-
4 Key Single Candlestick Patterns in Trading
Since you’re familiar with important fundamental candlestick patterns like spinning tops, marubozus, and dojis, let’s cover some key single candlestick patterns. The following four single candlestick patterns often signal a potential market reversal. The first of the single candlestick patterns we’ll discuss is the Hanging Man and the Hammer, which look identical but derive their meaning from past price action. Their bodies are different (black/red or white/green), their lower shadows are long, and their upper shadows are either non-existent or very short. In a downtrend, a Hammer often indicates that the ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- May 24, 2023 6:52am May 24, 2023 6:52am
- Guest
- | IP XXX.XXX.131.23
- Comment #2
- Quote
- May 24, 2023 9:31am May 24, 2023 9:31am
- Bones
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 2814 Comments
#doyourownanalysisordietryin
- Comment #3
- Quote
- May 24, 2023 9:55am May 24, 2023 9:55am
- kingsleynwan
- | Joined Oct 2019 | Status: Member | 1 Comment