Understanding how to read a candlestick chart can be a real asset during your investment journey. With that in mind, we'll ...

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The hammer is a bullish reversal candlestick pattern characterized by a small body near the top, a long lower wick, and little to no upper shadow. It signals a shift from selling to buying pressure.

This indicates a shift from bearish to bullish, reflecting strong buying pressure that may mark a potential reversal. Another bullish candlestick pattern is the bullish harami. This is a two ...

Candlestick patterns are a critical tool in technical analysis, offering valuable insights into the psychology of the market and allowing traders to make better decisions.

The pattern occurs after a downtrend. Breakaway Pattern is a bearish reversal pattern. It consists of 5 candles. In this pattern, current trend is seen beginning to slow and then filling of the ...

and closing with a large green candle suggesting a probable reversal into an uptrend. Bearish Engulfing: A long red candle engulfs the previous green candle, indicating an upper hand by sellers.

Last week, we noted EURUSD price action had presented an inverted hammer candlestick, signaling a possible bearish reversal. That view has now been confirmed - the pair tumbled the following day.