by kyer | Apr 19, 2023 | Candlestick Charting
What is a Shooting Star Pattern? Shooting Stars indicate a potential price top and reversal. The formation is bearish because the price tried to rise significantly during the day, but then the sellers took over and pushed the price back down toward the open. What does...
by kyer | Apr 19, 2023 | Candlestick Charting
What is a Three White Soldiers Pattern? The Three White Soldiers pattern is a bullish candlestick pattern that is used to predict the reversal of the current downtrend. The pattern consists of three consecutive long-bodied candlesticks that open within the previous...
by kyer | Apr 19, 2023 | Candlestick Charting
What is the Three Black Crows Pattern? The Three Black Crows indicates a bearish candlestick pattern that predicts the reversal of an uptrend. It consists of three consecutive long-bodied red candlesticks that appears when bears overtake the bulls. The opposite...
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...
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