How to identify Tweezers top pattern

twizzers top

The tweezers top formation is considered as a bearish reversal pattern seen at the top of an uptrend, and the tweezers bottom formation is interpreted as a bullish reversal pattern seen at the bottom of a downtrend. See the example below: The tweezers top formation consists of two candlesticks: The first one is a bullish candlestick followed by a … Read more

How harami candlestick pattern work

harami candlestick pattern

The Harami candlestick Pattern (the inside bar) The Harami candlestick pattern (pregnant in Japanese) is considered as a reversal and continuation pattern, and it consists of two candlesticks: The first candle is the large candle, it is called the mother candle, followed by a smaller candle which is called the baby. For the Harami pattern to be valid, … Read more

Understand Hammer pattern and Shooting star pattern

hammer pattern

The Hammer pattern (pin bar) The Hammer candlestick pattern is created when the open high and close are roughly the same price; it is also characterized by a long lower shadow that indicates a bullish rejection from buyers and their intention to push the market higher. See the example below: The hammer is a reversal candlestick pattern when … Read more

Morning star pattern and Evening star chart pattern

morning star pattern

Morning Star pattern : When you will start different candle stick pattern then you will find this is a very power full pattern when ever you predict or find this type of pattern its success rate is very high, in this article will will tell you this pattern in details. The morning star pattern The … Read more

Doji Candlestick pattern- How to identify and use it

doji candlestick pattern

Doji candlestick pattern is one of the most important Japanese candlestick patterns, when this candlestick forms, it tells us that the market opens and closes at the same price which means that there is equality and indecision between buyers and sellers, there is no one in control of the market. See the example below: As you can see … Read more

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