Tags Posts tagged with "Candlesticks"

Candlesticks

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The “rising three” is a chart pattern that many traders assume will lead to continuation of a bullish trend. It’s useful when trading on...

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The “falling three” is a bearish chart pattern that often ends in a correction to the downside. It forms when the chart makes a short bullish move in a bearish trend.

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A gravestone doji can be a sign that an uptrend has moved too high, too quickly. This can mean some retracement is necessary before new highs can be made.

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As a trading pattern, the preferred way to trade the evening star is when it appears in the bullish upward swings of a downward trending market.

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A morning star strategy is used for trading on short swings in a downward trending market. The pattern usually shows up where the market has reached an oversold level.

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When trading an uptrend we always want to be alert to changes in bullish sentiment even on a small scale. The dark cloud is one such pattern that we can look for as an early sign of a bearish reversal.

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A piercing line is a simple yet useful candlestick pattern to look for when trading short term up and down swings within a price channel.

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Heikin Ashi is most useful for visually identifying places where the market is trending. This makes them suited to scalpers, swing traders, and day traders.

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A bullish engulfing candlestick can be a useful buy signal. But in order to trade them we have to be able to recognize reliable patterns from the false ones.

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If you’d blindly traded the bearish engulfing candle over the past decade, you’d probably have done slightly worse than if you’d traded on a coin flip.