Browsing: Candlesticks
Candlestick patterns (also known as “Japanese candlestick charts”) are the indicators that form the basis of technical analysis as we…
The opposite is true for the bullish pattern, called the ‘rising three methods’ candlestick pattern. It comprises of three short…
Three-method formation patterns are used to predict the continuation of a current trend, be it bearish or bullish. The bearish…
The spinning top candlestick pattern has a short body centred between wicks of equal length. The pattern indicates indecision in…
When a market’s open and close are almost at the same price point, the candlestick resembles a cross or plus…
The dark cloud cover candlestick pattern indicates a bearish reversal – a black cloud over the previous day’s optimism. It…
The three black crows candlestick pattern comprises of three consecutive long red candles with short or non-existent wicks. Each session…
The evening star is a three-candlestick pattern that is the equivalent of the bullish morning star. It is formed of…
A bearish engulfing pattern occurs at the end of an uptrend. The first candle has a small green body that…
The shooting star is the same shape as the inverted hammer, but is formed in an uptrend: it has a…