Traders have used the hammer candlestick pattern for a long time in technical analysis and it helps in the movement of stock prices. It indicates the reversal of trend, specifically from bearish to ...

What Is an Evening Star? An evening star is a stock price chart pattern that's used by technical analysts to detect when a trend is about to reverse. It's a bearish candlestick pattern that consists ...

Though they originated from the Japanese rice trade centuries ago, candlesticks have made their way into modern-day charts. Their ability to convey much information in a simple diagram and ease of ...

The first type of triple candlestick pattern that we'll talk about is morning and evening stars. Both morning and evening stars occur during a trend and can signal a reversal in momentum. The first ...

An inverted hammer candlestick pattern is depicted as an inverse hammer with the body of the candlestick being small, and the upper wick of the candlestick being over twice as large as the body of the ...

A bullish engulfing candle is a dual candlestick pattern, which might signal an upcoming uptrend. The pattern applies after there's been a period of consolidation or downtrend. The two-candlestick ...

If you’re looking to add a new tool to your trading arsenal, the morning star chart candlestick pattern can be an incredibly powerful indicator. When used correctly in conjunction with technical ...