Candlestick Chart Patterns Why do candle sticks work? Before getting deeper into different candlestick patterns, let us understand why candle sticks work. As discussed in the previous lesson, a chart …
Technical Analysis Indicators Technical Indicators are another way to look at a stock price movement. As the name goes, technical indicators indicate the price action happening in a stock. Technical …
Chart Patterns Chart Patterns is a study of Support and resistance representing key junctures where the forces of supply and demand meet. Support is an area on the chart which …
Basics Of Technical Analysis Introduction: Technical analysis is the study of prices, with charts being the primary tool. Traders use technical analysis to predict the future movement of a stock …
In the previous article, we have seen how an engulfing pattern looks like. In this article let us look at the conditions which improve the probability of a trend reversal …
We have gone through 1 candle patterns like Hammer, Hanging Man etc which give us important signals based on the length of their body, tail and color of the body. …
The Shooting Star pattern indicates an end to the existing upward move. It resembles the Inverted Hammer pattern in formation, except for that the Shooting Star occurs at market tops. How to recognize …
A Hanging Man is similar to a hammer, except for the fact that it occurs at the top of a trend in an uptrend. The name comes from the fact that …
Formation: A Inverted hammer is formed in a prevailing downtrend and is a symbol of trend reversal. It forms when the close price of a candle is higher than its opening, and …