•••Mastering Candlestick Patterns: A Trader’s Secret to Predicting Market Moves••• If you’re into trading stocks or crypto, chances are you’ve come across candlestick charts. They’re popular because they offer a visual representation of price...
A piercing pattern is a two-day candlestick price pattern that includes a trading range of average or greater size on the first day, with the opening near the high and the closing near the low. A piercing pattern indicates a potential short-term...
Now let’s look at the H4 chart of the EURUSD currency pair again. They continue to push the price down this week, just like they did last week. The wave structure is building its order downwards. The MACD indicator is going down in the lower sales...
With the current price of 1.3655 situated below the mid-point of the Donchian channel at 1.3860, the emphasis is clearly on sales. Buying opportunities are not considered at this point. The strategy involves holding existing short positions and...
What Is The Piercing Candlestick Pattern The "Piercing" candlestick pattern is a Japanese candlestick analysis pattern that forms at the end of a downtrend and signals an upward trend reversal. The pattern is formed with two candlesticks: First, a...