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Glossary — T
Take Profit
A predetermined price level at which a trader exits a winning position to lock in gains. Multiple take-profit targets allow scaling out of positions.
Three Black Crows
A bearish three-candle pattern consisting of three consecutive long-bodied bearish candles, each opening within the prior candle's body and closing progressively lower. Signals strong selling conviction.
Three Line Strike
A four-candle pattern where three candles in the same direction are followed by a single large opposite candle that engulfs all three. Can be bullish or bearish depending on context.
Three White Soldiers
A bullish three-candle pattern consisting of three consecutive long-bodied bullish candles, each opening within the prior candle's body and closing progressively higher. Signals strong buying conviction.
Tilt
An emotional state of frustration or anger that impairs trading judgment, typically following a series of losses or a single large loss. Borrowed from poker terminology. Results in impulsive, unplanned trades.
Time Frame
The duration of each candlestick or bar on a chart. Common time frames include 1-minute, 5-minute, 15-minute, 1-hour, 4-hour, daily, weekly, and monthly. Longer time frames produce more reliable signals.
Trailing Stop
A stop loss that automatically adjusts upward (for longs) or downward (for shorts) as price moves in your favor, locking in profits while allowing the trade to continue running.
Trend
The overall direction of price movement. An uptrend makes higher highs and higher lows; a downtrend makes lower highs and lower lows. Most patterns work best when aligned with the trend.
Trendline
A straight line connecting two or more price points (swing lows in uptrends, swing highs in downtrends) that acts as dynamic support or resistance. The more touches, the more significant the trendline.
Triple Bottom
A bullish reversal chart pattern where price tests a support level three times, forming three roughly equal lows. Confirmed when price breaks above the resistance connecting the intervening peaks.
Triple Top
A bearish reversal chart pattern where price tests a resistance level three times, forming three roughly equal highs. Confirmed when price breaks below the support connecting the intervening troughs.
Tweezer Pattern
A two-candle reversal pattern where consecutive candles share the same high (tweezer top) or the same low (tweezer bottom). The matching extremes indicate a strong level where price is being rejected.
Trading Psychology
The emotional and mental aspects of trading that affect decision-making. Key challenges include fear, greed, FOMO, revenge trading, overconfidence, and analysis paralysis.
Thrusting Pattern
A bearish two-candle continuation pattern where a bullish candle closes above the low but below the midpoint of the prior bearish candle. Slightly more bullish than on-neck but still considered bearish continuation.
Tri Star
A rare three-doji reversal pattern where three consecutive doji candles appear, with the middle doji gapping away from the others. Signals extreme indecision and a likely reversal.
Two Crows
A bearish three-candle pattern: a bullish candle, a small bearish candle that gaps up, then a larger bearish candle that opens within the second candle and closes into the first. Signals uptrend weakness.
Trading Plan
A comprehensive document outlining a trader's strategy, including entry/exit rules, risk management, market selection, time frames, and position sizing. Successful traders always trade from a written plan.