Technical Analysis Tutorial For Beginners #17 | Rising Window Candlestick Pattern
Window candlestick pattern: Gap candlestick pattern trading theory
Window candlestick pattern is known as a gap up candlestick pattern
Don’t try to pick tops and bottoms, take your bite out of the middle.– Antoroy
Rising window candlestick pattern: gap up trading strategy
A rising window candlestick pattern is also known as a gap-up candlestick pattern. In trading charts, we like to use the Japanese candlestick terminology.
Candlestick patterns provide very stiff support and resistance areas. The Rising Window candlestick pattern indicates that shares are being bought above the gap-up area more than they are being sold.
When the Rising window candlestick pattern occurs, market makers adjust instantly by driving up the stock’s share price to an area where the demand for buying and selling is more balanced.
Gap up candlestick pattern:
A gap up candlestick pattern sharp increase in the stock price usually occurs outside of market hours, such as after the release of great news or after a stellar earnings report in candlestick charts.
Falling Window candlestick pattern: gap down trading strategy
Known as a gap down candlestick pattern, the Falling Window candlestick pattern is a popular candlestick pattern. For trading charts, Japanese candlestick patterns provide very stiff support and resistance areas. As a result of a Falling Window candlestick pattern, a bearish signal is being sent that shares are being bought above the gap down area more than they are being sold.
Market makers adjust instantly when the Falling Window candlestick pattern occurs by driving up the stock’s share price to an area where buying and selling demand are more in balance.
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