bottom reversal pattern

The Rounding Bottom is a long-term reversal pattern that is best suited for weekly charts. It is also referred to as a saucer bottom.

Japanese Candlestick Charting – Stars as Reversal Patterns

Stars form another group of significant reversal patterns A star is a small real body that gaps away from the preceding large real body. It is still considered a star as long as the star‘s real body does not overlap the prior real body. The color of the star is unimportant. They can occur at […]

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Japanese Candlestick Charting: Major Reversal Patterns 1

In the previous post, we introduced the concept of reversal patterns. Using the Japanese candlestick charting technique, let`s look deeper into several major reversal patterns. Hammer and hanging man lines Depending on where they appear in a trend, these can be bullish or bearish. When either one of these lines occurs in a downtrend, they […]

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