Blended Candlestick Pattern Analysis:
A blended candlestick pattern is the same as two individual candles forming what is known as a dark cloud cover, the single resulting candle being a shooting star/inverted hammer. In the market interpretation, the Hammer indicates a potential bearish reversal after a prolonged up trend.
Candlestick Pattern Analysis:
Candlestick Pattern Analysis shows that emotion by visually representing the size of price moves with different colors. Candlestick patterns help traders make trading decisions based on frequently occurring patterns that help forecast the long-term, short-term, and intraday direction of the price.
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Blended Candles:
One candlestick is created by blending candles from different adjacent candlesticks, thus summarizing the results of a number of time periods. Candlesticks of the same frequency and adjacent candlesticks with different time scales can be blended to form one candle, summarizing the outcome of several periods. Candles of similar results can be blended over any time scale, such as minute to minute candles, hour to hour candles, or day to day candles.
Piercing Pattern Candlestick:
Piercing Pattern Candlesticks indicate a potential short-term or long-term reversal from a downward trend to an upward trend. With a Piercing Pattern Candlestick, the first day opens near the high and closes near the low with an average to larger trading range. Piercing Pattern Candlesticks also feature a gap down after the first day, when the second day begins trading near the low and closes near the high. A close should also cover at least half of the upward length of the previous day’s red candlestick body.
Dark Cloud Cover Candlestick Pattern:
Dark Cloud Cover candlestick pattern is a Japanese candlestick chart pattern that indicates a possible trend reversal to the downside. In the Dark Cloud Cover candlestick pattern, a large green candle that is bullish candle is followed by a red candle that is bearish and creates a new high before closing lower than the midpoint of the previous bullish candle.
Piercing Candlestick Pattern:
The Piercing Candlestick Pattern is a Japanese candlestick pattern that signals a potential price reversal to the upside. Piercing Candlestick Pattern appears at the bottom of an uptrend trend. It involves a large red candle that is bearish candle, followed by a green candle that is bullish candle. The bullish candle creates a new high, before closing lower than the previous bearish candle.
Intraday Chart Analysis:
Intraday Chart Analysis is the analysisChart analysis is the process of analyzing past market data to predict future price movements. In addition to fundamental analysis and sentimental analysis, methodology is considered a subset of security analysis. In this article, we examine how to use technical analysis in intraday chart analysis for day trading.
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