Mindblown: a blog about philosophy.
-
Spinning Top Candlestick Pattern
What is Spinning Top Candlestick? Spinning top candlestick is a pattern with a short body between an upper and a lower long wick. The spinning top illustrates a scenario where neither the seller nor the buyer has gained. It results in equal opening and closing price units. The formation of a spinning top candlestick helps…
-
Doji Candlestick Pattern
What is Doji candlestick pattern? The Doji candlestick pattern can lead to high profits in trading. The versatility of this candlestick pattern is appreciated by all types of traders for different time frames. The Doji candlestick pattern is a formation that occurs when a market’s open price and close price are almost exactly the same. How is…
-
Three Inside Down candlestick Pattern
What is Three Inside Down candlestick pattern? Three Inside Down is a special Japanese candlestick pattern. It usually appears at the peaks of the price. Like other bearish reversal candlestick patterns, this is a warning signal for future declines. In trading, using this reliable price signal effectively will help you with safe DOWN orders. Structure…
-
Marubozu Candlestick Pattern
What Is the Marubozu Candlestick Pattern? A one-candle pattern, the Marubozu candles look like a rectangular block because it has no wicks (or upper and lower shadows). It is a technical indicator used to predict the future direction of an asset’s price. The pattern can be colored either red (bearish) or green (bullish, sometimes colored black). Candlestick…
-
Three Black Crows Pattern
What is the Three Black Crows Pattern? The three black crows pattern is a bearish reversal pattern consisting of three consecutive bearish long candlesticks that trend downward like a staircase. This pattern forms at the peak of an uptrend and indicates a strong reversal in the stock price. The continuous downward movement highlights the strength of the bears and they are…
-
Evening Star Pattern
What Is an Evening Star Candlestick Pattern? An evening star candlestick pattern is a three-candle formation used in technical analysis to identify bearish reversals. It consists of a large green candle, a second small-bodied candle, and a third large red candle. The first candle of the evening star pattern is a large green candle, which…
-
Bearish Engulfing:
THE ENGULFING CANDLESTICK PATTERNS The Engulfing bar is formed when it fully engulfs the previous candle. The engulfing bar can engulf more than one previous candle, but to be considered an engulfing bar, at least one candle must be fully consumed. The bearish engulfing is one of the most important candlestick patterns. This candlestick pattern…
-
Dark Cloud Cover: Candlestick Patterns
What is Dark Cloud Cover Candlestick Pattern? Unlike the piercing patterns, the dark cloud cover suggests the onset of a major bearish phase. As the name suggests, these signals indicate a major market turnaround downwards, showing the potential bad days looming ahead. This pattern is potentially bearish. We also find it to be a bearish…
-
Hanging Man Candlestick Pattern
What is a Hanging Man Candlestick Pattern? The Hanging Man is a candlestick pattern (bearish candlestick) that appears at the top of a bullish trend and provides a bearish reversal pattern. After a long bullish trend, this pattern is a warning that the trend may reverse soon, as the bulls appear to be losing momentum.…
-
On-neck Candlestick Pattern
What Does On-neck Mean? On neck means on the neckline. In this pattern, two candles form a neckline. On neck is a metaphor. This candlestick pattern that appears on the chart looks like two candles are catching one another’s neck. I feel this pattern has been aptly named. Why This Candlestick Pattern is Named On-Neck?…
Got any book recommendations?