Cryptocurrency
Hammer
Hammer
In forex trading, the term “Hammer” refers to a candlestick pattern used in technical analysis. The Hammer pattern typically occurs at the end of a downtrend and signals a potential reversal in price direction. The Hammer formation consists of a small body and a long lower shadow or wick, which extends below the body. […]
Gravestone Doji
Gravestone Doji is a candlestick pattern used in Japanese candlestick analysis. It is a pattern that indicates a potential reversal signal at a turning point in the market. Gravestone Doji is characterized by a candlestick that has traded at a high level from the opening price but has returned to the closing price. This […]
Falling Three Methods
Falling Three Methods is a bearish candlestick pattern that is used in technical analysis to predict the continuation of a downtrend. It is a five-candle pattern that typically occurs during a price consolidation or retracement phase within a larger downtrend. The Falling Three Methods pattern consists of the following components: First Candle: The […]
Evening Star
The Evening Star is a bearish reversal candlestick pattern that typically occurs at the end of an uptrend. It is composed of three candles and signifies a potential shift in market sentiment from bullish to bearish. Here is a detailed breakdown of the Evening Star pattern: First candle: The first candle is a […]
Evening Doji Star
The Evening Doji Star is a three-candlestick pattern that is commonly used in Japanese candlestick chart analysis. It is typically seen at the end of an uptrend and is considered a reversal pattern, indicating a potential trend change from bullish to bearish. The Evening Doji Star pattern consists of the following components: First […]
Engulfing Pattern
The Engulfing Pattern is a popular candlestick pattern used in technical analysis to signal potential trend reversals. It consists of two candles, with the second candle “engulfing” the first one. There are two types of Engulfing Patterns: bullish and bearish. Bullish Engulfing Pattern: This pattern occurs during a downtrend and is considered a […]
Dragonfly Doji
The Dragonfly Doji is a candlestick pattern used in Japanese candlestick analysis. This pattern suggests a potential reversal of a downtrend and a possible shift towards an uptrend. The Dragonfly Doji appears as a specific type of candlestick with certain characteristics. Here are the key features of a Dragonfly Doji: Body: The body […]
Doji
A Doji is a candlestick pattern that is commonly used in technical analysis of financial markets, particularly in Japanese candlestick charting. It is characterized by having the open and closing prices of an asset very close to each other or nearly the same, resulting in a small or nonexistent body for the candlestick. The […]
Dark Cloud Cover
Dark Cloud Cover is a candlestick pattern used in technical analysis to signal a potential reversal or a bearish continuation in an uptrend. It is formed by two candles and is considered a bearish reversal pattern. Here’s how it is formed: First Candle: The first candle in the Dark Cloud Cover pattern is a […]
Candlestick Patterns
Candlestick patterns are specific formations that occur on a candlestick chart, which is a popular type of price chart used in technical analysis. These patterns are formed by the open, close, high, and low prices of an asset over a given time period. Here are some commonly used candlestick patterns: Doji: A doji […]
