Windows
by PRASHANT SHAH -
Windows Windows is a very interesting concept on candlestick charts. Basically, Windows means gap between two candles. For example, the low price of the candle is higher than the high price of the previous candle. So, you will see the gap between the two candles. It is known as a ‘Gap’ as per the western ... Read more
Dark Cloud Cover Pattern
by PRASHANT SHAH -
Dark Cloud Cover Pattern Category: Reversal Type: Weak Dark cloud cover is a bearish reversal pattern that appears in the uptrend. Let’s assume that a strong bullish candle appears in the uptrend. The trend is bullish, the candle pattern is strong hence the scenario is bullish. Imagine that price gaps up in the next session. ... Read more
Piercing Pattern
by PRASHANT SHAH -
Piercing Pattern Category: Reversal Type: Weak Opposite of Dark cloud cover patter is a Piercing candlestick pattern. It is a bullish reversal candlestick pattern. Let’s assume that a strong bearish candle appears in the downtrend. The trend is bearish, the candle pattern is strong hence the scenario is bearish. Imagine that price gaps down in ... Read more
Bearish Separating Lines
by PRASHANT SHAH -
Bearish Separating Lines Category: Continuation Type: Strong Bearish Separating lines is a two-candle Bearish continuation pattern. Imagine a bullish candle appearing in a strong downtrend. It is a matter of concern for the bears and the sign of a reversal of the downtrend. Markets were bearish and due to sudden appearance of the bullish candle, ... Read more
Bullish Counter-Attack Lines
by PRASHANT SHAH -
Bullish Counter-Attack Lines Category: Reversal Type: Weak As the name suggest, Bullish counter-attack lines is a bullish trend reversal pattern. Imagine a bearish candle appearing in a strong downtrend. The trend is down and price action is bearish. Scenario is bearish. Price gaps down in the next session as well. The trend, price and opening ... Read more
Bearish Counter-Attack Lines
by PRASHANT SHAH -
Bearish Counter-Attack Lines Category: Reversal Type: Weak As the name suggest, Bearish counter-attack lines is a Bearish trend reversal pattern. Imagine a bullish candle appearing in a strong uptrend. The trend is up and price action is bullish. Scenario is bullish. Price gaps up in the next session as well. The trend, price and opening ... Read more
