TWO CANDLESTICKS REVERSAL PATTERN : HARAMI
Day Trading Resources
Nature – It’s a two candlestick reversal pattern and represents indecision. It can signal both bullish or bearish reversal patterns depending upon its position, preceding price action and further confirmation. Position – It occurs at the top of uptrend for bearish Harami and bottom of downtrend for bullish Harami. First Candle – First candle has  large body with …
Hanging Man : Single Candlestick Reversal Patterns
Day Trading Resources
Hanging Man Formation in Candlestick Reversal Pattern Nature – Like Shooting Star,  Hanging man is a bearish Single Candle Reversal Pattern which is relevant when forms at the top of uptrend and can indicate short to long term trend reversal after confirmation. Real Body – It can be either red or green. Red Hanging Man is more bearish …
SINGLE CANDLESTICK REVERSAL PATTERNS: Doji
Day Trading Resources
DOJI : Bullish or Bearish, Single Candlestick Reversal Pattern It represents indecision between bulls and bears. No real body as price opens and closes at the same position. The length of the upper and lower shadows can vary and so the shape of the Doji can vary and may looks like cross, inverted cross or plus sign. …
SINGLE CANDLESTICK BULLISH REVERSAL PATTERN: HAMMER
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Bullish Single Candlestick Reversal Patterns – Hammer Candlesticks Hammer is a Bullish Single Candle Reversal Pattern which is relevant when forms at the bottom of downtrend or at the bottom of a pullback and can indicate short to long term trend reversal after confirmation. Real Body – Can be either green or red. But green Hammer is …
UNDERSTANDING OF CANDLESTICKS IN TRADING: CANDLESTICK DEVELOPMENT
Day Trading Resources
Candlesticks Development In Trading Candlesticks are time specific and they can basically develop in the given time interval. The following video shows in the best manner how a candlestick develops over a given time interval. A novice in intraday trading must understand different candlestick development before jumping in the actual trading using candlestick chart.