![]() Piercing Pattern is a bullish pattern similar to the Bullish Engulfing Pattern.Morning Star is a bullish reversal pattern, usually occurring at the bottom of a downtrend.Inverted Hammer occurs mainly at the bottom of downtrends and can act as a warning of a potential reversal upward.Hammer is a bullish reversal that occurs at the bottom of downtrends.Some of them are also used to indicate potential downtrends. These candlestick patterns indicate an uptrend in prices. Windows (Gaps) is a bullish or bearish pattern that means that no price and no volume transacted hands between the gap.īullish Patterns: Betting On A Rise In Price.Tweezer Top consists of two candlesticks that are a bearish reversal pattern seen at the top of uptrends.Shooting Star is a bearish reversal created when the open, low, and close are roughly the same price.Harami is a reversal pattern that can be either bullish or bearish.Hanging Man is a bearish warning of a potential price change that occurs mainly at the top of uptrends.Evening Star is a bearish reversal pattern that occurs at the top of an uptrend.Dark Cloud Cover features a bullish pattern on day one and a bearish pattern on day two.These candlestick patterns can be used to indicate a coming downtrend in commodity or stock price. Bearish Candlestick Patterns: Betting On A Price Drop Bullish Engulfing – When new lows are rejected and bulls push prices above yesterday’s high.Ĭandlestick analysis methods can be broken down into bearish or bullish patterns.Bearish Engulfing – When new highs are rejected and the bears push prices below yesterday’s low.Candlestick Basics – If the closing price is above the opening price, then candlestick is bullish.The following guides explain the basics of candlestick analysis and how traders can apply them in action. Candlestick Chart by Albert Callisto via CC BY-SA Popular Candlestick Analysis Methods ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. Archives
December 2022
Categories |