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What are candlestick patterns?

Candlestick patterns are technical trading tools that have been used for centuries to predict price direction. There are dozens of different candlestick patterns with intuitive, descriptive names; most also have a corollary pattern between the upside and downside.

What is a continuation candlestick pattern?

Continuation candlestick patterns – show that a current trend is expected to continue and is the opposite of a reverse pattern. Bullish candlestick patterns – can be a good entry point for long trades and can be used to anticipate a change from a downtrend to an uptrend.

What is the mat hold candlestick pattern?

The Mat Hold candlestick pattern is a 5-candle patternIt can be bullish or bearish depending on its formationFor the bullish pattern, there is a tall green candle, 3 small red candles and the last candle is a tall green candle closing above the patternFor the bearish...

What is a hanging man candlestick pattern?

An inverted hammer candlestick occurs during a downtrend and has similar opening, closing, and low prices but a much higher high price. Inverted hammers are considered to be bullish. A hanging man candlestick pattern occurs during an uptrend and has similar opening, closing and high prices but a much lower low price.

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