Home/Tag: Candlestick Patterns

Bullish Harami Cross Candlestick Pattern

2020-11-17T18:57:12+00:00By |Categories: Forex Education, Technical Analysis|Tags: |

Definition and identification The candlestick formation Bullish Harami Cross is a trend reversal pattern that occurs in bearish markets, and indicates that there is a probability that a change from bearish to bullish trend will occurs. This pattern has a moderate reliability and can be identified as follows: First a long candle is produced, which can be [...]

Candlestick Patterns Indicator for Metatrader 4

2020-06-03T05:45:23+00:00By |Categories: MT4-EA-Indicators|Tags: , |

This is an indicator for candlestick charts designed for Metatrader 4 which is based on the recognition of various types of patterns commonly used by many traders to open and close positions in the market. As you know, the Japanese candles usually form easily recognizable chart patterns which are indicative of possible future price behavior [...]

Bullish Harami Candlestick Chart Pattern

2020-06-03T19:44:17+00:00By |Categories: Technical Analysis|Tags: |

The candlestick pattern Bullish Harami is a reversal pattern formed by two candles, which has a low reliability, occurs during downward movements and indicates that the current downward market trend has possibilities of changing its direction to an uptrend. This pattern can be identified as follows: The current trend should be bearish as it is a [...]

Three White Soldiers Candlestick Pattern

2020-06-03T23:21:33+00:00By |Categories: Market Analysis, Technical Analysis|Tags: |

The candlestick pattern Three White Soldiers is a highly reliable formation which occurs in both downward and upward trends and indicates that there is a high probability that the market continues to trend upward (continuation pattern) or reverse the downward trend that was dominating the market so far (reversal pattern). This pattern can be identified [...]

Engulfing Bearish Candlestick Pattern

2020-06-04T04:59:16+00:00By |Categories: Market Analysis, Technical Analysis|Tags: |

The candlestick formation Engulfing Bearish is a highly reliable trend change pattern that is formed in bull markets and indicates that there is a high probability that the market will change its direction from bullish to bearish. Sometimes it could be the beginning of a bearish trend. This pattern can be identified in the following [...]

The Main Candlestick Patterns

2020-11-17T19:01:41+00:00By |Categories: Technical Analysis|Tags: |

The principles of technical analysis can be traced to the mid 17th century when Japanese farmers used charts to track the price of rice. Later, in mid-18th century these farmers began the use candlestick charts, specifically shortly after 1850. The development of this important tool of analysis of prices is credited to Munehisa Homma, a rice trader from [...]

Bullish Kicking Candlestick Pattern

2020-06-04T21:42:37+00:00By |Categories: Technical Analysis|Tags: |

The Bullish Kicking Candlestick Pattern is a formation that occurs in both downtrends as uptrends, which has a high reliability and indicates a possible change in the market trend. We can identify this pattern as follows: In this pattern the market trend is not important. The first candlestick of the formation consists of a Black Marabozu. The second [...]