The first candle continues the bearish trend, with the close lower than the open indicating strong selling interest while increasing bear confidence. The second candle opens lower but reverses, crossing through the opening tick in a display of bull power. This price action raises a red flag, telling bears to take profits or tighten stops because a reversal is...
A morning star is a visual pattern consisting of three candlesticks that is interpreted as a bullish sign by technical analysts. A morning star forms following a downward trend and it indicates the start of an upward climb. It is a sign of a reversal in the previous price trend. Traders watch for the formation of a morning star and then seek confirmation that a...
This pattern appears in an uptrend and warns that the trend will change. It consists of a white candlestick and a Doji with a gap up at the opening. If the Doji is in the form of an Umbrella the pattern is called “Bearish Dragonfly Doji”. In case of an Inverted Umbrella it is called “Bearish Gravestone Doji”. Here, all these patterns are subsumed under the name:...
BITSTAMP:BTCUSD The bullish engulfing pattern is a two-candle reversal pattern. The second candle completely ‘engulfs’ the real body of the first one, without regard to the length of the tail shadows. The Bullish Engulfing pattern appears in a downtrend and is a combination of one dark candle followed by a larger hollow candle. On the second day of the pattern,...
BINANCE:BTCUSDT Three black crows indicate a bearish candlestick pattern that predicts the reversal of an uptrend. Candlestick charts show the opening, high, low, and the closing price on a particular security. For stocks moving higher the candlestick is white or green. When moving lower, they are black or red.
A bearish engulfing pattern is a technical chart pattern that signals lower prices to come. The pattern consists of an up (white or green) candlestick followed by a large down (black or red) candlestick that eclipses or "engulfs" the smaller up candle
The three inside up is a bullish reversal pattern that occurs at the end of a bearish trend. It consists of three candles, with the first two candles forming an inside bar that’s followed by a bullish breakout. BITSTAMP:BTCUSD
NYSE:BA The price is generally in an established trend (bullish or bearish ) for the time horizon reprensented by the moving average period (21,50 or 200 bars)
NASDAQ:AMD When the event is bullish, we may be facing higher prices has risen out of oversold ( %K crossed below 20 then rose again ) and starting to trade higher up in the recent 14 bar high to low range (%K crossed above %D). The opposite is true for bearish event where the price has fallen out of overbought and starting to trade lower in the recent high to low range.
The Bearish Doji Star appears in an uptrend and belongs to the bearish reversal patterns group. Its occurrence should be confirmed on the following candles. BITSTAMP:BTCUSD
Bullish Engulfing is an important bottom reversal pattern. It appears after a downtrend. It's a two candlestick pattern. In this, a large white candle completely engulfs the preceding small black candle. Though it is not necessary for the white candle to engulf the shadows of the previous black candle, it should engulf the entire real body. It's an important...
OANDA:XAUUSD Engulfing\nAt the end of a given downward trend, there will most likely be a reversal pattern. To distinguish the first day, this candlestick pattern uses a small body, followed by a day where the candle body fully overtakes the body from the day before, and closes in the trend’s opposite direction. Although similar to the outside reversal chart...
The Bearish Doji Star appears in an uptrend and belongs to the bearish reversal patterns group. Its occurrence should be confirmed on the following candles. OANDA:SPX500USD This pattern is distinguished by a gap between the first candle's high and the following candle's low or between bodies of these two candles. First confirmation is when the gap is covered on...
FX:EURUSD Support occurs where a downtrend is expected to pause due to a concentration of demand. FX:EURUSD Resistance occurs where an uptrend is expected to pause temporarily, due to a concentration of supply.
NYSE:CCI The price is relatively far from it 20 bars average price.
The three outside up and three outside down describe a pair of three-candle reversal patterns that appear on candlestick charts. In either, a dark candlestick is followed by two white ones, or vice-versa. OANDA:BTCUSD
Gaps usually represent important areas of support or resistance. A Gap Up will indicate different situations based on the context in which it was formed. A Gap Up in an untrend may indicate a previous level of resistance has been broken and now forms a support level. A Gap Up in a downtrend may indicate an end to, or a reversal of , the prior downtren.Gaps provide...