Candlestick patterns are like building blocks in understanding how the stock market behaves and how prices might change. Knowing about these patterns can really help you make smarter decisions when trading.
I. Introduction to 35 Candlestick Patterns
Candlestick patterns are visual representations of price movements within a specific time frame. Each...
Hanging Man (Bullish Reversal Pattern)
----------------------------------------
The Hanging Man is a bearish candlestick pattern that appears during an uptrend. It has a small body near the top of the trading range, a short upper shadow, and a long lower shadow. It suggests a potential trend reversal, indicating that buyers may be losing control and sellers...
Hammer (Bullish Reversal Pattern)
-----------------------------------
The Hammer is a popular candlestick pattern that provides important information about the potential reversal of a downtrend. It is a single candlestick pattern characterized by a small body located at the top of the trading range with a long lower shadow (also known as the tail or wick). The...
Candlestick Components
Candlestick components refer to the various elements that make up a candlestick chart, a popular tool used in technical analysis to analyze price movements in financial markets. Each candlestick represents a specific time period, such as a day, week, or hour, and provides valuable information about the price action during that...
🔷 Bullish engulfing:
A candlestick pattern where a smaller bearish candle is followed by a larger bullish candle, indicating a potential reversal of a downtrend.
🔷 Bearish engulfing:
The opposite of a bullish engulfing pattern, where a smaller bullish candle is followed by a larger bearish candle, suggesting a potential reversal of an uptrend.
🔷Tweezer tops:...
📍What Is a Candlestick?
The formation of the candle is essentially a plot of price over a period of time. For this reason, a one minute candle is a plot of the price fluctuation during a single minute of the trading day. The actual candle is just a visual record of that price action and all of the trading executions that occurred in one minute.
[b📍Who...
Dow Theory is a foundational set of principles that underlies modern technical analysis. One of the main tenants of the theory involves trend confirmation by comparing similarities between equity indices' price behavior. Originally, the Dow Transportation Index was used to confirm trend direction in the Dow Industrial Index. Now things are a bit more complicated,...
Hello everyone 😃
In this article we present Most useful bearish reversal patterns of candlesticks and How to trade with them. ( Sorry for my irregular chart 🤦♂️ I'm not good in drawing 😁 )
📊 What is Candlestick charts ?
Candlestick charts are a type of financial chart for tracking the movement of securities. They have their origins in the centuries-old...
