Wealth Note Investments
Candlestick charts have various patterns that traders use to analyse market trends and make trading decisions. These patterns can be classified into two categories: reversal patterns and continuation patterns. Reversal patterns indicate a change in the trend, while continuation patterns indicate that the trend will continue.
This pattern occurs when the opening and closing prices are close to each other, resulting in a small body with long shadows. It indicates indecision in the market and can signal a potential reversal.
This pattern has a small body and a long lower shadow. It indicates a potential reversal in a downtrend.
This pattern has a small body and a long lower shadow, but it occurs in an uptrend. It indicates a potential reversal.
This pattern has a small body and a long upper shadow, indicating a potential reversal in an uptrend.
This pattern occurs when a small bearish candle is followed by a large bullish candle. It indicates a potential reversal in a downtrend.
This pattern occurs when a small bullish candle is followed by a large bearish candle. It indicates a potential reversal in an uptrend.
These patterns consist of three candles and indicate a potential reversal in the trend.
