The major signal for reversal patterns is a change in the trend direction. Reversal patterns are identified when an asset’s price has been trending in one direction and then begins to show signs of reversing and trending in the opposite direction. There are several types of reversal patterns, including: You… Read More »Major Signal for Reversal Patterns | Candlestick Patterns
In Technical analysis, an Inverted Hammer candlestick is a bullish reversal Pattern, which forms at the bottom of a downtrend. You can identify it by a long lower shadow and a small body at the top of the candlestick. You can’t sure about a bullish reversal when you see an… Read More »Inverted Hammer candlestick (Candle Pattern) | Reversal Patterns
The shooting star candlestick pattern is one candlestick and appears at the top of an uptrend. The Japanese named this candle pattern because it looks like a shooting star falling from the sky with the tail trailing it. This pattern indicates a bearish reversal signal. It’s a single candle pattern… Read More »Shooting star candlestick (Candle Pattern) | Reversal Patterns
The evening star pattern consists of three candlesticks. The first candle is bullish, the second candle is small and the third candle is a large bearish candle. The evening star candlestick pattern is considered as a bearish reversal pattern that usually occurs at the top of an uptrend. It is… Read More »Evening star pattern – Candlestick | Reversal Patterns
Morning star candlestick pattern formed after an obvious downtrend. It is consisting of three candlesticks that are interpreted as a bullish sign by technical analysts. Where the first candlestick is bearish, the second candle is small and the third candle is a bullish candlestick. Identify the Morning star pattern Strong… Read More »Morning star candlestick pattern | Reversal Patterns
The Harami Candlestick pattern is composed of a two-candle formation. It’s a Japanese candlestick pattern where the first candle is larger, with a Red or Green body and the second one is small inside a Red or Green candle. This pattern indicates a potential reversal or continuation of the market… Read More »Harami Candlestick pattern | Reversal Patterns
The dark cloud cover pattern is a combination of two candlesticks. Where the first day of the pattern is a long green candle at the top of the trend and the second day’s open is higher than the high of the previous. Red closes at least halfway down the previous… Read More »Dark cloud cover Pattern | Reversal Patterns
Hammer candlestick is looked a small body with a shadow at least two times greater than the body. It’s called a Hammer candle if It is found at the bottom of a downtrend, this shows possibility that the stock bottom out and will start up move. If the color of… Read More »Hammer candlestick pattern | Reversal Patterns
Doji Candle is created when the opening price and closing price are the same. It indicates the bulls and the bears are in a state of indecision. It can appear at both the top and bottom of trends. If a Doji candlestick appears at the top of a trend, Doji… Read More »DOJI Candle | Reversal candlestick patterns