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
Bullish Harami
by PRASHANT SHAH -
Bullish Harami Category: Reversal Type: Weak Harami is a two-candle formation. Imagine a bearish candle appears in downtrend followed by the open within the body. That means current session opening is between the open and close of previous bearish session. The session turns out to be bullish and price closes above the current session opening ... Read more
Bearish Harami
by PRASHANT SHAH -
Bearish Harami Category: Reversal Type: Weak Harami is a two-candle formation. Imagine a bullish candle appears in uptrend followed by the open within the body. That means current session opening is between the open and close of previous bullish session. The session turns out to be bearish and price closes below the current session opening ... Read more
Bullish Separating Lines
by PRASHANT SHAH -
Bullish Separating Lines Category: Continuation Type: Strong Bullish Separating lines is a two-candle bullish continuation pattern. Imagine a bearish candle appearing in a strong uptrend. It is a matter of concern for the bulls and the sign of a reversal of the uptrend. Markets went up too much so some bullish traders who were worried ... Read more
