Category: Reversal Pattern
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Bullish Engulfing Pattern
Bullish Engulfing Pattern The Bullish Engulfing Candlestick Pattern is a bearish reversal pattern, which usually occurs at the Bottom of a down trend and it consists of a a small bearish candlestick with a small tail followed by a reversal bullish candlestick that overshadows or “engulfs” the small bearish one. The opposite of the Bullish…
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Bearish Engulfing Pattern
Bearish Engulfing Pattern The Bearish Engulfing Candlestick Pattern is a bearish reversal pattern, which usually occurs at the top of an up trend and it consists of a a small bullish candlestick with a small tail followed by a reversal candlestick that overshadows or "engulfs" the small bullish one. The opposite of the Bearish Engulfing…
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Morning Star
Morning Star Japanese Candlestick Pattern The Morning Star Pattern usually occurs at the bottom of the downtrend and is a bullish reversal pattern. The pattern has three components: Day1) Large Bearish Day: A long black candlestick. Day2) A small Bullish or Bearish candlestick that gaps below the previous day’s close. This candlestick could also be…
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Gravestone Doji
Gravestone Doji On the other hand we have the Gravestone Doji, which is a strong bearish candlestick pattern that occurs at the top of bull trend, often near the highs. The Gravestone Doji, as a typical Doji has it’s opening and closing at close to the same price. Rarely these two prices are the same…
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Doji Candlestick
Doji Candlestick A doji is a very strong candle it show a lot of indecision between the bulls and the bears. Often a Doji is sign of reversal but can also be sign of a continuation. Doji’s are normally found at the bottom of a downtrend. Doji refers to both singular and plural. The formation…
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Hammer
Hammer Bullish Reversal Pattern What is a hammer? The hammer is a bullish reversal candlestick. Most bullish reversal patterns this pattern will -occur within a downtrend or at the bottom of a trend -Often it is followed by a confirmation candle. Be aware with bullish reversal candlesticks this is a warning sign of a possible…
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Hanging Man
Hanging Man Bearish Reversal Pattern The hanging man is a bearish reversal candlestick. Most bearish reversal patterns this pattern will -occur within an uptrend or at the top of a trend -Often it is followed by a confirmation candle. Remember with bullish reversal candlesticks, these are warning sign of a possible change in trend, but…
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Shooting Star
Shooting Star Bearish Reversal Pattern What is a Shooting Star? The shooting star is a bearish reversal candlestick. Most bearish reversal patterns this pattern will -occur within an uptrend or at the top of a trend -Often it is followed by a confirmation candle. Be aware with bullish reversal candlesticks this is a warning sign…