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How to Identify Shooting Star Candlestick Pattern

In this video, you will learn how to identify the shooting star candlestick pattern, and use it as a reversal signal in your trading. Shooting star is the bearish counterpart of the hammer candlestick. This candlestick consists of a long upper wick, which must be at least two times the length of the real body. This pattern becomes more reliable with a long upper wick. The body of the candlestick can be bullish or bearish. A bearish […]

How to Identify Bullish Engulfing Pattern

In this video, you will learn about how to identify the bullish engulfing pattern, and how to use it as a reversal signal. This pattern consists of two candlesticks. The first candlestick is a bearish candlestick. The second candlestick is a bullish candlestick. The body of the second candlestick completely engulfs the body of the first candlestick. The market must be in a downtrend. The second candlestick must fully engulf the first one. The long trade can be initiated […]

How to Identify Bearsih Engulfing Pattern

In this video, you will learn about how to identify the bearish engulfing pattern, and how to use it as a reversal signal. This pattern consists of two candlesticks. The first candlestick is a bullish candlestick. The second candlestick is a bearish candlestick. The body of the second candlestick completely engulfs the body of the first candlestick. The market must be in an uptrend. The second candlestick must fully engulf the first one. The short trade can be initiated […]

How to Identify the Doji Candlestick Pattern

In this video, you will learn how to identify the doji candlestick pattern. You will also learn the various types of doji, the interpretation of this pattern, and how to use the reversal signal from this pattern. The doji candlestick has no real body. The open price and the close price are the same. There are three types of doji candlestick pattern. They are long-legged doji, dragonfly doji, and gravestone doji. The long-legged […]

How to Identify a Hammer Candlestick

In this video, you will learn how to identify the hammer candlestick pattern, and use it as a reversal signal. This candlestick has a lower shadow, which is two times longer than the real body. This pattern becomes reliable for reversal, when the lower wick is longer. The market must be in a downtrend. The reversal is confirmed by the following candlestick and technical indicators. Please use a stop-loss if you are using […]

How to Identify the Morning Star Candlestick Pattern

In this video, you will learn how to identify the morning doji star candlestick pattern, and how to use it as a reversal signal. For this pattern, the first candlestick must be a long bearish candlestick. The second candle must be a doji candlestick with the open price below the close price of the first candlestick. This represents indecision in the market. The third candle is a bullish candlestick with a big body with its open […]

How to Identify an Evening Star Candlestick Pattern

In this video, you will learn how to identify the evening doji star candlestick pattern, and how to use it as a reversal signal. For this pattern, the first candlesstick must be a long bullish candlestick. The second candle must be a doji candlestick with the open price above the close price of the first candlestick. This represents indecision in the market. The third candle is a bearish candlestick with a big body with its open […]

How to Use Continuation Candlestick Patterns

Candlestick patterns are extremely popular among forex traders. Some traders also use chart patterns in short-term trading. In this video, you will look at continuation patterns. For example, consider the rising three methods pattern, which is a bullish continuation pattern. The first candle is a long bullish candlestick. Then the bears counter attack forming three bearish candlesticks and the price declines slightly. Then it is followed […]

Spinning Top — Candlestick Pattern

The spinning top is a single candlestick reversal pattern. The body of the candlestick can be bullish or bearish. It is a bullish reversal pattern, when found at the bottom of a downtrend. It is a bearish reversal pattern, when found at the top of an uptrend. It consists of a small body with long upper and lower wick. It represents indecision in the market and indicate a potential reversal. For example, look at this chart. The market makes a significant upward […]

Shooting Star — Candlestick Pattern

The shooting star is a bearish reversal pattern, which you can locate at the top of an uptrend. The body can be either bullish or bearish. When the price closes below the open price, then it becomes a more reliable reversal pattern, as bears appear to be stronger than the bulls to push price lower. The upper wick is twice the length of the real body. For example, look at this chart. At the end of the bull run, you […]

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