Candlesticks

How to Trade the Abandoned Baby Candlestick Pattern

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We have discussed a number of candlestick patterns on the Tradingsim blog and today I have the pleasure of diving into a rare pattern known for its reliability. Abandoned Baby Definition The abandoned baby candlestick formation is a three bar reversal pattern that is similar to the morning and evening star formations and is a very reliable reversal signal when1 Read the full article >

Candlesticks

4 Trading Strategies to use with the Harami Candlestick Reversal Pattern

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Harami Candlestick Pattern I would like to cover some secondary candlestick patterns that signal a reversal may be at hand. These are not as powerful as the formations we went over in our Candlestick Charts Reversal article; however, they are important nonetheless. This article will focus on the harami. When the harami pattern appears, it depicts a condition in which1 Read the full article >

Candlesticks

How to Trade the Gravestone Doji Reversal Candlestick

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The doji candlestick is one of the most common candlestick reversal patterns you will find in the market. The gravestone doji is a variation of this reversal pattern, which we will cover in great detail. Gravestone Doji is a candlestick bar where the open, low, and close are at the low of the day. The gravestone doji is a bearish1 Read the full article >

Candlesticks

How to Day Trade using the Belt Hold Line Pattern

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Belt Hold Line Definition The belt hold line candlestick is basically the white marubozu and black marubozu within the context of a trend. The bullish belt hold candle opens on the low of the day and closes near the high. This candle presents itself in a downtrend and is an early sign that there is a potential bullish reversal. Conversely1 Read the full article >

Candlesticks

How to Day Trade the Concealing Baby Swallow Pattern

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Concealing Baby Swallow Candlestick Definition The concealing baby swallow occurs at the end of downtrends and is a bullish reversal signal. The pattern consists of four candlesticks that are all black (red), and is an early sign that the downtrend is deteriorating. Concealing Baby Swallow Candlestick Charting Example The first two days of the concealing baby swallow pattern are two1 Read the full article >

Candlesticks

Spinning Top

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Overview A spinning top or (koma) is a candlestick which the body of the candlestick is smaller than the lower and upper wicks. This candle represents a neutral position in which neither the bulls or bears are able to gain control during the trading session. The color of the real body is irrelevant as the body of the candle is1 Read the full article >