🀄 Candlestick Patterns: Doji Candle, hammer candle, BOTT SS1, reversal c...

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Indicators:
EMA 3 (blue)
EMA 20 (yellow)
EMA 50 (orange)
EMA 100 (red)
EMA 200 (purple)

Bollinger Band Period 20 Deviation 2 (green)
Bollinger Band Period 20 Deviation 1 (white)

An outside reversal is a price chart pattern that reveals when a security's high and low prices for the day exceed the high and low of the previous day's trading session. Outside reversal is also known as a bullish engulfing or bearish engulfing pattern when using candlestick charts. The Shooting Star in front of a strong bearish reversal. Created with Marketscope/Trading Station II. A shooting star is not to be confused with an inverted hammer. An inverted hammer is a bullish candle, and a bullish candlestick pattern (one that will be looked at further in our next article.

Bullish reversal pattern and bearish reversal pattern is a one of the chart pattern of candlestick in technical analysis. It gives you signal for change in trend of stock. Bullish reversal pattern mean a stock can convert into downtrend zone from uptrend zone in future. Bullish Engulfing or Bullish Reversal is an important bottom reversal pattern. It appears after a downtrend in Equity. Market. It's a two candlestick pattern. In this, a large white candle completely engulfs the preceding small black candle.

BULLISH HAMMER: This pattern occurs at the bottom of a trend or during a downtrend and it is called a Hammer since it is hammering out of a bottom. It is a single candlestick pattern that has a long lower shadow and a small body at or very near the top of its daily trading range. A bearish engulfing pattern is a technical chart pattern that may portend a future bearish trend. The pattern consists of a small white candlestick with short shadows or tails followed by a large black candlestick that eclipses or "engulfs" the small white one. Bullish Doji Star Reversal Pattern. Definition: The Bullish Doji Star pattern is a three bar formation that develops after a down leg. The first bar has a long black body while the next bar opens even lower and closes as a Doji with a small trading range.

An Engulfing Line (Bullish) indicates a possible reversal of the current downtrend to a new uptrend. This pattern is an indication of a financial instrument's SHORT-TERM outlook. Description. The Engulfing Line (Bullish) occurs when the Real Body for a price bar is larger than the Real body for the previous price bar. A Hammer Doji is a type of bullish reversal candlestick pattern that can be used in technical analysis. When candles of different shapes are arranged in a certain way on the chart, they can indicate the next price movement. They can be either bullish reversal or bearish reversal indications.

We will focus on five bullish candlestick patterns that give the strongest reversal signal. 1. The Hammer or The Inverted Hammer. The Hammer is a bullish reversal pattern, which signals that a stock is nearing bottom in a downtrend.



🀄 Candlestick Patterns: Doji Candle, hammer candle, BOTT SS1, reversal c... 🀄 Candlestick Patterns: Doji Candle, hammer candle, BOTT SS1, reversal c... Reviewed by BO Turbo Trader on September 27, 2018 Rating: 5

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