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 Star
by PRASHANT SHAH -
Bearish Star Category: Reversal Type: Weak Bearish Star is a two-candle formation. Imagine a strong bullish body candle appears in the uptrend. The price gaps up in the next session, it opens above the closing price of the previous bullish candlestick formation. The price doesn’t move much in the next session. Irrespective of the color ... Read more
Bullish Star
by PRASHANT SHAH -
Bullish Star Category: Reversal Type: Weak The concept of Star candlestick pattern is very simple yet useful. Bullish Star is a two-candle formation. Imagine a strong bearish body candle appears in the downtrend. The price gaps down in the next session, it opens below the closing price of the previous bearish candlestick formation. The price ... Read more
Bullish Kicker
by PRASHANT SHAH -
Bullish Kicker Category: Reversal Type: Strong Bullish Kicker is a strong bullish trend reversal pattern. Imagine a strong bearish candlestick pattern appears in the downtrend. Price gaps up in the next session. The price opens above the body of the previous bearish candlestick pattern, it is a shock to the bears. The price closes higher ... Read more
