Narrow Range Candles
by PRASHANT SHAH -
A candle’s range is the difference between its high and low price. A higher range indicates a strong trend or increased volatility during the session. Low range shows a lackluster price trend and a lack of momentum. Generally, this does not relate to candlestick patterns, but rather the range of candles is analyzed by participants ... Read more
Wide Range Candles
by PRASHANT SHAH -
W4 W4 stands for Wide Range 4. A W4 pattern is qualified if the candle’s range is the highest in the last 4 sessions. The difference between the high and low of the current session is the highest in the last four sessions. It shows that the trend is strong and momentum is in favor. ... Read more
Back-testing of candlestick patterns
by PRASHANT SHAH -
We have discussed various candlestick patterns. Many such patterns exist, and new patterns are continually being developed. People use it in different ways. There are many traders who perform subjective analysis, who observe patterns and make decisions based on their observations. Some traders use it in conjunction with other tools and indicators. Some traders create ... Read more
Mat-Hold Pattern
by PRASHANT SHAH -
Mat-Hold Pattern Category: Continuation Type: Strong Mat-Hold Pattern is a multi-candle bullish continuation pattern. Imagine in a strong bullish candlestick pattern appears in the uptrend followed by a gap up opening. The price closes lower in this session and it turns out to be a bearish session. The bearish body of the second pattern is ... Read more
Side-by-side Green Lines – Bullish
by PRASHANT SHAH -
Side-by-side Green lines – Bullish Category: Continuation Type: Strong Imagine a strong bullish candle appears in the uptrend. The next candle gaps up, it is a rising window pattern. The low of current session is higher than the previous session hence there is a bullish price action in the uptrend. Price opens lower in the ... Read more
Three Advancing Soldiers
by PRASHANT SHAH -
Three Advancing Soldiers Category: Continuation & Pullback Type: Strong Three Advancing Soldiers is a three-candle bullish continuation pattern. The first candle of the pattern is a strong bullish candle. The open price of the next candle is within the body of the previous bullish candle. It closes higher than the previous candle high and turns ... Read more
