An Evening Star is a group of candlesticks that create a chart pattern used in technical analysis to signal a high probability that a current uptrend in price could reverse. This is a bearish candlestick pattern created by three candles in a row consisting of a large white/green candlestick, a small candle that is usually […]
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A candlestick chart is a type of visual representation of price action used in technical trading to show past and current price action in specified timeframes. Most candlestick charts will reflect a higher close than the open as represented by either a green or white candle with the opening price as the bottom of the
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An engulfing bullish pattern is created when a bearish small black or red body candle happens on a chart and then the following candle has a large bullish white or green candlestick body that has both a higher high and a lower low. This pattern shows that the lows of the previous day were lost
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On a bar chart an inside bar is a single bar which is smaller than the previous one and within the range of the highest price and lowest price of the last price bar. An inside bar can be located in relation to anywhere inside the last bar, the top, the middle or at the
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The marubozu is a Japanese candlestick pattern used as a technical indicator of extreme price action inside a specific time period. The marubozu shows visually that an asset has been bought or sold with momentum in one direction with a candle and closed at either its high price or low price of the trading period.
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The hammer is the name used for a single candlestick chart pattern that is a bullish reversal signal. Its name comes from the fact that it visually looks like a hammer. As the short body of the candle is on top of a long wick (shadow). Many traders believe for it to be valid the
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A hanging man is one kind of bearish reversal candlestick pattern. The hanging man is the name of a signal candle that is located inside an uptrend of higher highs and higher lows in price on a chart. The hanging man candle has a lower wick (shadow) that is longer than the body which is
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A candlestick is a type of chart used in trading as a visual representation of past and current price action in specified timeframes. Depending on the timeframe of the chart each candlestick consists of each minute, day, week, or month trading range represented in a single candle. A candlestick consists of the ‘body’ with an
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The three white soldiers is a very bullish chart pattern that is created with candlesticks when there are three big candles formed in a row with higher highs and higher lows in a row. This pattern needs three data points across a timeframe to signal momentum and a high probability that a market will shift
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This is a Guest Post by Miad Kasravi @ZFXtrading of speculatorstrading.com. Trading with the Flow Part 1 of 3 Volume analysis Volume spread analysis or VSA. Looks at the relationship between volume traded and size of candlesticks. In it’s basic state the body size of a candle is in proportion with volume traded, in the FOREX market it is
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