Candlestick
53,087 views
23 Posts
Hot
Latest
#Candlestick Patterns
Trade with LuckySevenTrader
Why Candlestick Patterns Are Important ?
Candlestick patterns are a vital tool for traders and investors because they provide insights into market psychology and potential price movements. Here's why they are crucial:
1. Visual Representation of Market Sentiment
2. Predicting Price Movements
3. Identifying Entry and Exit Points
4. Confirmation of Technical Analysis
5. Timeframe Flexibility
6. Emotional Insight and Market Psychology
7. Easy to Learn and Apply
#LuckySevenTrader #CandleStickPatterns #BinanceSquareFamily
$BTC $SOL $BNB
Trade with LuckySevenTrader
Why Candlestick Patterns Are Important ?
Candlestick patterns are a vital tool for traders and investors because they provide insights into market psychology and potential price movements. Here's why they are crucial:
1. Visual Representation of Market Sentiment
2. Predicting Price Movements
3. Identifying Entry and Exit Points
4. Confirmation of Technical Analysis
5. Timeframe Flexibility
6. Emotional Insight and Market Psychology
7. Easy to Learn and Apply
#LuckySevenTrader #CandleStickPatterns #BinanceSquareFamily
$BTC $SOL $BNB
Mastering Candlestick Patterns: A Must for Crypto and Forex Traders
Candlestick patterns are a powerful tool for traders in both the crypto and forex markets. These patterns provide valuable insights into market sentiment and potential price movements, helping traders make informed decisions. Here’s a guide to some of the most essential candlestick patterns you should know.
What Are Candlestick Patterns?
Candlestick patterns are a type of chart used in technical analysis to display the price movements of an asset over a specific period. Each candlestick shows the opening, closing, high, and low prices for that period. The body of the candlestick represents the range between the opening and closing prices, while the wicks (or shadows) show the high and low prices.
Key Candlestick Patterns
Hammer and Hanging Man
Hammer: This pattern indicates a potential reversal from a downtrend to an uptrend. It has a small body with a long lower wick, suggesting that sellers pushed the price down but buyers managed to bring it back up.
Hanging Man: Similar in appearance to the hammer, but it appears at the top of an uptrend, indicating a potential reversal to a downtrend.
Bullish and Bearish Engulfing
Bullish Engulfing: This pattern consists of two candles. The first is a small bearish candle, followed by a larger bullish candle that completely engulfs the previous candle’s body. It signals a potential reversal to an uptrend.
Bearish Engulfing: The opposite of the bullish engulfing pattern, this consists of a small bullish candle followed by a larger bearish candle, indicating a potential reversal to a downtrend.
Doji
A doji forms when the opening and closing prices are virtually equal, creating a small or non-existent body. It indicates indecision in the market and can signal a potential reversal when found at the top or bottom of a trend.
Morning Star and Evening Star
Morning Star: This three-candle pattern indicates a potential reversal from a downtrend. It consists of a long bearish candle, followed by a small-bodied candle (which can be bullish or bearish), and then a long bullish candle.
Evening Star: The opposite of the morning star, this pattern indicates a potential reversal from an uptrend. It consists of a long bullish candle, followed by a small-bodied candle, and then a long bearish candle.
Why Candlestick Patterns Matter
Understanding and recognizing these patterns can significantly enhance your trading strategy. They provide visual cues about market sentiment and potential price movements, allowing you to anticipate changes and make more informed trading decisions.
Tips for Using Candlestick Patterns
Combine with Other Indicators: While candlestick patterns are powerful, they are even more effective when used in conjunction with other technical indicators like moving averages or RSI.
Practice Makes Perfect: Spend time studying and practicing these patterns on historical charts to get a feel for how they work in real market conditions.
Stay Updated: The crypto and forex markets are highly dynamic. Stay updated with the latest market news and trends to make the most of your candlestick analysis.
By mastering these candlestick patterns, you can gain a significant edge in your trading endeavors. Happy trading!
Feel free to ask if you need more details on any specific pattern or trading strategy!
#Candlestick #CandleStickPatterns #candlesticks #candles #CandlestickAnalysis
What Are Candlestick Patterns?
Candlestick patterns are a type of chart used in technical analysis to display the price movements of an asset over a specific period. Each candlestick shows the opening, closing, high, and low prices for that period. The body of the candlestick represents the range between the opening and closing prices, while the wicks (or shadows) show the high and low prices.
Key Candlestick Patterns
Hammer and Hanging Man
Hammer: This pattern indicates a potential reversal from a downtrend to an uptrend. It has a small body with a long lower wick, suggesting that sellers pushed the price down but buyers managed to bring it back up.
Hanging Man: Similar in appearance to the hammer, but it appears at the top of an uptrend, indicating a potential reversal to a downtrend.
Bullish and Bearish Engulfing
Bullish Engulfing: This pattern consists of two candles. The first is a small bearish candle, followed by a larger bullish candle that completely engulfs the previous candle’s body. It signals a potential reversal to an uptrend.
Bearish Engulfing: The opposite of the bullish engulfing pattern, this consists of a small bullish candle followed by a larger bearish candle, indicating a potential reversal to a downtrend.
Doji
A doji forms when the opening and closing prices are virtually equal, creating a small or non-existent body. It indicates indecision in the market and can signal a potential reversal when found at the top or bottom of a trend.
Morning Star and Evening Star
Morning Star: This three-candle pattern indicates a potential reversal from a downtrend. It consists of a long bearish candle, followed by a small-bodied candle (which can be bullish or bearish), and then a long bullish candle.
Evening Star: The opposite of the morning star, this pattern indicates a potential reversal from an uptrend. It consists of a long bullish candle, followed by a small-bodied candle, and then a long bearish candle.
Why Candlestick Patterns Matter
Understanding and recognizing these patterns can significantly enhance your trading strategy. They provide visual cues about market sentiment and potential price movements, allowing you to anticipate changes and make more informed trading decisions.
Tips for Using Candlestick Patterns
Combine with Other Indicators: While candlestick patterns are powerful, they are even more effective when used in conjunction with other technical indicators like moving averages or RSI.
Practice Makes Perfect: Spend time studying and practicing these patterns on historical charts to get a feel for how they work in real market conditions.
Stay Updated: The crypto and forex markets are highly dynamic. Stay updated with the latest market news and trends to make the most of your candlestick analysis.
By mastering these candlestick patterns, you can gain a significant edge in your trading endeavors. Happy trading!
Feel free to ask if you need more details on any specific pattern or trading strategy!
#Candlestick #CandleStickPatterns #candlesticks #candles #CandlestickAnalysis
The Three Line Strike Pattern: A Key to Market Trends
The Three Line Strike Pattern: A Key to Market Trends 📈📉
The Three Line Strike is a powerful tool in technical analysis used by traders and investors to anticipate potential price movements. This chart pattern signals possible trend reversals and can be crucial in making strategic decisions. Let’s dive into the details of this intriguing pattern! 🔍✨
Make sure to like and subscribe to stay tuned for more updates.
What is the Three Line Strike? 🧐
The Three Line Strike pattern consists of four candlesticks on a price chart and can indicate either a bullish or bearish trend reversal. Here’s how it looks:
1. Structure of the Pattern:
First Three Candlesticks: These candlesticks move in the same direction. In a bullish pattern, they are green, showing a strong upward trend. In a bearish pattern, they are red, indicating a downward trend.Fourth Candlestick: This final candlestick moves in the opposite direction of the first three. It opens with a gap and closes within the range of the first candlestick, effectively "striking" through the previous three.
Bullish Three Line Strike 📊
In a bullish Three Line Strike, you’ll see:
Three Green Candlesticks: Indicating a strong upward trend.Fourth Candlestick: A red candlestick that opens lower than the close of the third green candlestick but closes above the opening price of the first green candlestick.
This pattern suggests that despite a temporary pullback, the overall upward trend is likely to continue. 📈🚀
Bearish Three Line Strike 📉
In a bearish Three Line Strike, the pattern includes:
Three Red Candlesticks: Signaling a strong downward trend.Fourth Candlestick: A green candlestick that opens higher than the close of the third red candlestick but closes below the opening price of the first red candlestick.
This indicates that despite a temporary upward movement, the overall downward trend is expected to persist. 📉🔽
Why is it Important? 🔍
1. Trend Reversal Indicator: The Three Line Strike helps identify potential trend reversals, allowing traders to adjust their strategies based on market direction.
2. Confirmation and Risk Management: Always confirm the pattern with other technical indicators, such as volume, moving averages, or support and resistance levels, to reduce false signals and manage risk effectively. ⚠️📊
3. Practical Application: Traders use this pattern to make informed decisions about entering or exiting positions. A bullish Three Line Strike may signal a buying opportunity, while a bearish Three Line Strike could suggest it’s time to sell. 🛒💹
Conclusion 🎯
The Three Line Strike is a valuable pattern for those looking to navigate the financial markets. Understanding its structure and implications can enhance your trading strategies and improve decision-making. Remember, combining it with other technical indicators will provide a clearer picture and help in managing risks effectively. Happy trading! 🌟📈
#Candlestick
The Three Line Strike is a powerful tool in technical analysis used by traders and investors to anticipate potential price movements. This chart pattern signals possible trend reversals and can be crucial in making strategic decisions. Let’s dive into the details of this intriguing pattern! 🔍✨
Make sure to like and subscribe to stay tuned for more updates.
What is the Three Line Strike? 🧐
The Three Line Strike pattern consists of four candlesticks on a price chart and can indicate either a bullish or bearish trend reversal. Here’s how it looks:
1. Structure of the Pattern:
First Three Candlesticks: These candlesticks move in the same direction. In a bullish pattern, they are green, showing a strong upward trend. In a bearish pattern, they are red, indicating a downward trend.Fourth Candlestick: This final candlestick moves in the opposite direction of the first three. It opens with a gap and closes within the range of the first candlestick, effectively "striking" through the previous three.
Bullish Three Line Strike 📊
In a bullish Three Line Strike, you’ll see:
Three Green Candlesticks: Indicating a strong upward trend.Fourth Candlestick: A red candlestick that opens lower than the close of the third green candlestick but closes above the opening price of the first green candlestick.
This pattern suggests that despite a temporary pullback, the overall upward trend is likely to continue. 📈🚀
Bearish Three Line Strike 📉
In a bearish Three Line Strike, the pattern includes:
Three Red Candlesticks: Signaling a strong downward trend.Fourth Candlestick: A green candlestick that opens higher than the close of the third red candlestick but closes below the opening price of the first red candlestick.
This indicates that despite a temporary upward movement, the overall downward trend is expected to persist. 📉🔽
Why is it Important? 🔍
1. Trend Reversal Indicator: The Three Line Strike helps identify potential trend reversals, allowing traders to adjust their strategies based on market direction.
2. Confirmation and Risk Management: Always confirm the pattern with other technical indicators, such as volume, moving averages, or support and resistance levels, to reduce false signals and manage risk effectively. ⚠️📊
3. Practical Application: Traders use this pattern to make informed decisions about entering or exiting positions. A bullish Three Line Strike may signal a buying opportunity, while a bearish Three Line Strike could suggest it’s time to sell. 🛒💹
Conclusion 🎯
The Three Line Strike is a valuable pattern for those looking to navigate the financial markets. Understanding its structure and implications can enhance your trading strategies and improve decision-making. Remember, combining it with other technical indicators will provide a clearer picture and help in managing risks effectively. Happy trading! 🌟📈
#Candlestick
Mastering Candlestick Patterns: A Key to Smarter Stock Market Trading Candlestick patterns are an e
Mastering Candlestick Patterns: A Key to Smarter Stock Market Trading
Candlestick patterns are an essential tool for stock market traders, offering visual insights into price behavior and market sentiment. Originating from Japan over a century ago, these patterns provide a comprehensive snapshot of a specific timeframe by reflecting the opening, closing, high, and low prices of an asset.
Key Candlestick Patterns Every Trader Should Know
1. Bearish Engulfing
This pattern signals a potential shift from an uptrend to a downtrend. It occurs when a small green candlestick is followed by a larger red candlestick that completely engulfs the body of the previous day’s green candle, indicating rising selling pressure.
2. Evening Star
The Evening Star is a classic bearish reversal pattern that often emerges at the peak of an uptrend. It consists of three key candles: a large green candle, a smaller indecisive candle, and a large red candle. This formation suggests a possible shift toward downward momentum.
3. Shooting Star
The Shooting Star suggests a weakening of bullish momentum, signaling a potential reversal in an uptrend. It is characterized by a small real body, a long upper shadow, and little to no lower shadow, hinting that buyers may be losing control.
Why Candlestick Patterns Matter
Candlestick patterns provide traders with critical insights into market psychology and future price trends. They help identify whether the market is poised for a reversal, continuation, or indecision, making them a powerful tool for both technical analysis and strategic planning. Armed with this knowledge, traders can improve their predictions and fine-tune their entry and exit strategies, gaining a competitive edge in volatile markets.
Conclusion
To succeed in stock market trading, developing a solid understanding of candlestick patterns is vital. These patterns offer valuable clues about the behavior of buyers and sellers, helping traders make well-informed decisions. Whether you’re just starting or have years of experience, integrating candlestick analysis into your trading strategy can enhance market analysis and improve overall performance. In a market where timing is everything, mastering candlestick patterns could be your key to staying ahead.
#Candlestick #MemeCoinTrending #BTCUptober #DoYouHoldBNB #GrayscaleConsiders35Cryptos
Candlestick patterns are an essential tool for stock market traders, offering visual insights into price behavior and market sentiment. Originating from Japan over a century ago, these patterns provide a comprehensive snapshot of a specific timeframe by reflecting the opening, closing, high, and low prices of an asset.
Key Candlestick Patterns Every Trader Should Know
1. Bearish Engulfing
This pattern signals a potential shift from an uptrend to a downtrend. It occurs when a small green candlestick is followed by a larger red candlestick that completely engulfs the body of the previous day’s green candle, indicating rising selling pressure.
2. Evening Star
The Evening Star is a classic bearish reversal pattern that often emerges at the peak of an uptrend. It consists of three key candles: a large green candle, a smaller indecisive candle, and a large red candle. This formation suggests a possible shift toward downward momentum.
3. Shooting Star
The Shooting Star suggests a weakening of bullish momentum, signaling a potential reversal in an uptrend. It is characterized by a small real body, a long upper shadow, and little to no lower shadow, hinting that buyers may be losing control.
Why Candlestick Patterns Matter
Candlestick patterns provide traders with critical insights into market psychology and future price trends. They help identify whether the market is poised for a reversal, continuation, or indecision, making them a powerful tool for both technical analysis and strategic planning. Armed with this knowledge, traders can improve their predictions and fine-tune their entry and exit strategies, gaining a competitive edge in volatile markets.
Conclusion
To succeed in stock market trading, developing a solid understanding of candlestick patterns is vital. These patterns offer valuable clues about the behavior of buyers and sellers, helping traders make well-informed decisions. Whether you’re just starting or have years of experience, integrating candlestick analysis into your trading strategy can enhance market analysis and improve overall performance. In a market where timing is everything, mastering candlestick patterns could be your key to staying ahead.
#Candlestick #MemeCoinTrending #BTCUptober #DoYouHoldBNB #GrayscaleConsiders35Cryptos
"Discover the 6 Most Powerful Candlestick Patterns Every Trader Must Master"
1. Hammer
Description: The Hammer is a bullish reversal pattern that forms after a decline. It has a small body near the top of the candlestick with a long lower wick.
Implication: It signals that sellers drove prices lower during the session, but strong buying pressure pushed the price back up, indicating a potential trend reversal.
2. Bullish Engulfing
Description: The Bullish Engulfing pattern occurs when a small bearish candle is followed by a larger bullish candle that completely engulfs the previous candle.
Implication: It suggests a shift from bearish to bullish sentiment, indicating potential upward momentum.
3. Bearish Engulfing
Description: The Bearish Engulfing pattern occurs when a small bullish candle is followed by a larger bearish candle that completely engulfs the previous candle.
Implication: It signals a shift from bullish to bearish sentiment, indicating potential downward momentum in the market.
4. Doji
Description: A Doji forms when the opening and closing prices are nearly equal, resulting in a small or nonexistent body with long upper and lower wicks.
Implication: It represents market indecision and can signal a potential reversal or continuation depending on the context.
5. Evening Star
Description: The Evening Star is a bearish reversal pattern that consists of three candles – an upward candle, a small body, and a downward candle.
Implication: It signals a potential trend reversal, as the upward movement loses momentum, and sellers may be gaining control
6. Morning Star
Description:The morning star is a three-candle bullish reversal pattern which are
A long bearish candle.
A small indecisive candle with a gap down.
A long bullish candle with a gap up
Implication:It signals potential upward price movement, as the downward movement loses momentum, and buyers may be gaining control.
#BTC #Candlestick #INJ #TradingAdvice #ETH!
1. Hammer
Description: The Hammer is a bullish reversal pattern that forms after a decline. It has a small body near the top of the candlestick with a long lower wick.
Implication: It signals that sellers drove prices lower during the session, but strong buying pressure pushed the price back up, indicating a potential trend reversal.
2. Bullish Engulfing
Description: The Bullish Engulfing pattern occurs when a small bearish candle is followed by a larger bullish candle that completely engulfs the previous candle.
Implication: It suggests a shift from bearish to bullish sentiment, indicating potential upward momentum.
3. Bearish Engulfing
Description: The Bearish Engulfing pattern occurs when a small bullish candle is followed by a larger bearish candle that completely engulfs the previous candle.
Implication: It signals a shift from bullish to bearish sentiment, indicating potential downward momentum in the market.
4. Doji
Description: A Doji forms when the opening and closing prices are nearly equal, resulting in a small or nonexistent body with long upper and lower wicks.
Implication: It represents market indecision and can signal a potential reversal or continuation depending on the context.
5. Evening Star
Description: The Evening Star is a bearish reversal pattern that consists of three candles – an upward candle, a small body, and a downward candle.
Implication: It signals a potential trend reversal, as the upward movement loses momentum, and sellers may be gaining control
6. Morning Star
Description:The morning star is a three-candle bullish reversal pattern which are
A long bearish candle.
A small indecisive candle with a gap down.
A long bullish candle with a gap up
Implication:It signals potential upward price movement, as the downward movement loses momentum, and buyers may be gaining control.
#BTC #Candlestick #INJ #TradingAdvice #ETH!
#MyFirstSquarePost #shortposition #btc btc will go down till $52000 and put stop loss at $62973 . #Candlestick #BEARISH📉
🔥🔥🔥 #UniSwap has announced that #Candlestick charts have gone live on the network
Uniswap has taken another step towards enhancing user experience by introducing candlestick charts, a valuable tool for making informed financial decisions. This new feature, which has recently gone live on the platform, empowers users to better analyze asset performance and market trends.
Candlestick charts serve as visual representations of trading activity, offering a wealth of information to investors within minutes. They provide insights into an asset's opening and closing prices, as well as its highest and lowest prices over a given period. By tracking price movements in both the short and long term, investors can assess asset performance and determine optimal trading strategies.
While candlestick charts have long been utilized in the crypto industry, Uniswap has now integrated this feature into its platform. Through a recent announcement on their official Twitter/X account, UniswapLabs confirmed the launch of live candlestick charts, inviting users to explore this new functionality. By simply clicking the explore button, users can access real-time price action data for various assets, enabling them to make more informed trading decisions.
Live candlestick charts offer valuable insights into market sentiment, aiding users in identifying periods of optimism or pessimism. This, combined with precise price data, helps users evaluate returns and make strategic trading decisions, enhancing the trading experience on Uniswap.
In conclusion, Uniswap's introduction of candlestick charts represents a significant enhancement to its platform. By offering users access to this valuable tool, Uniswap empowers them to make smarter trading decisions and navigate the dynamic #CryptoMarket with confidence. Interested users can explore this feature on the Uniswap website or wallet app, gaining valuable insights to optimize their trading strategies.
Source - cryptopolitan.com
#CryptoTrends #BinanceSquareTalks
Uniswap has taken another step towards enhancing user experience by introducing candlestick charts, a valuable tool for making informed financial decisions. This new feature, which has recently gone live on the platform, empowers users to better analyze asset performance and market trends.
Candlestick charts serve as visual representations of trading activity, offering a wealth of information to investors within minutes. They provide insights into an asset's opening and closing prices, as well as its highest and lowest prices over a given period. By tracking price movements in both the short and long term, investors can assess asset performance and determine optimal trading strategies.
While candlestick charts have long been utilized in the crypto industry, Uniswap has now integrated this feature into its platform. Through a recent announcement on their official Twitter/X account, UniswapLabs confirmed the launch of live candlestick charts, inviting users to explore this new functionality. By simply clicking the explore button, users can access real-time price action data for various assets, enabling them to make more informed trading decisions.
Live candlestick charts offer valuable insights into market sentiment, aiding users in identifying periods of optimism or pessimism. This, combined with precise price data, helps users evaluate returns and make strategic trading decisions, enhancing the trading experience on Uniswap.
In conclusion, Uniswap's introduction of candlestick charts represents a significant enhancement to its platform. By offering users access to this valuable tool, Uniswap empowers them to make smarter trading decisions and navigate the dynamic #CryptoMarket with confidence. Interested users can explore this feature on the Uniswap website or wallet app, gaining valuable insights to optimize their trading strategies.
Source - cryptopolitan.com
#CryptoTrends #BinanceSquareTalks
🔥🔥 IMPORTANT CANDLESTICK PATTERNS 🔥🔥
👉 Bullish Patterns:
- Dragonfly Doji: Long lower shadow, no upper shadow; signals potential bullish reversal at a downtrend's bottom.
- Hammer: Small body with long lower shadow; indicates possible bullish reversal at a downtrend's bottom.
- Bullish Engulfing: Large bullish candle fully engulfs prior bearish candle, suggesting an upward reversal.
- Piercing: Bullish reversal pattern where second candle closes above midpoint of previous bearish candle.
- Tweezer Bottom: Similar lows on two candles, signaling a potential bottom and bullish reversal.
- Three White Soldiers: Three consecutive green candles with higher closes, showing strong buying momentum.
- Morning Star: Three-candle bullish reversal with bearish, small-bodied, and bullish candles at a downtrend's bottom.
👉 Bearish Patterns:
- Gravestone Doji: Long upper shadow, no lower shadow; indicates potential bearish reversal at an uptrend's top.
- Shooting Star: Small body with long upper shadow; suggests bearish reversal at an uptrend's top.
- Bearish Engulfing: Large bearish candle fully engulfs prior bullish candle, indicating a downward reversal.
- Dark Cloud Cover: Bearish reversal where second candle closes below midpoint of prior bullish candle.
- Tweezer Top: Similar highs on two candles, signaling a potential top and bearish reversal.
- Three Black Crows: Three consecutive red candles with lower closes, showing strong selling momentum.
- Evening Star: Three-candle bearish reversal with bullish, small-bodied, and bearish candles at an uptrend's top.
#Candlestick #Binance #LearnAndEarn #Learn&Earn
👉 Bullish Patterns:
- Dragonfly Doji: Long lower shadow, no upper shadow; signals potential bullish reversal at a downtrend's bottom.
- Hammer: Small body with long lower shadow; indicates possible bullish reversal at a downtrend's bottom.
- Bullish Engulfing: Large bullish candle fully engulfs prior bearish candle, suggesting an upward reversal.
- Piercing: Bullish reversal pattern where second candle closes above midpoint of previous bearish candle.
- Tweezer Bottom: Similar lows on two candles, signaling a potential bottom and bullish reversal.
- Three White Soldiers: Three consecutive green candles with higher closes, showing strong buying momentum.
- Morning Star: Three-candle bullish reversal with bearish, small-bodied, and bullish candles at a downtrend's bottom.
👉 Bearish Patterns:
- Gravestone Doji: Long upper shadow, no lower shadow; indicates potential bearish reversal at an uptrend's top.
- Shooting Star: Small body with long upper shadow; suggests bearish reversal at an uptrend's top.
- Bearish Engulfing: Large bearish candle fully engulfs prior bullish candle, indicating a downward reversal.
- Dark Cloud Cover: Bearish reversal where second candle closes below midpoint of prior bullish candle.
- Tweezer Top: Similar highs on two candles, signaling a potential top and bearish reversal.
- Three Black Crows: Three consecutive red candles with lower closes, showing strong selling momentum.
- Evening Star: Three-candle bearish reversal with bullish, small-bodied, and bearish candles at an uptrend's top.
#Candlestick #Binance #LearnAndEarn #Learn&Earn
Double top:
The double top is a bearish reversal pattern where the price reaches a high two times and it’s unable to break higher on the second attempt. At the same time, the pullback between the two tops should be moderate. The pattern is confirmed once the price breaches the low of the pullback between the two tops.
Double bottom:
The double bottom is a bullish reversal pattern where the price holds a low two times and eventually continues with a higher high. Similarly to the double top, the bounce between the two lows should be moderate. The pattern is confirmed once the price reaches a higher high than the top of the bounce between the two lows.
#Learn&Earn #CryptoUpdate #Write2Earn! #Candlestick
The double top is a bearish reversal pattern where the price reaches a high two times and it’s unable to break higher on the second attempt. At the same time, the pullback between the two tops should be moderate. The pattern is confirmed once the price breaches the low of the pullback between the two tops.
Double bottom:
The double bottom is a bullish reversal pattern where the price holds a low two times and eventually continues with a higher high. Similarly to the double top, the bounce between the two lows should be moderate. The pattern is confirmed once the price reaches a higher high than the top of the bounce between the two lows.
#Learn&Earn #CryptoUpdate #Write2Earn! #Candlestick