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•The Three Inside Down is multiple candlestick pattern which is formed after an uptrend indicating bearish reversal.
•It consists of three candlesticks, the third candlestick chart should be a long bearish candlestick confirming the bearish reversal.
•The relationship of the first and second candlestick should be of the bearish Harami candlestick pattern.
•Traders can take a short position after the completion of this candlestick pattern.
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•The Three Inside Down is multiple candlestick pattern which is formed after an uptrend indicating bearish reversal.
•It consists of three candlesticks, the third candlestick chart should be a long bearish candlestick confirming the bearish reversal.
•The relationship of the first and second candlestick should be of the bearish Harami candlestick pattern.
•Traders can take a short position after the completion of this candlestick pattern.
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•The Bearish Harami is multiple candlestick pattern which is formed after the uptrend indicating bearish reversal.
•The first bullish candle shows the continuation of the bullish trend and the second candle shows that the bears are back in the market.
•Traders can take a short position after the completion of this candlestick pattern.
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•The Bearish Harami is multiple candlestick pattern which is formed after the uptrend indicating bearish reversal.
•The first bullish candle shows the continuation of the bullish trend and the second candle shows that the bears are back in the market.
•Traders can take a short position after the completion of this candlestick pattern.
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•Shooting Star is formed at the end of the uptrend and gives bearish reversal signal.
•In this candlestick chart the real body is located at the end and there is long upper shadow. It is the inverse of the Hanging Man Candlestick pattern.
•This pattern is formed when the opening and closing prices are near to each other and the upper shadow should be more than the twice of the real body.
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•Shooting Star is formed at the end of the uptrend and gives bearish reversal signal.
•In this candlestick chart the real body is located at the end and there is long upper shadow. It is the inverse of the Hanging Man Candlestick pattern.
•This pattern is formed when the opening and closing prices are near to each other and the upper shadow should be more than the twice of the real body.
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•The Tweezer Top pattern is a bearish reversal candlestick pattern that is formed at the end of an uptrend.
•The top-most candles with almost the same high indicate the strength of the resistance and also signal that the uptrend may get reversed to form a downtrend. This bearish reversal is confirmed on the next day when the bearish candle is formed.
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•The Tweezer Top pattern is a bearish reversal candlestick pattern that is formed at the end of an uptrend.
•The top-most candles with almost the same high indicate the strength of the resistance and also signal that the uptrend may get reversed to form a downtrend. This bearish reversal is confirmed on the next day when the bearish candle is formed.
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•The Three Outside Down is multiple candlestick pattern which is formed after an uptrend indicating bearish reversal.
•It consists of three candlesticks, the first being a short bullish candle, the second candlestick being a large bearish candle which should cover the first candlestick, third candlestick should be a long bearish candlestick confirming the bearish reversal.
•Traders can take a short position after the completion of this candlestick pattern.
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•The Three Outside Down is multiple candlestick pattern which is formed after an uptrend indicating bearish reversal.
•It consists of three candlesticks, the first being a short bullish candle, the second candlestick being a large bearish candle which should cover the first candlestick, third candlestick should be a long bearish candlestick confirming the bearish reversal.
•Traders can take a short position after the completion of this candlestick pattern.
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•The bearish counterattack candlestick pattern is a bearish reversal pattern that appears during an uptrend in the market. It predicts that the current uptrend in the market will make and the new downtrend will take over the market.
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•The bearish counterattack candlestick pattern is a bearish reversal pattern that appears during an uptrend in the market. It predicts that the current uptrend in the market will make and the new downtrend will take over the market.
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•Doji candlestick pattern interprets indecision which is formed when the opening and closing prices are almost equal.
•It is formed when both the bulls and bears are fighting to control prices but nobody succeeds in gaining full control of the prices.
•The candlestick pattern looks like a cross with very small real body and long shadows.
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•Doji candlestick pattern interprets indecision which is formed when the opening and closing prices are almost equal.
•It is formed when both the bulls and bears are fighting to control prices but nobody succeeds in gaining full control of the prices.
•The candlestick pattern looks like a cross with very small real body and long shadows.
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•The spinning top candlestick pattern is same as the Doji indicating indecision in the market.
•The only difference between spinning top and doji is in their formation, the real body of the spinning is larger as compared to Doji.
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•The spinning top candlestick pattern is same as the Doji indicating indecision in the market.
•The only difference between spinning top and doji is in their formation, the real body of the spinning is larger as compared to Doji.
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•The “falling three methods” is a bearish, five candle continuation pattern which signals an interruption, but not a reversal, of the ongoing downtrend.
•The candlestick pattern is made of two long candlestick charts in the direction of the trend i.e downtrend at the beginning and end, with three shorter counter-trend candlesticks in the middle.
•The candlestick pattern is important as it shows traders that the bulls still do not have enough power to reverse the trend.
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•The “falling three methods” is a bearish, five candle continuation pattern which signals an interruption, but not a reversal, of the ongoing downtrend.
•The candlestick pattern is made of two long candlestick charts in the direction of the trend i.e downtrend at the beginning and end, with three shorter counter-trend candlesticks in the middle.
•The candlestick pattern is important as it shows traders that the bulls still do not have enough power to reverse the trend.
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•The “rising three methods” is a bullish, five candle continuation pattern which signals an interruption, but not a reversal, of the ongoing uptrend.
•The candlestick pattern is made of two long candlesticks in the direction of the trend i.e uptrend in this case. at the beginning and end, with three shorter counter-trend candlesticks in the middle.
•The candlestick pattern is important as it shows traders that the bears still do not have enough power to reverse the trend.
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•The “rising three methods” is a bullish, five candle continuation pattern which signals an interruption, but not a reversal, of the ongoing uptrend.
•The candlestick pattern is made of two long candlesticks in the direction of the trend i.e uptrend in this case. at the beginning and end, with three shorter counter-trend candlesticks in the middle.
•The candlestick pattern is important as it shows traders that the bears still do not have enough power to reverse the trend.
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•The “rising three methods” is a bullish, five candle continuation pattern which signals an interruption, but not a reversal, of the ongoing uptrend.
•The candlestick pattern is made of two long candlesticks in the direction of the trend i.e uptrend in this case. at the beginning and end, with three shorter counter-trend candlesticks in the middle.
•The candlestick pattern is important as it shows traders that the bears still do not have enough power to reverse the trend.
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•The “rising three methods” is a bullish, five candle continuation pattern which signals an interruption, but not a reversal, of the ongoing uptrend.
•The candlestick pattern is made of two long candlesticks in the direction of the trend i.e uptrend in this case. at the beginning and end, with three shorter counter-trend candlesticks in the middle.
•The candlestick pattern is important as it shows traders that the bears still do not have enough power to reverse the trend.
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•It is a bullish continuation candlestick pattern which is formed in an ongoing uptrend.
•This candlestick pattern consists of three candles, the first candlestick is a long-bodied bullish candlestick, and the second candlestick is also a bullish candlestick chart formed after a gap up.
•The third candlestick is a bearish candle that closes in the gap formed between these first two bullish candles.
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•It is a bullish continuation candlestick pattern which is formed in an ongoing uptrend.
•This candlestick pattern consists of three candles, the first candlestick is a long-bodied bullish candlestick, and the second candlestick is also a bullish candlestick chart formed after a gap up.
•The third candlestick is a bearish candle that closes in the gap formed between these first two bullish candles.
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•It is a bearish continuation candlestick pattern which is formed in an ongoing downtrend.
•This candlestick pattern consists of three candles, the first candlestick is a long-bodied bearish candlestick, and the second candlestick is also a bearish candlestick formed after a gap down.
•The third candlestick is a bullish candle that closes in the gap formed between these first two bearish candles.
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•It is a bearish continuation candlestick pattern which is formed in an ongoing downtrend.
•This candlestick pattern consists of three candles, the first candlestick is a long-bodied bearish candlestick, and the second candlestick is also a bearish candlestick formed after a gap down.
•The third candlestick is a bullish candle that closes in the gap formed between these first two bearish candles.
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•A mat hold pattern is a candlestick formation indicating the continuation of a prior trend.
•There can be either bearish or bullish mat hold patterns. A bullish pattern begins with a large bullish candle followed by a gap higher and three smaller candles which move lower.
•These candles must stay above the low of the first candle. The fifth candle is a large candle that moves to the upside again. The pattern occurs within an overall uptrend.
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•A mat hold pattern is a candlestick formation indicating the continuation of a prior trend.
•There can be either bearish or bullish mat hold patterns. A bullish pattern begins with a large bullish candle followed by a gap higher and three smaller candles which move lower.
•These candles must stay above the low of the first candle. The fifth candle is a large candle that moves to the upside again. The pattern occurs within an overall uptrend.
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•The rising window is a candlestick pattern consisting of two bullish candlesticks with a gap between them. The gap is a space between the high and low of two candlesticks that occurs due to high trading volatility. It is a trend continuation candlestick pattern indicating strong strength of buyers in the market.
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•The rising window is a candlestick pattern consisting of two bullish candlesticks with a gap between them. The gap is a space between the high and low of two candlesticks that occurs due to high trading volatility. It is a trend continuation candlestick pattern indicating strong strength of buyers in the market.
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•The falling window is a candlestick pattern that consists of two bearish candlesticks with a gap between them. The gap is a space between the high and low of two candlesticks. it occurs due to high trading volatility. It is a trend continuation candlestick pattern and it is an indication of the strong strength of sellers in the market.
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•The falling window is a candlestick pattern that consists of two bearish candlesticks with a gap between them. The gap is a space between the high and low of two candlesticks. it occurs due to high trading volatility. It is a trend continuation candlestick pattern and it is an indication of the strong strength of sellers in the market.
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•The high wave candlestick pattern is an indecision pattern that shows the market is neither bullish nor bearish. It mostly occurs at support and resistance levels. This is where bears and bulls battle each other in the effort of trying to push the price in a given direction. Candlesticks depict the pattern with long lower shadows and long upper wicks. Likewise, they have small bodies. The long wicks signal there was a large amount of price movement during the given period. However, the price ultimately ended up closing near the opening price.
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•The high wave candlestick pattern is an indecision pattern that shows the market is neither bullish nor bearish. It mostly occurs at support and resistance levels. This is where bears and bulls battle each other in the effort of trying to push the price in a given direction. Candlesticks depict the pattern with long lower shadows and long upper wicks. Likewise, they have small bodies. The long wicks signal there was a large amount of price movement during the given period. However, the price ultimately ended up closing near the opening price.
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INTRODUCTION TO CHART PATTERNS
•A chart pattern is a graphical presentation of price movement by using a series of trend lines, curves or shapes.
•Chart patterns can be described as a natural phenomenon of fluctuations in the price of a financial asset that is caused by a number of factors, including human behavior.
•Chart patterns are the foundation of technical analysis. In technical analysis, chart patterns are used to find trends in the movement of an asset’s price.
•A trader armed with the knowledge required to recognize patterns, along with the skill to apply them to their decision-making process can increase their odds of anticipating where the price will move next. The skill required to interpret the chart patterns correctly takes practice and commitment to acquire.
•There are many different chart patterns that are used in technical analysis.
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INTRODUCTION TO CHART PATTERNS
•A chart pattern is a graphical presentation of price movement by using a series of trend lines, curves or shapes.
•Chart patterns can be described as a natural phenomenon of fluctuations in the price of a financial asset that is caused by a number of factors, including human behavior.
•Chart patterns are the foundation of technical analysis. In technical analysis, chart patterns are used to find trends in the movement of an asset’s price.
•A trader armed with the knowledge required to recognize patterns, along with the skill to apply them to their decision-making process can increase their odds of anticipating where the price will move next. The skill required to interpret the chart patterns correctly takes practice and commitment to acquire.
•There are many different chart patterns that are used in technical analysis.
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(Bullish Symmetrical Triangle Pattern)
•A bullish symmetrical triangle is a bullish continuation chart pattern, the movement preceding the triangle’s formation must be bullish & the prices should breakout from the upper trend line.
•The bullish symmetrical triangle should be formed in an ongoing uptrend
•The stop loss shall be placed right before the breakout point in a symmetrical triangle chart pattern.
•The price target is equal to the distance from the high and low of the earliest part of the pattern applied to the breakout price point.
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(Bullish Symmetrical Triangle Pattern)
•A bullish symmetrical triangle is a bullish continuation chart pattern, the movement preceding the triangle’s formation must be bullish & the prices should breakout from the upper trend line.
•The bullish symmetrical triangle should be formed in an ongoing uptrend
•The stop loss shall be placed right before the breakout point in a symmetrical triangle chart pattern.
•The price target is equal to the distance from the high and low of the earliest part of the pattern applied to the breakout price point.
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(Bearish Symmetrical Triangle Pattern)
•The bearish symmetrical triangle should be formed in an ongoing downtrend and the prices should breakout from the lower trend line.
•For the symmetrical triangle to be called "bearish", the movement preceding the triangle’s formation must be bearish.
•A trader can enter upon breakdown of bearish symmetrical triangle pattern whereas SL & TP strategy shall be decided by trader upon RRR(Risk Reward Ratio).
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(Bearish Symmetrical Triangle Pattern)
•The bearish symmetrical triangle should be formed in an ongoing downtrend and the prices should breakout from the lower trend line.
•For the symmetrical triangle to be called "bearish", the movement preceding the triangle’s formation must be bearish.
•A trader can enter upon breakdown of bearish symmetrical triangle pattern whereas SL & TP strategy shall be decided by trader upon RRR(Risk Reward Ratio).
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