Candlestick pattern Candlestick patterns are an important tool in financial technical analysis. As it allows traders to interpret price-related information quickly and just from a few vertical bars. Candlestick patterns are extremely useful as they show all four price points (open, close, high, and low) over the time period the trader has specified. In these …
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TREND REVERSAL PATTERN. Appearance of this pattern indicates that the price trend in financial market is going to change and therefore it is called as a trend reversal pattern. It suggests that the market’s trend, which may have been going either up or down, is probably going to change. Technical traders can use these patterns …
Marubozu pattern This pattern has a large body and ideally doesn’t have a wick or shadow. However, a very small shadow is acceptable in natural market conditions. There are two types of Marubozu patterns; Bullish marubozu. Bullish marubozu candle has an either green or blue color In this pattern, the open price is the low …
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What is a single candlestick pattern? As the name suggests single candlestick pattern means the pattern contains only one candlestick. It’s used by traders on a one-day candlestick chart. (TECHNICAL ANALYSIS- This is basically predicting future price movement based on past prices.) This article will help you learn the structure, buying/sell signal, identification of these …
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Three outside candlestick pattern The two types of three outside candlestick patterns used in technical analysis are; Three outside up : The “Three outside up” pattern consists of three candles: It can usually be found during a bearish trend. It is a trend reversal pattern and it indicates an upside reversal. We have to take …
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