The head and shoulders, including its closely-related cousin the inverse head and shoulders, is a popular trend reversal pattern. However, not much is written about its shortcomings. This article addresses these by showing you the common hallmarks of a failed (inverse) head and shoulders pattern and how to mitigate losses when this happens. What is … Read more
While candlestick patterns come in all different shapes and sizes, there is perhaps none quite as unusual as the four-price doji. In this article, I will explain how a four price doji forms, why they’re so unusual, and where you are most likely to come across them. I also suggest how they might be used … Read more
While the shooting star and inverted hammer appear similar on the surface, there are some small nuances that differentiate them. This shooting star vs inverted hammer comparison divulges what these nuances are, so that you can trade these candlestick patterns with confidence. Shooting Star Candlestick Pattern The shooting star candlestick pattern is a single candle … Read more
Two closely related but often misconstrued candlestick patterns are the hanging man and hammer pattern. Lucky for you, this hanging man vs hammer candle comparison clears up the common pitfalls most traders fall into when learning about these for the first time. Along the way, I will teach you how to spot both formations in … Read more
In this post, I want to clarify some contentious issues between pin bar vs hammer candles. Thanks to the lazy coverage on this topic, these two closely related candlestick patterns often get confused with one another. However, there are several nuances that often get overlooked. And I’m about to share them with you. In particular, … Read more
In the obscure world of technical analysis, candlestick theory can often feel like the most daunting. And it’s no wonder! With so many eccentric names, it can be easy to get lost in all the jargon. However, this article is about to put an end to your confusion by breaking down one of my favourite … Read more
Mastering candlestick theory is crucially important if you want to improve your market timing skills as a trader. In this article, we are going to talk about one such pattern that can help us achieve this: the double doji candle pattern. Along the way, I will show you how to spot this pattern, its different … Read more
Candlestick trading is a fascinating branch of technical analysis, whereby traders look for “patterns” in candle formations for clues about the underlying trend. One of these candlestick patterns is the morning doji star, which is a three-candlestick pattern often seen as a bullish reversal indicator. Throughout this article, we are going to dig into what … Read more
Candlestick patterns are one of many tools used by technical analysts to decide when to buy and sell a stock. Chief amongst these is the evening doji star candlestick pattern, which usually signals a bearish trend reversal. Despite being one of the most rarely observed candlestick patterns, I’ve always found it to be one of … Read more
Learning how to draw support and resistance levels correctly is an essential part of any successful trading decision. Fortunately, there are several ways to draw support lines and resistance lines that allow any level of trader to assess the market and make great trades consistently. By the end of this article, you will know how … Read more