Reversal Patterns
Is the Bullish Engulfing Candlestick a Reliable Pattern?
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.
Bearish Engulfing Candlestick: When is it a Strong Reversal Pattern?
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.
Trend Reversals using Double Top/Bottom Chart Patterns
Trend reversals are often led by double top or double bottom chart patterns. If the reversal fails it can lead to a double top/bottom breakout.