Hammer candlestick pattern In a hammer candle, the opening, closing and high prices are located near each other creating a body at the top, while a long wick extends lower. The wick is usually twice as big as the body. Moreover, it can be helpful...
Hammer Candlestick Chart Pattern The Hammer candlestick pattern is a popular single-bar formation used in technical analysis, signaling potential bullish reversals in the market. It is widely used by traders to identify the end of a downtrend and a...
What is a Morning Star Candlestick? The Morning Star is a bullish candlestick reversal pattern that appears at the bottom of a downtrend in a stock’s price. Morning Star is composed of three candles. The first candle is a long red candle that...
GBPCHF pair which is consolidating around the EMA 50, it appears to be between the pivot point (PP) 0.9408 and the resistance (R1) 1.1130. If the price will continue the downward rally in accordance with the bearish trend, it needs to pass the pivot...
EURCHF pair which is consolidating around the EMA 50, it appears to be between the pivot point (PP) 0.9408 and the resistance (R1) 0.9465. If the price will continue the downward rally in accordance with the bearish trend, it needs to pass the pivot...