CA Bigyan Kumar Mishra

Candlestick is simply a type of chart that is used by technical analysts to display open, close, high and low prices of a security. Its names such as it resembles an actual wax candle. A single candle represents the market participant’s psychology for the session. Anyone can make a decision on whether to buy, hold or sell by investigating the relationship between one candle … [Read more...] about Why candle types, size, location and color matters in candlestick charting

Candlestick patterns are very popular to indicate trend reversal. We have already discussed hanging man, hammer, shooting star, inverted hammer, dark cloud cover, piercing patterns, engulfing, evening star and morning star candlestick patterns. In this article we will be discussing Bullish and bearish meeting line candlestick patterns. Bearish and Bullish meeting lines are … [Read more...] about Bullish and bearish meeting line candlesticks pattern

Candlestick patterns are used by technical analysts to predict future price reversals to the up or down side. One of such candlestick patterns which signal the end of an uptrend is “Evening Star Candlestick Pattern”. Evening star candlestick pattern is a type of reversal signal that usually appears at the top of an uptrend. Traders consider it as a reliable bearish signal as … [Read more...] about Evening Star Candlestick Pattern Explained

Candlestick patterns are used by market participants to know trend reversal. One of such reversal patterns is the morning star candlestick pattern. Traders closely watch for the formation of a morning star before taking any position. Morning star is a three candlesticks major bottom reversal pattern printed in a downtrend market. The first candle has a long bearish body. … [Read more...] about Morning Star Candlestick Pattern Explained

In Technical Analysis, Candlestick patterns are considered as a representation of the market structure. They give us a clear picture of the price movement and how market participants interact at any given time. In this article, we will be discussing the Bearish abandoned baby candlestick pattern. Both bullish and bearish abandoned baby candlestick patterns signal a possible … [Read more...] about Bearish abandoned baby candlestick pattern

In technical analysis, candlestick patterns are a representation of the market structure. They give a clear picture of price movement and how bulls and bears interact at any given time. In this article, we will be discussing an important japanese candlestick pattern called bullish abandoned baby. Abandoned baby gets its name from the second candle of the pattern which looks … [Read more...] about Bullish Abandoned baby candlestick pattern

In technical analysis, candlestick patterns are considered as a representation of the market structure. They give a clear picture of price movement and how bulls and bears interact at any given time. Three inside up and three inside down candlestick pattern is a three candle trend reversal pattern. Three inside up candlestick patterns indicates a potential trend reversal found … [Read more...] about Three Inside up/down candlesticks pattern

In technical analysis, candlestick patterns are a representation of the market structure. They tell us how bulls and bears interact with each other at any given time. Three outside up and three outside down is part of three-candle trend reversal patterns. As the name suggests, three candles in a specific sequence are needed to complete the pattern. Formation of three outside … [Read more...] about Three outside up/down candlestick pattern explained

Inside candle is the opposite of a bullish or bearish engulfing pattern. In this type of pattern, the first candle completely engulfed the second candle. In other words, an inside candlestick pattern is formed when the high and low of the current candlestick falls within the boundaries of the prior candlestick high and low. It indicates little price movement relative to the … [Read more...] about What is Inside Candle and how to trade

Bearish and bullish piercing candlestick patterns are considered as a signal for trend reversal. In a downtrend, a bullish piercing pattern (also called simply the Piercing Pattern) signals a trend reversal to the upside. Similarly, in an uptrend, a bearish piercing candlestick pattern signals a trend reversal to the downside. The Bearish piercing pattern is known as the … [Read more...] about Bullish Piercing Candlestick Pattern Explained