The concepts of support and resistance are based on the price of a stock normally trading within certain limits (trading range). If the price of the stock begins to “test” the limits of the trading range, it could signal important changes that may occur in the near future.
So how do we establish the trading range […]

Now that you know the basics of candlestick charting, you are ready to interpret the different types of candlesticks.
The shaven head is the candlestick that has absolutely no upper shadow and has a green (or white) real body. It looks like a new army recruit that just “shaved” his head. During the day, the price […]