Candlestick reversal patterns are some of the most exciting patterns to trade. In fact, they’ve proven to come with a high level of predictability. Patterns like the Three Line Strike and Three Black ...

6 Bearish Forex Candlestick Patterns While various chart types can be used by technical forex traders, candlestick charts are among the most popular since a variety of bullish and bearish ...

This type of candle commonly appears at the bottom of a downtrend and indicates the potential for a bullish reversal. Its name derives from its distinctive shape that resembles an upside-down hammer.

A reading above 70 suggests overbought conditions (potential reversal or pullback), while a reading below 30 suggests oversold conditions (potential buying opportunity).Application: A bullish ...

This candlestick reversal pattern is one that marks the shift in control from bulls to bears, and it’s usually followed by a price downtrend. Failing to recognize it can really rain on your parade, ...

Understanding how to read a candlestick chart can be a real asset during your investment journey. With that in mind, we'll break down the basics for you here.

For example, a Doji candlestick that forms during an uptrend could signify bullish exhaustion, i.e., more buyers moving to the sellers’ side, typically leading to a trend reversal.

Specifically, we often use bullish reversal candlesticks to help find low-risk entry points in hot new IPOs –which can run 20% or more without a pause when momentum builds.