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Three White Soldiers Candlestick Chart Pattern

The three white soldiers is a very bullish chart pattern that is created with candlesticks when there are three big candles formed in a row with higher highs and higher lows in a row. This pattern needs three data points across a timeframe to signal momentum and a high probability that a market will shift in an uptrend from rangebound or a downtrend if that was the price action behavior before this pattern. 

Abandoned Baby Candlestick

The bearish abandoned baby is a three-candle pattern following an upswing in price. It is created by a big bullish up candle, followed by a gap up doji, and then a big bearish candle after a gap down in price. 

Bullish Harami Candlestick Pattern

bullish harami is a minimum two candle chart pattern that can signal a downtrend in an chart may be starting to reverse. A bullish harami is commonly formed by a small bullish candle that has a price range inside the previous bearish candle that went lower. This pattern can appear to form during a price range but it has the most meaning when it occurs during a downtrend on a chart. 

Bullish Engulfing Candlestick Signal

Bullish Engulfing

An engulfing bullish pattern is created when a bearish small black or red body candle happens on a chart and then the following candle has a large bullish white or green candlestick body that has both a higher high and a lower low.

Spinning Top Candle Pattern Explained

Spinning Top Candle Pattern

A spinning top is a single candlestick pattern that has a body in the middle of two longer wicks. A spinning top chart pattern is a signal that neither buyers or sellers have control of price action in the time frame of the candle. The spinning top candle shows that price ended up closer to … Read more

What is a Doji Candlestick?

The doji candlestick is a chart pattern in technical analysis that is usually formed from a small trading range in a time period where both the open and closing price are nearly equal. A doji candlestick usually signals indecision for a direction in a market. A doji is not very significant inside a range bound market … Read more

Bear Pennant

Chart Facts: Bear Pennant Example Here is an example of a bear pennant that formed on the Bitcoin chart during a downtrend in price. After the clear downtrend in the first half of January a bear pennant formed in the second half of January before the downtrend continued in the first week of February. Price … Read more

Identifying The Head and Shoulders Pattern

The Head and Shoulders Chart Pattern is one of the most popular and bearish patterns in technical analysis. It defines three attempts to make highs and then trend but fail, it precedes many major corrections and bear markets. Chart Facts: The below $GS chart shows a Head and Shoulders pattern that was very fast to … Read more

Top 10 Chart Patterns Every Trader Should Know

Top 10 Chart Patterns Every Trader Should Know

Chart patterns are specific price formations on a chart that predict future price movements. As technical analysis is based on the assumption that history repeats itself, popular chart patterns have shown that a specific price movement is following a particular formation of price (chart pattern) with high probability. Therefore, chart patterns are grouped into (1) continuation patterns – that signal a continuation in the underlying trend, and (2) reversal patterns – that signal reversal of the underlying trend.

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