It suggests the reversal of an uptrend, and is especially potent if the 3rd candlestick erases the gains of the initial candle. If a candlestick sample doesn’t point out a alter in market place route, it is exactly what is referred to as a continuation pattern. These will help traders to detect a period of rest in the market, when There may be s

Flags are little rectangular patterns that surface when the marketplace pauses briefly following a sharp value movement. These formations suggest the continuation of your latest development direction. The pattern contains a cup in the shape of the “U” with equal highs on both sides plus a handle which has a slight downward drift (resembling a