Stock candlestick patterns provide valuable insights into a stock’s supply and demand dynamics, giving traders and investors a bird's-eye view of current market sentiment. Some traders may use ...
What is a Japanese Candlestick? A Japanese candlestick chart displays a security's opening, closing, high and low prices for a given period. The central part of the candlestick, or the body, ...
Candlestick reversal patterns are some of the most exciting patterns to trade. In fact, they’ve proven to come with a high level of predictability. Patterns like the Three Line Strike and Three Black ...
Technical traders are confronted with many choices when it comes to charting. More often than not Forex charts are defaulted with candlestick charts which differ greatly from the more traditional bar ...
A candlestick pattern is a movement in prices shown graphically on a financial chart that some believe can predict a particular market movement. The recognition of the pattern is subjective and ...
The first type of triple candlestick pattern that we'll talk about is morning and evening stars. Both morning and evening stars occur during a trend and can signal a reversal in momentum. The first ...
Gordon Scott has been an active investor and technical analyst or 20+ years. He is a Chartered Market Technician (CMT). A piercing pattern is a two-day candlestick pattern that signals a potential ...