Glossary

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T

Technical analysis: The market analysis approach that relies on the study of market actions primarily through price charts and volume or open interest as liquidity information.

 

Trend: A persistent direction that a price is expected to move in. A uptrend is generally characterised by rising peaks and troughs whereas a downtrend is characterised with declining peaks and troughs. A sideway trend or sometimes referred to as a trading range is characterised by horizontal peaks and troughs. Trends can be classified into major (longer than a year), intermediate (one to six months), minor (less than a month) and even for shorter timeframes if it serves the purpose of the analysis.

 

Trendlines: Straight lines plotted on price charts that are connected by the reaction lows in an uptrend or the rally peaks in a downtrend. The breaking of a trendline usually signals a end of the immediate trend though may or may not suggest a reversal in the major trend.

 

Triangles: Sideways price patterns in which prices would fluctuate within two converging trendlines. Triangles can be classified into three types namely the symmetrical, the ascending and the descending.

 

Triple bottom: A bullish reversal pattern similar to the head and shoulders at the bottom with three prominent troughs except the three troughs occurs at about the same level. The breaking of the reaction highs completes the pattern.

 

Triple top: A bearish reversal pattern similar to the head and shoulders at the top with three prominent peaks except the three peaks occurs at about the same level. The breaking of the reaction lows completes the pattern.

 

TRIX: A momentum indicator showing the percentage of rate of change of a triple smoothed exponentially weighted moving average of the closing price. It oscillates around a zero line where a crossover above the zero line is a buy signal whereas a crossover below the zero line is a sell signal.

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