Posts Tagged ‘pattern’

In this video, you will learn about the double top pattern. You can locate this pattern at the end of an uptrend, hoping for a reversal. As you can see on the chart, the price is in an uptrend. At some point, the sellers lose steam, and encounters resistance. So, the market forms the first top. So, the market pulls back to look for support. After finding support, it attempts to break the top. This support line is also […]

In this video, you will learn about the head and shoulders pattern. You can locate this pattern at the end of an uptrend, when the uptrend loses momentum. This is a pattern which is easy to spot. Initially, the price is an uptrend, as you can see on the chart. At some point, the trend loses force, and forms the left shoulder. It finds support and pushes higher to form the higher high, which is the head. Then […]

In this video, you will learn about the bullish doji star candlestick pattern. This bullish reversal pattern is located at the end of a downtrend. This is a three candlestick pattern. The first one is a long bearish candlestick. It is followed by a doji candlestick gapping lower on open. It is then followed by a bullish candlestick, closing above the midpoint of the range of the first candlestick. The doji candlestick brings indecision into […]

In this video, you will learn about the bearish doji star candlestick pattern. This is a bearish reversal pattern, located at the end of an uptrend. This is a three candlestick pattern. The first one is a bullish candlestick. It is followed by a doji candlestick. it is then followed by a bearish candlestick closing above the midpoint of the trading range of the first candlestick. It is important that the doji candlestick opens gapping […]

In this video, you will learn about the bullish abandoned baby candlestick pattern. This is a bullish reversal pattern, found at the end of a downtrend. The first candlestick in the pattern is a bearish candlestick pattern. It if followed by a doji candlestick gapping lower on open. The third one is a bullish candlestick with no overlapping shadows. The second candlestick indicates a temporary profit taking by the bears. However, the third candlestick indicates that […]

In this video, you will learn about the bullish upside tasuki gap candlestick pattern. This is a bullish continuation pattern. It is the opposite of the bearish downside tasuki gap. The first candlestick is a bullish candlestick. It is followed by a bullish candlestick gapping higher on open. It is then followed by a bearish candlestick failing to fill the gap. This is perceived as weakness from bears, bulls once again […]

In this video, you will learn about the bearish downside tasuki gap candlestick pattern. This is a bearish continuation pattern. The first candlestick is a bearish candlestick. It is followed by a bearish candlestick gapping lower on open. It is then followed by a bullish candlestick, failing to fill the gap. This indicates weakness from bulls, attracts sellers into the market, and the downtrend continues. You can trade a short position […]

In this video, you will learn about the bearish meeting lines candlestick pattern. You can locate this pattern during an uptrend. The first one is a bullish candlestick. Then it is followed by a bearish candlestick opening higher and closing at the same level as the close price of the first candlestick. This is similar to a dark cloud cover pattern. This creates a psychology of reversal in the market. Look for further confirmation using a bearish […]

In this video, you will learn about the bullish three inside up candlestick pattern. This pattern is derived when a bullish harami pattern becomes confirmed. This is a bullish reversal pattern. This is a three candlestick pattern. The first two candlestick forms the bullish harami pattern. The third candlestick gives the bullish confirmation, which closes higher than the second one. Hence, you can trade a long […]

In this video, you will learn about the bearish thrusting candlestick pattern. This is a bearish continuation pattern. However, it can also be used as a bullish reversal pattern at times. The first candlestick is a bearish candlestick. The following is a bullish candlestick, which confirms this pattern by satisfying certain conditions. The second candlestick opens below the low of the first candlestick. However, this bullish candlestick closes well below […]