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Reading Time: 3 minutesStar formations during significant uptrends or downtrends are important indicators of a possible reversal in the respective trends. During uptrends, the reason could be either lesser buying volumes or selling pressure due to fundamental issues not supporting…
Reading Time: 2 minutesPiercing pattern is a bottom reversal pattern. It is a two-candle formation. It indicates a reversal in the previous bearish downtrend. The first day candle of this two day formation is a large real body Red candle…
Reading Time: 2 minutesDark cloud cover is a top reversal pattern. It is a two-candle formation. It indicates a reversal in the previous bullish uptrend. The first day candle of this two day formation is a large real body Green…
Reading Time: 2 minutesEngulfing pattern is a significant reversal formation involving two candles of opposite color. While hammer and hanging man are individual candle formations, engulfing pattern is a combination of individual candles. When the engulfing pattern is formed after…
Reading Time: 2 minutesThe hanging man candle resembles an umbrella in shape. It is a type of spinning top candle formation. Similar to hammer candle, the hanging man candle has a small real body at the top of the candle…
