Trend Following Strategies:
Moving Averages: Identify market trends by plotting the average price over a specific time period.
Exponential Moving Averages (EMAs): Similar to moving averages, but with more emphasis placed on recent data.
Trendlines: Draw lines connecting price highs or lows to identify trend direction.
MACD (Moving Average Convergence Divergence): Determines the relationship between two moving averages to identify trend strength and direction.
Momentum Strategies:
Relative Strength Index (RSI): Measures the momentum of price movements over a set timeframe.
Stochastics Oscillator: Compares the current closing price to a range of prices over a specific period.
Commodity Channel Index (CCI): Indicates the trend strength and direction based on a deviation from the moving average.
Support and Resistance Strategies:
Support Lines: Price levels where the price tends to rebound.
Resistance Lines: Price levels where the price tends to decline.
Horizontal Levels: Key price levels based on previous highs or lows.
Fibonacci Retracements: Identify key price levels where prices may retrace or reverse after a trend.
Chart Patterns:
Double Top: A bearish pattern formed when the price fails to break through a resistance level twice.
Double Bottom: A bullish pattern formed when the price fails to break through a support level twice.
Head and Shoulders: A reversal pattern characterized by a peak, followed by two smaller peaks forming a head and shoulders.
Cup and Handle: A bullish pattern formed when the price creates a U-shaped cup, followed by a handle that breaks out to the upside.
Candlestick Patterns:
Doji: A candle with a small body and long shadows, indicating indecision.
Engulfing Patterns: Two consecutive candles where the second candle completely engulfs the first, signaling a trend reversal.
Hammer: A candle with a long shadow below the body, indicating a potential bullish reversal.
Shooting Star: A candle with a long shadow above the body, indicating a potential bearish reversal.
Combination Strategies:
Moving Averages + MACD: Use moving averages to identify the trend and MACD to confirm its strength.
RSI + Bollinger Bands: Utilize RSI to measure momentum and Bollinger Bands to identify oversold or overbought conditions.
Fibonacci Retracements + Horizontal Levels: Identify key price levels for potential support or resistance and use Fibonacci retracements to predict possible pullbacks.