As their names show, these indicators determine the power of the bulls and the bears to move the market up or down respectively. Bulls power is the difference between the high of the current bar and the 13-period exponential moving average,

The advanced trading strategies rely not only on chart reading and number crunching but also on the order flows analysis.

The chart patterns can provide excellent trading opportunities. They are two types - continuation and reversal. When we see a continuation pattern we can expect that the prevailing trend will continue,

One of the most popular trend reversal patterns are 1-2-3 tops and bottoms. During the formation of 1-2-3 top, the market reaches a new swing high which is marked as Point 1. Then the market corrects lower to Point 2 and rallies again.

Joe Ross has been trading and investing since his first trade at the age of 14, and is a well known Master Trader and Investor. He has survived all the up and downs of the markets because of his adaptable trading style,

The volatility of the price movement is cyclical in its nature. This means that periods of high volatility are followed by periods of lower one and vice versa. This fact makes the volatility more predictable by the price movement itself.

The Candlesticks charts were used in Japan during the XIX-th century for analysis of the rice prices. They are different form the western style bar charts.