It occurs during an Uptrend; confirmation is required by the candles that follow the Pattern . – The First Candle is long and white. Whereas….
Category Archives: Trading
Bearish Three Line Strike Pattern Definition and Tactics
A bearish three line strike is a four candle continuation pattern that forms in a bearish trend. The first three candles are bearish, while the last …
Dark Cloud Cover Pattern Definition and Tactics
Dark Cloud Cover is a candlestick pattern that shows a shift in momentum to the downside following a price rise. The pattern is composed of a bearish candle that opens above but then closes below the midpoint of the prior bullish candle
The Piercing Patterns Definition and Tactics
A piercing pattern is a two-day, candlestick price pattern that marks a potential short-term reversal from a downward trend to an upward trend. The pattern includes the first day opening near the high and closing near the low with an average or larger-sized trading range
Engulfing Candlestick Definition and Tactics
A bullish engulfing pattern is a candlestick pattern that forms when a small black candlestick is followed the next day by a large white candlestick, the body of which completely overlaps or engulfs the body of the previous day’s candlestick….
Black Spinning Top Candlestick Definition and Tactics
Spinning tops are a sign of indecision in the asset because the long upper and lower shadows didn’t result in a meaningful change in price …
White Spinning Top Candlestick Definition and Tactics
Sometimes spinning tops may signal a significant trend change. A spinning top that occurs at the top of an uptrend could be a sign that bulls are ..
Shooting Star Candlestick Definition and Tactics
A shooting star is a bearish candlestick with a long upper shadow, little or no lower shadow, and a small real body near the day’s low
Hanging Man Candlestick Definition and Tactics
A hanging man is a candlestick pattern that hints at the reversal of an uptrend, and is used by investors to make trading decisions.
Hammer Candlestick Definition and Tactics
This pattern forms a hammer-shaped candlestick, in which the lower shadow is at least twice the size of the real body.
