Pivex Guides
Guides and explainers for funded traders:
challenges, risk, payouts, and market literacy.
Ascending Triangle Pattern: How to Spot It and Trade It With a Plan
Short answer: An ascending triangle is a bullish pattern that forms when price keeps testing the same resistance level while every pullback stops at a higher low. The flat top and the rising…
The Asian Trading Session: Hours, Pairs and Strategies for Traders
Short answer: the Asian trading session is the stretch of the forex market that runs from the Sydney open through the Tokyo close, roughly 22:00 to 09:00 GMT. Tokyo is the anchor, so most traders…
Average Daily Range (ADR): What It Is and How to Use It in Trading
Short answer: the average daily range is the mean distance between a market's daily high and daily low over a chosen lookback, usually 5 to 20 sessions. It is a blunt but honest volatility…
Bear Flag Pattern: How to Spot It and Trade the Breakdown
Short answer: a bear flag pattern is a bearish continuation setup built from two parts. First comes a steep, fast decline called the flagpole. Then price drifts upward or sideways in a narrow,…
Bull Pennant Pattern: How to Identify It and Trade the Breakout
Short answer: a bull pennant is a continuation pattern made of a steep rally, a brief consolidation between two converging lines, and a breakout that resumes the trend. The rally is the pole, the…
The Dark Cloud Cover Pattern: How to Identify and Trade It
Short answer: dark cloud cover is a two candle bearish candlestick pattern that forms at the top of an advance. The first candle is a solid bullish one. The second opens above its high, then sells…
Descending Triangle Pattern: How to Read It and Trade the Break
Short answer: a descending triangle is a bearish continuation pattern built from a flat support line and a falling resistance line. Sellers keep stepping in at lower highs while buyers defend the…
Displacement in Trading: How to Spot It and How to Trade It
Short answer: displacement in trading is a fast, lopsided price move made of one or more wide-bodied candles. They close near their extremes and leave a gap behind them. It shows that one side of…
What Is a Dragonfly Doji? Reading and Trading the T-Shaped Candle
Short answer: a dragonfly doji is a single candle whose open, close and high sit at almost the same price, above a long lower shadow. It looks like a capital T. Sellers drove price down during the…
Gravestone Doji: What It Signals and How to Trade It
Short answer: a gravestone doji is one candle whose open, close and low land within a few ticks of each other, under a long upper shadow. It looks like an upside-down T. Buyers lifted price well…
The Hanging Man Candlestick: What It Is and How to Trade It
Short answer: a hanging man candlestick is a single candle that prints after a rise in price. It has a small real body sitting high in its range, a lower shadow at least twice as tall as the body,…
Harami Candlestick Pattern: What It Shows and How to Trade It
Short answer: a harami candlestick is a two-bar pattern where a small candle sits entirely inside the body of the larger candle before it. The big bar shows the trend still pushing. The small bar…