Learn to trade
Intro to analysis
Moving Average
A moving average is a way to visualize a trend on a trading chart. The moving average is the sum of the X previous closing prices for a given time frame divided by X.
In the case of Hummingbird Trading, the default setting for a single moving average, averages the last 20 closing prices on the time frame.
You can add a moving average to your chart by tapping once on the screen.

Second Moving Average
In order to identify entry and exit opportunities on a chart, traders will often add a second moving average, using a second trendline with additional closing prices. One of the most basic strategies is to act when the lines cross, which may indicate a reverse trend.
In the case of Hummingbird, the default setting for a second moving average is the last 50 closing prices.
You can add a second moving average to your chart by tapping a second time on the screen.

Double Bottom
The rate will possibly go up after initially going downtrend and consecutively bottoming twice on the same level. A double bottom looks a bit like a W. The longer the time frame duration, the higher the probability that a trade on this chart will be succesful.
Suggested action: Buy

Head and Shoulders
The rate will possibly plunge after initially going uptrend and forming a head-and-shoulders pattern that is made up of the higher high point in the middle of two low points sided with two lower high points, the shoulders.
Suggested action: Sell

Inverse Head and Shoulders
An inverse head-and-shoulders pattern is simply the opposite of a regular head-and-shoulders. In this case, the rate may possibly rise.
Suggested action: Buy

Rising Wedge
The rate will possibly reverse directions and go down after appearing as a rising wedge-like shape regardless of the initial trend.
Suggested action: Sell

Falling Wedge
The rate will possibly rise up after presenting a falling wedge-like shape regardless of the initial trend.
Suggested action: Sell

Bearish Rectangle
The rate will possibly break the support level and continue to go down after initially going downtrend and fluctuating between the ceiling and floor for a while.
Suggested action: Sell

Bullish Rectangle
The rate will possibly break through the ceiling and continue to move up after initially going downtrend and consolidating in a range for a while.
Suggested action: Buy

Descending Triangle
The rate will possibly bounce off the support level by the same height as the vertical height of the triangle after soaring up and consolidating for a bit.
Suggested action: Sell

Symmetrical Triangle
The rate will possibly go up after shortly consolidating confined by two converging trendlines.
Suggested action: Buy

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