Month: June 2023
Where will the price go in the following pattern ?
What is the name of this pattern ? | #002
What is the name of this pattern ? | #001
Hanging Man Pattern
This pattern appears at the end of a bull cycle. The number 1 candle is the Hanging Man candle. The Hanging Man candle has a shadow twice as long as the body – possibly longer. The Hanging Man candle can be a red candle (bearish… Read More
Inverted Hammer Pattern
This pattern appears at the end of a bearish cycle. The number 1 candle is the Inverted Hammer candle. The Inverted Hammer candle has a shadow twice as long as the real body – possibly longer. The Inverted Hammer candle can be a red candle… Read More
Shooting Star Pattern
This pattern appears at the end of a bull cycle. Candle 1 is the Shooting Star candle. The Shooting Star candle has a shadow twice as long as the body – possibly longer. The Shooting Star candle can be a red candle (bearish candle) or… Read More
Hammer Pattern
This pattern appears at the end of a bearish cycle. The number 1 candle is the Hammer candle. The Hammer candle has a shadow twice as long as the real body – possibly longer. Hammer candlestick can be a red candle (bearish candle) or green… Read More
Engufing Up Pattern
This pattern appears at the end of the bearish cycle, consisting of bearish candle number 1 and bullish candle number 2. The body of bullish candle number 2 has the size of overwhelming the body of candle number 1. In this lesson, we can also… Read More
Engufing Down Pattern
This pattern appears at the end of the uptrend, including bullish candle number 1 and bearish candle number 2. The body of bearish candle number 2 has the size of overwhelming the body of candle number 1. In this lesson, we can also review and… Read More