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What Are Counterattack Lines? On candlestick charts, the counterattack candlestick pattern is a two-candle reversal pattern. It can happen in either an uptrend or a decline. The first candle is a long black (down) candle. Second candle gaps down but then closes higher towards the closure of the first candle for a bullish reversal during […]
What Is The Pattern On The Neck? When a long real body down candle followed by a smaller real bodied up candle. That gaps down on the open but closes near the prior candle’s close, the on neck candlestick pattern occurs. The pattern known as a neckline. Because the closing prices of the two candles […]
Technical analysis is vital. Not only for market timing, but also for assisting investors. In identifying market circumstances and adapting to the current market’s volatility. Chart patterns, such as the tweezer candlestick pattern top and bottom, are one of the most important aspects of technical analysis. Because they assist traders interpret market sentiment. The tweezer […]
In forex trading, the Harami candlestick pattern usually identifies trend reversals or extensions. Technical traders value the signals generated by the Harami candle. Eventually making it a valuable tool in a trader’s toolbox. What is Harami Candlestick Pattern in Forex Trading? The Harami candlestick is a Japanese candlestick pattern. That also consists of two candles […]
What Is Three Inside Up/Down On The Inside? On candlestick charts, the terms “three inside up” and “three inside down” i.e three inside Up/Down candlestick pattern. Refer to a pair of candle reversal patterns (each containing three individual candles). Three candles must form in a specific order to form the pattern. It is indicating that […]