The Piercing pattern is a two day trend reversal pattern. A Piercing pattern happens after a downtrend. Day one has a longer bearish candlestick. Second day candlestick opens below the previous day low and has a closing day price within...
Inverted Hammer
The Inverted Hammer is a single day pattern. Inverted Hammer occurs when the price of the asset being traded goes down significantly lower than the opening price and then bounces back on the same day to close near the opening price. Inverted Hammer Candlestick...
Morning Star
The Morning Star is a three day bottom reversal pattern. The Day 1 of the morning star pattern consists of a long bearish candlestick after a previous downtrend. The Day 2 candlestick gaps down, i.e candlestick opens at a lower price than the first day’s closing...
Kicking Pattern
The Kicking Pattern is a two day reversal pattern. Day two candlestick starts an opposite trend to the previous one. A Bullish Kicking Pattern happens to offer a downtrend. Day one candlestick is bearish marabozu ( with no little to no upper or lower...
Bearish Belt Hold Lines
Introduction Bullish Belt hold lines is a one day candlestick pattern. It is a single candlestick pattern that occurs during a downtrend and signifies a potential reversal or continuation of the bullish trend. What is Bullish Belt Hold Lines Candlestick pattern? A...
Bullish Harami
The Bullish Harami pattern is a two day pattern. It is made with one bullish candlesticks and a bearish candlestick. This is a potential trend reversal pattern and it is not as significant as a engulfing pattern or hammer. First day a ...
Dark Cloud Cover
The Dark Cloud Cover i s a two day pattern. It is made with one large bullish candlesticks and a large bearish candlestick. This is a trend reversal pattern which occurs on top of an uptrend. Dark Cloud Cover is also called Bearish Piercing Line. First day...
Support and Resistance
Support and Resistance is a technical analysis concept / strategy used by traders to refer to the price levels on the charts for a security. On a chart, resistance is the area around the highest point the price of a security reaches before it is pulled back i.e prices...
Market Sentiment
Market Sentiment is the overall consensus about a particular security or market in general. This can be one of Bullish, Bearish or Correction. A bullish sentiment describes a market condition when prices are on the rise or expected to grow. The phrase...