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
Raindrop
by PRASHANT SHAH -
Raindrop Category: Reversal Type: Weak Raindrop is a two-candle bullish trend reversal pattern. In the downtrend, there is a bearish candlestick pattern having a strong body. Price gaps down in the next session. It opens below the body of previous bearish candlestick pattern. It opens below the previous closing price and closes almost near where ... Read more
