci Extension

Projection levels (127.2%, 161.8%, 200%, 261.8%) used to estimate take-profit targets beyond the original swing.

Fibonacci Retracement

Horizontal levels (23.6%, 38.2%, 50%, 61.8%, 78.6%) drawn from a swing low to swing high to identify likely pullback zones.

Flag Pattern

A short, sloped consolidation against the trend after a strong impulse — a continuation pattern.

Hammer

A candle with a small body at the top and a long lower wick — bullish reversal at the bottom...

Head and Shoulders

A three-peak reversal pattern: a high (left shoulder), a higher high (head), a lower high (right shoulder) — bearish signal.

Inside Bar

A candle whose entire range (high to low) sits inside the previous candle's range — signals consolidation before a breakout.

Pin Bar

A candle with a small body and a long single wick — signals rejection of a price level.

Pullback

A short-term counter-trend move within a larger trend — gives traders an opportunity to enter at better prices.

Reversal

A change in primary trend direction — distinct from a pullback (which is a temporary counter-move).

Shooting Star

A candle with a small body at the bottom and a long upper wick — bearish reversal at the top...

Support

A price level where buyers historically step in and stop further declines.

Trendline

A diagonal line connecting successive higher lows (uptrend) or lower highs (downtrend) — dynamic support/resistance.

Triangle Pattern

A consolidation pattern where price converges between two trendlines — symmetrical, ascending, or descending.

Wedge Pattern

A converging pattern that slopes either with or against the trend — rising wedge is bearish, falling wedge is bullish.