Trend
Price movement that produces a net change in value: an uptrend shows higher highs and higher lows, a downtrend lower highs and lower lows.
Related terms
Downtrend
Price action consisting of lower lows and lower highs.
Read full definitionMomentum
A series of technical studies (such as RSI, MACD and Stochastics) that assess the rate of change in prices.
Read full definitionPullback
A moderate drop or slowdown in price after a continuous upward trend. Because pullbacks are considered a temporary pause before the trend resumes, they can offer an entry opportunity.
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Bar Chart
A chart type built from four significant points: the high and low prices, which form the vertical bar; the opening price, marked with a horizontal line to the left of the bar; and the closing price, marked with a horizontal line to the right.
Read full definitionBasing
A chart pattern showing when demand and supply of a product are almost equal, resulting in a narrow trading range and the merging of support and resistance levels.
Read full definitionBollinger Bands
A technical analysis tool consisting of a band plotted two standard deviations either side of a simple moving average, used to find support and resistance levels.
Read full definitionCandlestick Chart
A chart type used to analyse a market’s price. Unlike bar charts, candlestick charts show the market’s high, low, open and closing price within each period.
Read full definitionChartist
A trader who analyses a market’s price history to determine future price trends, using a range of analytical tools and indicators to conduct technical analysis on a price chart.
Read full definitionConsolidation
A period of range-bound activity after an extended price move, in which a market neither continues nor counters the longer-term trend.
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