Fundamental And Technical Analysis

Several similar and very common patterns on candlesticks are ones that focus on market reversals. However, these patterns can also set the market up for just a retracement move without fully reversing. Which is good for a shorter term trader to focus on and capitalize on, leaving longer term traders ... Continue Reading

An understanding of reversals candles can help to manage existing trades or an entry on a new trade. A single candlestick can be a reversal signal, but a grouping of them can be even more powerful and show the struggle with price and moving higher or lower. The upper and ... Continue Reading

Inverted Hammer and Shooting Star The inverted hammer and shooting star also look identical. The only difference between them is whether you’re in a downtrend or uptrend. Both candlesticks have petite little bodies (filled or hollow), long upper shadows and small or absent lower shadows. The inverted hammer occurs when price has ... Continue Reading

Prior Trend For a pattern to qualify as a reversal pattern, there should be a prior trend to reverse. Bullish reversals require a preceding downtrend and bearish reversals require a prior uptrend. The direction of the trend can be determined using trend lines, moving averages, or other aspects of technical analysis. Hammer and ... Continue Reading