Key trend reversal indicator – High Accuracy Bulls and Bears Doji Transitional Candlestick Formation. A Doji is quite often found at the bottom and top of trends and thus is considered as a sign of possible reversal of price direction, but the Doji can be viewed as a continuation pattern as well. A doji[…]
Best High Profits Forex Trading Dark Cloud Cover Pattern – The Dark Cloud Cover, in candlestick charting, is a pattern where a black candlestick follows a long white candlestick. It can be an indication of a future bearish trend. There are two components of a Dark Cloud Cover formation: Bullish Candle (Day 1) Bearish Candle[…]
High Profits Forex Trading – A bearish engulfing pattern is a chart pattern that consists of a small white candlestick with short shadows or tails followed by a large black candlestick that eclipses or “engulfs” the small white one. As implied by its name, a bearish engulfing pattern may provide an indication of a future[…]
The Heikin-Ashi technique–“average bar” in Japanese–is one of many techniques used in conjunction with candlestick charts to improve the isolation of trends and to predict future prices. There are five primary signals that identify trends and buying opportunities: Hollow candles with no lower “shadows” indicate a strong uptrend: let your profits ride! Hollow candles[…]
