Mindblown: a blog about philosophy.

What does the Hammer candlestick pattern mean?  Hammer is a bullish candlestick pattern that means the rejection of the lower prices. When the market opens, the prices begin to fall because the sellers take control. When the selling pressure is at the peak, a buying pressure intervenes and pushes the prices high. This buying pressure…

Doji candlesticks appear in a context But these four types are different from Doji. In a scenario where we deal with a Doji candle but it does not fall in any of the above categories, it is a Doji candle. Doji gives rise to a neutral formation that suggests a state of indecision between buyers…

Bullish Doji Star candlestick pattern  What is it? The bullish Doji Star pattern is a three-bar formation pattern that develops during a downtrend. The first bar has a long black body, the second bar opens even lower. It closes just like a Doji pattern with a small range of trading. The third bar closes above…

What is the Three Stars in the South candlestick pattern? The three stars in the south is a bullish reversal pattern made up of three candles, and it comes up on candlestick charts. It may appear after a price fall, and it indicates that the bearishness is reducing. The pattern is very rare, it doesn’t appear…

What is the Belt Hold pattern? This candlestick pattern (or yorikiri in Japanese) is seen as a small trend reversal pattern that can show a bearish or bullish trend reversal, depending on how the pattern is and the direction of the trend in which it shows up.  The pattern is a single candlestick pattern that…

What is the Key Reversal Bar pattern? A one-day reversal that comes up when a market obtains a new high/low, preferably an instant high/low, called an uptrend, and then reverses to close the trade at or close to the low/high, called a downtrend, of the price bar. The meaning is that the market has had…

What is the Dragonfly Doji candlestick pattern?  A Dragonfly Doji candlestick pattern is one of the four different types of Doji candlesticks. This pattern is the most uncommon candlestick. It works with the main purpose of depicting the equilibrium situation of supply and demand. It means it signals an important reversal. Therefore, if you want a…

What is are Three Outside Up & Down patterns? The three outside up / down candlestick pattern describes a pair of three-candle reversal patterns that come up on candlestick charts. In both, a dark candlestick is followed by two white ones, or vice-versa. The Three Outside Up pattern A three outside up pattern is made up…

What is the Three Line Strike candlestick pattern? A three-line strike is a continuation group of candlesticks that has three bars in the direction of a trend, followed by a final candle that pulls back to the start point. Traders make use of the three-line strike as an opportunity to buy at a current trend…

What is the Three Inside Up/Down Pattern? Three inside up and three inside down are three-candle reversal patterns that form on candlestick charts. The pattern needs three candles to form in a particular sequence, indicating that the current trend has lost momentum and a move in the other direction might be starting. Three Inside Up pattern…