Technical Analysis Flashcards
1
Q
Change in polarity principle
A
Once a support or resistance line is broken through, it becomes the opposite
2
Q
Reversal patterns
A
Head and shoulders, inverse head and shoulders
3
Q
Continuation Patterns
A
Triangles, rectangles
4
Q
ROC Oscillator
A
Buy when crosses 0/100 in uptrend
Sell when crosses 0/100 in downtrend
5
Q
RSI Oscillator
A
Overbought RSI>70
Oversold RSI<30
6
Q
Sentiment Indicators
A
Do opposite of market sentiment