Many foreign exchange (forex) traders learning about technical analysis and how to apply it in their currency trading strategy might wonder what is a double-top chart pattern. This bearish chart ...
When traders open a chart for the first time, they will likely see a few indicators. Yet, as traders start learning more, they believe that more indicators will help in the process. Eventually, they ...
The bullish engulfing pattern is a two-candle reversal pattern that occurs when the second candle completely overrides the first. What Is a Bullish Engulfing Pattern? A bullish engulfing pattern ...
Yarilet Perez is an experienced multimedia journalist and fact-checker with a Master of Science in Journalism. She has worked in multiple cities covering breaking news, politics, education, and more.
Candlestick patterns are a financial technical analysis method that visually represents daily price movement information on a candlestick chart. A candlestick chart, on the other hand, is a form of ...
The origins of candlestick charting can be traced to the rice futures markets of 18th-century Japan. A merchant and trader named Honma Munehisa from the town of Sakata is widely credited as the father ...
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 ...
The piercing line candlestick pattern is a bullish candlestick pattern that forms after an extended bearish trend. It can be used as an indicator to predict the resumption of the uptrend as it shows ...
The first type of triple candlestick pattern that we'll talk about is morning and evening stars. Both morning and evening stars occur during a trend and can signal a reversal in momentum. The first ...
Have you ever been lost on an unknown road because you didn’t have the proper directions or missed a turn on Google Maps? Trading without a thorough knowledge of the stock market is exactly like this.