One of the most common technical tools used to track the movement of stocks or securities are the candlestick patterns. Shooting star, hammer, hanging man and inverted hammer candlestick patterns spotted after a sharp rally or decline, can be considered as the most important pattern for trend reversal. These single candlestick patterns can help you a lot to spot a … [Read more...] about Shooting Star and Inverted Hammer Candlestick Pattern explained
How to trade Spinning Top Candlestick Pattern
Spinning Top candlestick patterns provide valuable supporting information to a trading strategy. It indicates uncertainty in the market. You may get a spinning top candlestick pattern within an uptrend, downtrend and/or consolidation signifying possible reversals.Spinning tops is a form of candlestick pattern that have similarly sized upper and lower wicks that are usually … [Read more...] about How to trade Spinning Top Candlestick Pattern
Three outside up/down candlestick pattern explained
In technical analysis, candlestick patterns are a representation of the market structure. They tell us how bulls and bears interact with each other at any given time. Three outside up and three outside down is part of three-candle trend reversal patterns. As the name suggests, three candles in a specific sequence are needed to complete the pattern.Formation of three outside … [Read more...] about Three outside up/down candlestick pattern explained
Three Inside up or down candlesticks pattern
In technical analysis, candlestick patterns are considered as a representation of the market structure. They give a clear picture of price movement and how bulls and bears interact at any given time. Three inside up and three inside down candlestick pattern is a three candle trend reversal pattern. Three inside up candlestick patterns indicates a potential trend reversal found … [Read more...] about Three Inside up or down candlesticks pattern
Bullish Abandoned baby candlestick pattern
In technical analysis, candlestick patterns are a representation of the market structure. They give a clear picture of price movement and how bulls and bears interact at any given time. In this article, we will be discussing an important japanese candlestick pattern called bullish abandoned baby.Abandoned baby gets its name from the second candle of the pattern which looks … [Read more...] about Bullish Abandoned baby candlestick pattern