vijendraguruji.com The Dragonfly Doji Pattern Pattern Type: Primarily Bullish (but context matters) The Dragonfly Doji is a distinct candlestick pattern that often signals a potential bullish reversal, especially when it appears after a downtrend. The pattern’s name is inspired by its resemblance to a dragonfly, with its long lower shadow representing the insect’s body and the … Read more
Three Inside Up Pattern Type: Bullish The Three Inside Up is a bullish reversal candlestick pattern, signaling a potential turnaround from a preceding downtrend to an uptrend. It is a robust sign of buying interest after a period of selling pressure, pointing to a shift in the market’s sentiment. What The Pattern Looks LikeThe Three … Read more
The Bullish Three Line Strike Pattern Pattern Type: Bullish The Bullish Three Line Strike is a compelling bullish continuation pattern. It frequently appears during an uptrend and suggests a potent continuation of the bullish sentiment. This pattern captures a brief pause or pullback in the upward movement, followed by a strong resurgence of the bulls. … Read more
The Bullish Engulfing Pattern Pattern Type: Bullish The Bullish Engulfing pattern is a compelling bullish reversal signal, often indicating a potential bottom or support level in the market, especially when it materializes after a downtrend. As the name suggests, this pattern involves a bullish candle that “engulfs” the preceding bearish candle, symbolizing a forceful shift … Read more
The Three White Soldiers Pattern Pattern Type: Bullish The Three White Soldiers pattern is a bullish candlestick formation that indicates a strong reversal in the market from a bearish to a bullish trend. It typically forms after a period of downtrend or price consolidation and suggests a powerful change in sentiment among traders, pointing towards … Read more
The Morning Star Pattern Pattern Type: Bullish The Morning Star candlestick pattern is a bullish reversal pattern that signifies a potential change in the direction of the market from bearish to bullish. It typically forms at the end of a downtrend and indicates the dawn of a new upward movement, hence the name “Morning Star,” … Read more
The Hammer Pattern Pattern Type: Bullish The Hammer candlestick pattern is a bullish reversal pattern that signifies a potential turnaround in price. It typically forms at the end of a downtrend and signals the possibility of a bullish movement starting. It’s called a “Hammer” due to its shape, which resembles a hammer with a long … Read more