📉What are Reversal Patterns? In trading, candlestick patterns are used to analyze the behavior of the market and identify potential opportunities to enter or exit a trade. Reversal patterns and continuation patterns are two types of candlestick patterns that traders look for. Reversal patterns are characterized by a change in the direction of the trend. These...
Dear traders, In this video I want to look at some basics of Elliott Wave analysis and how to spot top/bottom or reversal of a trend. There are specific patterns that can help us define useful set-ups for potential trade idea. Hope you will enjoy the video.
Bearish Hammer Candlestick (AKA Inverted Hammer) These bearish formations are simply upside down hammers, and are also known as inverted hammers. Here's what a bearish hammer candlestick is telling us: Price opened near the lows of the candle, and although buyers initially succeeded at pushing price higher, they lost the final battle when sellers tipped the...
This is called a Bullish "Marubozu" Candlestick. This candle is considered a weak indicator. Depending on what comes after this candle , this could be a bullish continuation or bearish reversal. This candle usually have no wicks on either end. The color of this candle is either Green or White. Check your charts and search for them everywhere and see what comes...