Candlestick Patterns Explained

candlestick chart pattern

A Candlestick Patterns is a type of chart used in trading as a visual representation of past and current price action in specified timeframes. A candlestick consists of the body with an upper or lower wick or shadow. Candlesticks are created using the opening and closing prices along with the trading range of the candlestick period. How do you … Read more

How to Trade Using Pin Bar Like a Pro

How to Trade Using Pin Bar Like a Pro

The pin bar is a candlestick bar which is a very powerful formation if you use it correctly. You can catch significant market moves as this bar signals to take the trade from the beginning of the trend. We find these ideal pin bars when the market moves sharply and then dries the volatility or loses the strength of its trend.

Simple Ways to Use Candlestick Patterns

Candlestick Patterns

Candlestick Patterns are a type of chart that clearly represents the behavior of buyers and sellers through visual price action patterns. They are a very helpful type of chart that can be used for seeing patterns form on a chart and establish signals. Here are 3 Simple Ways To Use Candlestick Patterns In Trading can … Read more

Tweezer Top Candlestick Pattern

The tweezer top candlestick pattern is created by two or more candles with matching highs in price. A tweezer top happens when two candlesticks form back-to-back or near each other with exactly or almost the same highs

Dark Cloud Cover Candlestick Pattern

The “dark cloud cover” is a bearish reversal candlestick pattern. The dark cloud cover starts by appearing to continue an existing uptrend with a long white candle body, then the following day price opens at a new high but reverses and closes below the middle of the previous day’s bullish candle range

What is a Bearish Engulfing Candle?

Bearish Engulfing Candle

A bearish engulfing candle forms on a chart when a small body candle is inside the range of the next large down candle which can be black or red depending on chart settings. When a two candle of pattern happens near the top of an up trending chart or when a chart has an overbought technical reading like … Read more

Evening Star Pattern Explained

Evening Star Pattern

An Evening Star is a group of candlesticks that create a chart pattern used in technical analysis to signal a high probability that a current uptrend in price could reverse.

error: Content is protected !!