Abhishek Rodi Summary: The Inverted Hammer Candlestick is a bullish reversal pattern that appears after a downtrend. It has a small body at the bottom and a long upper wick, showing that buyers are trying to take control. This pattern suggests a possible price reversal, especially when confirmed by a next strong bullish candle close above the … Read more
Summary: The Shooting Star candlestick is a powerful bearish reversal pattern that appears after an uptrend. It looks like a small body with a long top wick. It tells traders that buyers are losing strength and sellers may take over. It’s best to wait for the next candle to confirm the pattern. Mostly, traders use … Read more
Summary: The Hammer Candlestick is a bullish reversal pattern that shows a possible trend reversal from down to up. It looks like a hammer with a small body at the top, and a long lower shadow tells us that buyers are getting stronger. Traders use it to find bullish reversals. Confirmation with the next candle … Read more
Summary: The Rectangle Chart Pattern, also called the Darvas Box, is a simple chart pattern where the price moves between two straight lines like a sideways or consolidation — one at the top (resistance) and one at the bottom (support). It shows that the market is taking a break. A breakout from this range can … Read more
Summary: The Diamond Top Chart Pattern is a shape that looks like a diamond and usually forms at the top of an uptrend. It is a bearish reversal pattern, meaning it signals that the price might start falling soon. When the price breaks below the pattern, it can be a good time to sell or … Read more
Summary: The Rounding Top Chart Pattern is a bearish reversal pattern that forms a smooth “∩” shape, signaling that a rising market is slowly losing strength. This pattern shows that sellers are taking control, and prices may start to fall. Traders use it to spot sell opportunities after a long uptrend. In this blog post, … Read more
Summary: The Rising Wedge Chart Pattern is a bearish trend reversal pattern that appears in an uptrend. It’s formed by two lines that slope upward, with the price making higher highs and higher lows. As the price moves inside the wedge, the upward movement slows down, suggesting a possible downward breakout when the pattern completes. … Read more
Summary: The Descending Triangle Pattern is a bearish continuation chart pattern formed by a horizontal support and a descending trendline resistance. It forms when the price keeps hitting the same low but also makes lower highs. This means sellers are pushing the price down and indicates increasing selling pressure leads to breakdown below support. Traders … Read more
Summary: The Bearish Pennant Chart Pattern is a continuation pattern that forms after a strong downward move, then pauses sideways and forms a small triangle shape. This pattern shows that the price may fall again after a short break. Traders use it to find good selling opportunities with the direction of a trend. In this … Read more
Summary: The Inverted Pole and Flag Chart Pattern is a bearish continuation pattern that signals a brief pause before the price resumes its trend. It consists of a strong bearish move known as a pole, followed by a short consolidation known as a flag. Once the price breaks below the flag, it continues in the … Read more