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.

 3 black crows

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.

3 white soldiers

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.

Trailing Stop: A stop-loss level set above or below the current price that adjusts as the price fluctuates.  Indicators such as the Parabolic SAR or moving averages can be used to set trailing stops.

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 bottom

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.

Triple top

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

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