The Success Academy

How to Trade the Three Rising Valleys Chart Pattern

Three rising valleys pattern showing two peaks and three valleys and a bullish breakout

Some traders may consider this pattern to be their favorite trend change pattern. Like the Three Falling Peaks pattern, the Three Rising Valleys (3RV) pattern is a breakout pattern. It is often seen in the stock market due to its simple identification, where the main part of the pattern is three valleys, each consecutive valley […]

How to Trade the Three Falling Peaks Chart Pattern

The Three Falling Peaks pattern is a particularly interesting pattern. It is studied by professional traders like Thomas Bulkowski. The pattern is a breakout pattern where the breakout is bearish. The pattern begins with an uptrend, which is followed by three peaks in price and then returns to the downside after the breakout. It also […]

Scalping Day Trading – Highly Effective Strategies

Thumbnail - Price action breaking out of consolidation with trendline, MACD indicator, and volume indicator

What is scalping and how do professional day traders profit from this strategy? Be sure to read the disclaimer at the bottom before reading this article. Scalping is a certain trading style where traders specialize in making quick trades off small price changes. It uses the concept of support and resistance heavily and can incorporate […]

How to Use The Parabolic SAR – 3 Killer Strategies

Parabolic SAR indicator with price action

The Parabolic SAR indicator helps the trader determine the direction in which the security is moving, and helps determine possible reversals in the trend. It usually is shown with circles or stars, below the price in an uptrend, and above the price in a downtrend. The Parabolic SAR, developed by J. Welles Wilder Jr., stands […]

What is Fibonacci Trading? 4 Powerful Fibonacci Tools & Strategies

Fibonacci Fan tool overlay shown with multiple colors and Fibonacci numbers around price

In the mathematical world, the Fibonacci sequence is one of the most famous and fascinating sequence of numbers. It is used for many equations, and is seen in many unexpected places like a sunflower seed pattern. The sequence is thought to be originated from Leonardo Fibonacci, an Italian man from Pisa, Italy. It actually has […]

How to Trade Divergence: Definitions, Strategies, Examples

Divergence is a widely discussed topic in the technical analysis world. It can signal potential momentum or potential reversals which is why technical analysts examine this indication extensively. Quick Notes: What is Divergence? Divergence is simply when price moves in the opposite direction of an indicator. Popular indicators that traders use when identifying and trading […]

3 Chart Patterns Every Trader Should Know

Flag pattern drawing with parts and flag part circled

Those who trade with technical analysis have identified chart patterns in the stock, usually with a candlestick chart. Technical analysts, those who study technical analysis, are able to use these chart patterns in an attempt to predict price movement. Before learning chart patterns though, the traders should understand the concept of support and resistance. What […]

How to Trade the Horn Tops and Bottoms Chart Pattern

The Horn Tops and Bottoms pattern is particularly interesting because while utilizing the same concept of support and resistance, it goes in-depth into the individual candlesticks of the pattern. The Horn pattern also utilizes the concept of a breakout to catch a reversal. The Horn pattern is a reversal pattern that has two types: The […]

How to Trade the Head and Shoulders Pattern

Head and shoulders pattern on actual chart with both shoulders and the head identified

The Head and Shoulders pattern is one of the most well-known patterns in the technical analysis world. It consists of multiple parts with multiple trading opportunities. The pattern utilizes the concept of support and resistance to identify points of reversal and breakout. This pattern is sometimes called the Head and Shoulders Reversal pattern because it […]

How to Trade the Flag Pattern in the Stock Market

Flag pattern drawing with parts and flag part circled

The Flag pattern is a stock market pattern analyzed by technical analysts, those who study technical analysis. It can be related to a corrective pattern in the topic of Elliott Waves because it moves in the opposite direction of the trend. The Flag pattern is called a “Flag” because when created, it resembles a flag. […]

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