This is a quick summary of important candlestick patterns. It’s presumed that you know the basics of candles: if you don’t, see the article links in our Members Area.
Without further ado, let’s begin.
1. Bullish Marabuzo
Number of candles: 1.
Description: long green candle which opens near its low, and closes near its high.
Implications: BULLISH.
2. …
Bar charts were the most popular way of depicting price movements until Japanese candlestick charts invaded Western technical analysis during the 1970s, but are still as useful as they’ve ever been.
They depict the same information as candlesticks, merely presented in a different way. They have their own terminology, and are most commonly used in conjunction with classical chart patterns …
Here at FuturesTechs we are constantly evolving our product, and in recent years we have added a merry band of private customers and ‘at home’ traders to our following via our website members area.
One request from a good few of our less experienced members is for a bit more clarity as to our current thinking about short term trend, …
In this article we’re going to have a look at continuation patterns. These are in contrast to the reversal patterns we’ve already treated in a previous blog post here. My main source is the comprehensive Technical Analysis of the Financial Markets by John J. Murphy (purchase here in association with FuturesTechs).
As the name suggests, continuation patterns imply that the …
One of the premises of tecnical analysis is that price patterns tend to repeat themselves. But what are these patterns? Today, we’re going to lookat reversal patterns, i.e. where a change of trend is indicated.
Perhaps the most famous of these is the Head and Shoulders pattern.
Here is the Dow weekly candlestick chart, showing how this topped out …
Page 2 of 2