Posts Tagged ‘candlestick’

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Hammer and Hanging Man Chart Patterns

In this video, you will learn about the hammer and the hanging man candlestick reversal patterns. The hammer is a single candlestick pattern found at the end of a downtrend. It consists of a candlestick with a small body with a long wick, twice the size of the actual body. The colour of the body of the candlestick does not matter. The psychology behind this pattern is that the sellers initially have the control, but then the buyers arrive, and push the prices […]

Simple Candlestick Reversal Patterns | Engulfing and Harami

In this video, you will look at two important candlestick reversal patterns, the engulfing and the harami pattern. There are two types of engulfing pattern, the bearish engulfing and the bullish engulfing pattern. The bearish engulfing is a two candlestick and a bearish reversal pattern. It occurs at the end of an uptrend, when buyers run out of steam and cannot push the price any further. The first candlestick is a bullish candlestick. It is followed by a large […]

Inverted Hammer Candlestick Explained

In this video, you will learn about the inverted hammer candlestick pattern. This is a bullish reversal and a single candlestick pattern. You can locate this pattern when a downtrend comes to an end. This pattern consists of a small body with a long upper wick. There can be a little or no lower wick. The length of the upper wick should be twice the length of the actual body. This is similar to a shooting […]

Bullish Three Outside Up — Candlestick Pattern

In this video, you will learn about the bullish three outside up candlestick pattern. This is a confirmed bullish engulfing pattern. This is a bullish reversal pattern located at the end of a downtrend. The first two candlesticks form the bullish engulfing pattern. The third candlestick forms the confirmation., which closes higher than the second one. The way to trade this pattern is to take a long position with your stop-loss below […]

Bullish Belt Hold — Candlestick Pattern

In this video, you will learn about the bullish belt hold candlestick pattern. This is a bullish reversal pattern located at the end of a downtrend. This pattern consists of single big bullish candlestick, gapping much lower on open. It has no lower shadow. The psychology behind this pattern is that the bears close their positions for profit taking due to the buying spree triggered by a single bullish candlestick, which […]

Bullish Mat Hold — Candlestick Pattern

In this video, you will learn about the bullish mat hold candlestick pattern. This is a bullish continuation pattern located insdie an uptrend. The first one is a big bullish candlestick. It is followed by a bearish candletsick with a small body, gapping higher on open. It is followed by two bearish candlesticks with small body. The fifth one is a big bullish candlestick, which closes above the range […]

Bullish Homing Pigeon — Candlestick Pattern

In this video, you will learn about the bullish homing pigeon candlestick pattern. This is a bullish reversal pattern. You can locate this pattern at the end of a downtrend. The first one is a long bearish candlestick. It is followed by another bearish candlestick with a small body. It resembles a harami pattern. The first candlestick engulfs the second candlestick. The second candlestick indicates weakness of bears and hence bears exit […]

Bullish Unique Three River Bottom

In this video, you will learn about the bullish unique three river bottom candlestick pattern. This is a bullish reversal pattern, located at the end of a downtrend. This is a three candlestick pattern. This pattern is similar to the bullish morning star pattern. The first one is a long bearish candlestick. The second candlestick is also bearish forming a homing pigeon pattern and it forms a new low. The third candlestick […]

Bullish Three Line Strike — Candlestick Pattern

In this video, you will learn about the three line strike candlestick pattern. This is a bullish continuation pattern occurring inside an uptrend. This is a four candlestick pattern. The first three candlesticks form the three white soldiers pattern. The fourth one is a big bearish candlestick, opening above the third candlestick and closes below the open price of the first candlestick. Since reversal has happened in one big candlestick, […]

Bearish Breakaway — Candlestick Pattern

In this video, you will learn about the bearish breakaway candlestick pattern. This is a bearish reversal pattern located at the end of an uptrend. The first one is a long bullish candlestick. It is then followed by a short bullish candlestick gapping higher on open. The third and the fourth are smaller candlesticks closing higher. The fifth candlestick is a bearish candlestick, which erases the limited gains made from the second to fourth candlestick, […]

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