Technical Analysis: The study of price action using charts, which includes volume and open interest patterns. Also called chart analysis, market analysis, and most recently, visual analysis.
Three Black Crows: A bearish reversal pattern consisting of three consecutive black bodies where each day closes near below the previous low, and opens within the body of the previous day.
Three White Soldiers: A bullish reversal pattern consisting of three consecutive white bodies, each with a higher close. Each should open within the previous body and the close should be near the high of the day.
TICK: Each individual move. An UP-TICK means the price moved up on the last trade and a DOWN-TICK means it moved down. If there is no change from the last trade, the TICK is considered neutral.
Topping: A period where the stock is “catching its breath” after a move up, characterized by a flat trading range without any noticeable trend. It is common to see a topping period after a lengthy increase of the stock price. Topping may be a sign of distribution.
Trend: Refers to the overall direction (up, down, or sideways) a stock is trading in. Trends are generally classified into major (longer than a year), intermediate (one to six months), or minor (less than a month).
Trend Lines: Straight lines drawn on a chart below reaction lows (demand line) or above reaction highs (supply line) that determine the steepness of the current trend. The breaking of a trend line usually signals a trend reversal.
Triangles: Sideways price patterns in which prices fluctuate with converging trend lines. The three types of triangles are the symmetrical, the ascending, and the descending.
Trigger Line: See Signal Line.
TRIN: See Arms Index.
Triple Bottom: A bullish reversal pattern typically associated with line and bar charts. The pattern forms with three equal lows, at least one intermittent high to mark resistance and a breakout above resistance.
Triple Top: A bearish reversal pattern typically associated with line and bar charts. The pattern forms with three prominent peaks, at least one intermittent low to mark support and break below support.
TRIX: Not just for kids 🙂 – A momentum indicator showing the percent rate-of-change of a triple exponentially smoothed moving average. Like other oscillators, TRIX oscillates around a zero line. Its triple exponential smoothing makes it an excellent filter of market noise and it functions well as a leading indicator of market trends.
Typical Price: The average of the high, low and close. Typical Price = (High + Low + Close)/3