Candlestick charts explained
Posted in Bearish reversals
Reading the three black crows pattern The three black crows pattern is a bearish reversal pattern that consists of three bearish candlesticks that are sinister and dark in color, this is reflected in the name. Crows are often referred to as mark of omen or something bad. So the three…
Posted in Bearish reversals
Explaining bearish abandoned baby This chart pattern equals to the bullish abandoned baby in all parameters, but has an opposite meaning. The bearish abandoned baby occurs at the end of increasing trends. Following a long white candlestick, the rate usually opens with a gap and a doji appears. On the…
Posted in Bullish reversals
Explaining bullish abandoned baby The bullish abandoned baby occurs at the end of descending trends. Following a long black candlestick, the rate usually opens with a gap and a doji appears. On the third day the rate starts with a gap again. Due to the constant upheaval during the day…