by kyer | Apr 18, 2023 | Candlestick Charting
What is a Bearish Engulfing Pattern? A Bearish Engulfing Pattern is formed by 2 candlesticks. The first candle is a short green body that is completely engulfed by the second larger red candle. The Bearish Engulfing pattern appears in a uptrend and can be identified...
by kyer | Apr 18, 2023 | Candlestick Charting
What is a Doji Pattern? The Doji is a commonly found pattern that has an open and close that are virtually equal, forming a candlestick that looks like a cross. A Doji is often found at the bottom and top of trends and is considered a sign of possible reversal in the...
by kyer | Apr 18, 2023 | Candlestick Charting
What Does the Double Bottom Signal? The Double Bottom signals a trend change from bearish to bullish. Many Double Bottom reversals can form along the way up, but until the key support (neckline) is broken, a reversal cannot be confirmed. Here are the 5 key points that...
by kyer | Apr 18, 2023 | Candlestick Charting
A Double Top is a bearish reversal pattern typically found on candlestick charts. As the name implies, the double top pattern consists of two consecutive peaks that have similar heights with a minor pullback down to a neckline, support, in between the peaks. It is...
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