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.
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
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
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