Technical Analysis involves analysing historical data to present likely price behaviour. Autochartist uses patterns in market data to identify trends and market movements based on historical price action and volume.
These visual patterns on trading charts represent potential movements. Some patterns signal a continuation of a current trend, while others indicate possible trend reversals.
Autochartist identifies the most traded Technical Chart Patterns, including
Horizontal support and resistance levels are specific price levels at which a financial instrument could encounter price support or resistance, leading to price stalling or changing direction. Autochartist identifies instances when a price moves towards support or resistance and when the price breaks through these levels.
Japanese Candlestick patterns are a popular method within technical analysis used to interpret price movements in the financial markets. These patterns consist of individual “candles” representing specific periods, showing the open, close, high, and low prices during that time. Autochartist recognises and analyses various formations and candle sequences and identifies possible market movements.
Tools such as Fibonacci retracements, extensions, and levels identify potential support and resistance levels. The Fibonacci Ratio helps measure the target of a wave’s move within an Elliott Wave structure. Different waves in an Elliott Wave structure relate to one another with the Fibonacci Ratio.
Autochartist provides an extensive analytics toolset with features to take your trading to the next level. Empower your day-to-day trading decisions with an unrivalled breadth and depth of analysis driven by advanced algorithms, powerful big-data technology, and user-friendly trading tools.
