Candlesticks

Candlesticks

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In major currency pairs, the shooting star is shown to be reliable at predicting the immediate period ahead, but it is less reliable in forecasting longer term changes in trend.

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A hammer is one of the more important reversal patterns. It is treated as a bullish reversal, but only when it appears under certain conditions.

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The hanging man is Japanese candlestick pattern that appears in uptrends. It can in some circumstances be a sign that a trend is about...

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The doji is a special type of candlestick pattern that can signal a changing market. We can use this pattern to try to understand the sentiment and to recognize times when the market strength is switching between buyers and sellers.

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A rising window is usually found in bullish surges where the price is rising quickly. The pattern represents a “break in the market” where...

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A falling window is a type of candlestick pattern that can appear in market selloffs. It forms where the price falls rapidly and produces...

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The marubozu certainly can be a useful trading signal owing to its simplicity and its easy interpretation.

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A bearish breakaway is a chart formation that can appear in a rising market when the price starts to pull or break away gradually...

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A bullish breakaway is a chart reversal pattern that can appear in either a bullish or bearish market. In cases it can also be profitable to trade it on the sell side, as a contrarian trade.

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A tweezer bottom is rather weak bullish reversal signal. But it can be useful when used alongside other indicators.