The hammer pattern, also called the “takuri line,” is a commonly used candlestick pattern to trade assets. It is said to have a reliability of 64%, making it one of the more reliable candlestick...
Category: Trading and Investments
The inverted hammer pattern in candlestick trading is a reversal pattern from a bearish trend to a bullish trend. The pattern is formed as the price has been moving lower and lower. The shape is that...
Trading securities can be a risky endeavor. To the untrained eye, it may look like a game of chance. As a person who deals quite a bit with complex finances, I understand the confusion. It’s...
Candlestick charts are a commonly used trading tool across many types of commodities. To trade candlestick charts effectively, you need to have a knowledge of several different types of patterns,...
Candlesticks, on a candlestick chart, are a popular tool among technical analysts, as they give the analyst four pieces of data visually. Beyond the data that each candle can give—the open price,...
The morning star candlestick pattern is one of the numerous candlestick patterns used by day traders in forming trading strategies. It is a straightforward tool, easy for the beginning trader to use,...