White up/down break lines next to each other represent a three-candle continuation pattern that appears on candlestick charts.
The up version is a white candle followed by a gap up and two white candles of the same size.
The descending version is a black candle followed by a gap down and two white candles of the same size.
The pattern is a continuation pattern, that is, the price is expected to move in the direction of the trend (the first candle), following the pattern.
The pattern has moderate reliability in terms of a trend continuing after the pattern, but quite often the price movement after the pattern will be muted, indicating that this is not a very significant pattern.
A cup and handle is a technical charting pattern that resembles a cup and handle, where the cup is shaped like a “U” and the handle is slightly offset downwards.
The Dow Theory is a technical framework that predicts that a market is in an uptrend if one of its moving averages rises above a previous important high, followed or followed by a similar rise in the other moving average.
Elliott Wave Theory is a form of technical analysis that looks for recurring long-term price patterns associated with constant changes in investor sentiment and psychology.
Mean reversion in finance assumes that various phenomena of interest, such as asset prices and earnings volatility, eventually return to their long-term average levels.
Negative or inverse correlation describes when two variables tend to move in the opposite direction and magnitude relative to each other, so that when one variable increases, the other variable decreases, and vice versa.
The unique Three Rivers pattern consists of three candles in sequence: a long real body down, a hammer making a new low, and a third candle with a small up real body that stays within the hammer’s range.
Elliott Wave Theory is a form of technical analysis that looks for recurring long-term price patterns associated with constant changes in investor sentiment and psychology.
The Warden Stochastic differs from other stochastics in that it ranks closing prices by assigning a value based on the ranking of the recent close compared to the previous close.