by Kyle Niedzwiecki | Jan 24, 2021 | Patterns
What Is a Shooting Star Pattern? Shooting Stars indicate a potential price top and reversal. The formation is bearish because the price tried to rise significantly during the day, but then the sellers took over and pushed the price back down toward the open. Example...
by Kyle Niedzwiecki | Jan 23, 2021 | Patterns
What Is a Hanging Man Pattern? A Hanging Man is a type of bearish reversal pattern, made up of just one candle. It has a long lower wick and a short body at the top of the candlestick with little to no upper wick. Example of a Hanging Man What Does the Hanging Man...
by Kyle Niedzwiecki | Jan 22, 2021 | Patterns
What Is an Evening Star Pattern? An Evening Star is a bearish candlestick pattern consisting of three candles a large white candlestick, a small-bodied candle, and a red candle. It is associated with the top of a price uptrend, signifying that the uptrend is nearing...
by Kyle Niedzwiecki | Jan 21, 2021 | Patterns
What Is an Ascending Triangle Pattern? An Ascending Triangle is a bullish chart pattern that is a signal for traders to take a long position when the price spikes up above the resistance level and bounces off the uptrend. Upside momentum is likely to continue or...
by Kyle Niedzwiecki | Jan 20, 2021 | Patterns
What Is a Falling Three Methods Pattern? A bearish, five candle continuation pattern that signals an interruption, but not a reversal of the current downtrend. Painted by one long red candle, followed by three shorter green candles, ending ultimately with a...
by Kyle Niedzwiecki | Jan 19, 2021 | Patterns
What Is a Rising Three Methods Pattern? A bullish continuation candlestick pattern that occurs in an uptrend and whose conclusion sees a resumption of that trend. The decisive (fifth candle) is proof that sellers did not have enough momentum to reverse the uptrend....
