Imagine you are closely monitoring the charts of a stock that has been in a downtrend for several days. Every attempt to rebound appears weaker, and the downtrend shows no signs of weakening. Suddenly, one candlestick draws your attention: a big green candle that closes near its high, standing out against the bearish backdrop. Could […]

Candlestick patterns are key components of technical analysis, providing traders and investors a glimpse into market psychology and trends. The Closing White Marubozu pattern is one of the most reliable patterns that signals a bullish trend. It is easy to spot, and therefore, someone doesn’t need to be an expert to use this pattern. In […]

There are several chart patterns that a trader can utilize to determine a stock’s trend. Suppose while searching for a trading opportunity, you find a stock that is steadily declining. Then suddenly, you notice a bullish candle out of nowhere, which suggests the stock price may be about to reverse. One such pattern is called […]

Have you ever tried to predict when a downtrend is about to reverse and if it’s a good time to enter a trade? The ‘Three Inside Up’ candlestick pattern is popular among traders for identifying bullish reversals. Whether you are a beginner learning the basics of technical analysis or an experienced trader, grasping the details […]

You must have employed a variety of candlestick patterns to determine the momentum and direction of a stock’s price if you are a stock market trader who believes in short-term trading based on technical tools. While some candlestick patterns feature two candlesticks, others may just have one. However, you’ll be surprised to learn that several […]