Entries by Spencer Li

Combining Price Patterns with Classical Technical Analysis & Indicators

One of the advantages of price patterns is that they are very versatile, allowing you to combine or use them in conjunction with other trading tools or methodologies. For example, if your main method of analysis is Elliot Wave theory, the continuation price patterns will help you analyse the different consolidation permutations, such as flags, […]

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Trading Price Patterns with the Trend

When looking for price patterns on your chart, it is important to take note of the context in which the patterns appear. The most important context is probably the trend. In an uptrend, you want to be looking for continuation patterns, which will give you a good opportunity to get onto the trend, whereas if […]

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Continuation Price Patterns vs. Reversal Price Patterns

There are 2 categories of price patterns, mainly continuation patterns and reversal patterns. Continuation patterns, are their name suggests, usually leads to a continuation of the prior price trend. You are likely to see them in the middle of a trend, when the price is taking a pause, and forms a consolidation to build up […]

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What are Price Chart Patterns & How do they Form?

What are Price Patterns & Chart Patterns? Price patterns, or chart patterns as some people call them, are shapes and formations formed by price movements on the price chart. By understanding the underlying psychology of how and why they form, it gives traders a deeper understanding of the intentions of various market players (buyers and […]

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Turning 35: Thank You For All the Birthday Wishes!

As I slowly edge towards my mid-life crisis (just joking!), I want to thank all my friends and family who have always been there for me as my pillar of support. With no opportunities to travel this year, i have had more time to reflect on life, and here are some of my musings: Finding […]

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