Pivex Guides
Guides and explainers for funded traders:
challenges, risk, payouts, and market literacy.
Best Time Frame for Day Trading: Strategies for Success
Short answer: there is no single best time frame for day trading. The right chart interval depends on how long you hold positions, how much noise you can tolerate, and how liquid your instrument…
Understanding the Bid-Ask Spread: What Every Trader Should Know
Short answer: the bid ask spread is the gap between the highest price a buyer is currently willing to pay and the lowest price a seller is currently willing to accept. You buy at the ask and sell…
The Bull Flag Pattern: Identification, Trading Strategies, and Insights
Short answer: a bull flag pattern is a sharp advance followed by a shallow, orderly pullback that slopes against the move, then a continuation higher. The rally forms the flagpole, the pullback…
The Cup and Handle Pattern: A Complete Guide for Traders
Short answer: the cup and handle pattern is a bullish continuation structure made of a rounded base that resembles a cup, followed by a smaller downward drift that forms the handle. The trade is…
What Is a Doji Candle? Understanding Its Significance in Trading
Short answer: a doji candle is a bar whose open and close are the same or almost the same, leaving a body so thin it looks like a line. It shows that a period of trading ended exactly where it…
The Double Top Pattern: Identification, Trading Strategies, and Insights
Short answer: a double top pattern is two peaks at roughly the same price separated by a trough, forming after an advance. It signals that buyers failed twice at the same level, and the trade…
EMA vs SMA: A Comprehensive Comparison for Traders
Short answer on ema vs sma: both are moving averages that smooth price into a single line, and the only difference is weighting. A simple moving average treats every period in its lookback equally.…
Engulfing Candlestick Patterns: Identification, Strategies, and Insights
Short answer: an engulfing candlestick pattern is a two candle formation where the second candle's body completely covers the first candle's body in the opposite direction. A bullish engulfing…
The Falling Wedge Pattern: Identification, Trading Strategies, and Insights
Short answer: a falling wedge pattern is a chart formation where price makes lower highs and lower lows inside two downward-sloping lines that converge. Selling pressure is fading even though price…
Fibonacci Retracement: A Complete Guide to Understanding and Applying It in Trading
Short answer: fibonacci retracement is a charting tool that divides a completed price swing into horizontal levels at fixed percentages, usually drawn at 23.6 percent, 38.2 percent, the 50 percent…
The Hammer Candlestick: Identification, Significance, and Trading Strategies
Short answer: a hammer candlestick is a single bar with a small body near the top of its range and a lower shadow at least twice the body height, printed after a decline. It shows that sellers…
The Head and Shoulders Pattern: Identification, Trading Strategies, and Insights
Short answer: the head and shoulders pattern is a three-peak reversal structure where the middle peak, the head, sits higher than the two surrounding peaks, the shoulders. A line drawn under the…