chart formation

Chart Formation

The graphical representation on a chart of a trend in security prices. Technical analysts identify chart formations for a security and predict future price movements in part by matching current patterns with previous patterns.

chart formation

A series of graphed stock prices or other market variables that form a recognizable pattern that may be used to determine future movements of the charted variable. Chart formations are not always as clearly defined as their users would like; thus, the ability to recognize and use charted data varies among technicians. Also called formation, pattern. See also inverted formation.
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The chart formation, called a contango, indicates a well-supplied market.
Brent crude climbs past $105 a barrel
Summary: The Australian Dollar has broken key support against its US counterpart at the bottom of a Rising Wedge chart formation that we identified last week.
Australian Dollar Yields Sell Entry as Prices Break Key Support
THE chart formation around this week's tots first shows freedom- loving Pisceans who enjoy having plenty of scope for their many interests in life, and then from Friday at 1am the livewire Ariens start to arrive.
BIRTHS: What the stars say about the babies born this week; CELEBRATIONS
Prices have formed a large Rising Wedge bearish reversal chart formation, with added confirmation seen in negative divergence on the RSI oscillator.
US Dollar Carving Out Bottom Against Most Major Currencies
The Dow Jones Industrial Average looks to have broken support at the neckline of a Head and Shoulders topping chart formation, hinting a bearish reversal is ahead: Dow Jones Industrial Average (daily) The Dow is closely correlated to most of the major currency pairs, with the high-yielding and commodity-linked currencies naturally showing the strongest relationships because of their inherent connection to trends in risky assets.
US Dollar to Rise Against Forex Majors on Demand for Safety
Technical positioning is supportive, with the MSCI measure showing signs of a forming double top at the swing high from early January while crude oil is bouncing lower after a test of resistance marked by the top of Rising Wedge chart formation, a setup typically indicative of a downward reversal.
Canadian Dollar to Decline if Stock, Oil Prices Extend Losses
5034 as the pair showed a clear Bearish Engulfing candlestick pattern at the top of a Rising Wedge chart formation.
Euro / US Dollar Stalls at Key Resistance, Positions to Reverse Lower
GBPUSD is showing a clear Bearish Engulfing candlestick pattern at the top of a Rising Wedge chart formation, a setup that is itself indicative of a downward reversal.
US Dollar Positions to Rise Against the British Pound
Current positioning suggests the bears be setting up to reclaim dominance over GBPUSD price action: as we noted in an earlier update, the pair is showing a clear Bearish Engulfing candlestick pattern at the top of a Rising Wedge chart formation, a setup that is itself indicative of a downward reversal.
US Dollar Positioning Mixed Against Forex Majors
However, current positioning hints that the upswing is nearly over with GBPJPY prices putting in a Star candlestick at the upper boundary of a Rising Wedge bearish reversal chart formation.
British Pound Positioned to Reverse Lower Against Japanese Yen

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