Gordon Scott has been an active investor and technical analyst or 20+ years. He is a Chartered Market Technician (CMT). A piercing pattern is a two-day, candlestick price pattern that marks a ...

EUR/GBP sold off to just below 0.8400 as its downtrend unfolds. It has formed a bullish Piercing Line Japanese candlestick reversal pattern indicating the potential for a correction higher. The pair ...

Understanding candlestick patterns is one of the most valuable skills for forex traders. These patterns, derived from price action, provide insights into market sentiment, potential trend reversals ...

The piercing pattern candlestick chart is a two day price action pattern. It is created after one large down black or red candlestick followed by one large up white or green candlestick that opens ...

Some candlestick price patterns are well known, like shooting stars, hammer reversal bars, and engulfing bars. However, some of the less well-known candlestick price patterns are worth noting when ...

I recently showed you how you can use Japanese "candlestick" charts to detect real-time changes in the momentum of the market. Knowing how to read these charts is critical to making sure you're on the ...

Candlestick patterns are used to predict the future direction of price movement. Discover 16 of the most common candlestick patterns and how you can use them to identify trading opportunities. A ...

Bullish candle patterns are a key component of traders' technical analysis tactics and are used to spot trend reversals.(Image by mohamed Hassan from Pixabay) Bullish candle patterns are a key ...