by kyer | Apr 19, 2023 | Candlestick Charting
What is a Symmetrical Triangle Pattern? A period of consolidation before the price is forced to breakout or breakdown. A breakdown from the lower trend line marks the start of a bearish trend, while a breakout from the topside indicates a bullish trend. The...
by kyer | Apr 19, 2023 | Candlestick Charting
What is a Hammer Candlestick Pattern? A hammer is a candlestick pattern that occurs when an asset trades significantly lower than its opening, but rallies within the period to close near its opening price. This pattern forms a hammer-shaped candlestick, what we call a...
by kyer | Apr 19, 2023 | Candlestick Charting
What is an Inverse Hammer Pattern? The inverse hammer candle is the exact opposite of a hammer pattern and appears at the bottom of a downtrend and signals a potential bullish reversal. It indicates a buying pressure, followed by a selling pressure that was not strong...
by kyer | Apr 19, 2023 | Candlestick Charting
What is a Dark Cloud Cover Pattern? A Dark Cloud Cover is a reversal pattern where a red candle opens above the close of the prior green candle and then closes below the midpoint of the green candle. This pattern shows a shift in the momentum from the upside to the...
by kyer | Apr 19, 2023 | Candlestick Charting
What is a Morning Star Pattern? A Morning Star is a sign of hope in a market downtrend consisting of three candles: one short-bodied candle wedged between a long red and long green candle. It signals that the selling pressure of the first day is subsiding and a bull...
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