αααααΈααΆαααααΆααΆαα·αααΈααα Trump αα·αααααααααΎααΆαααααΆααααααΌαααααααααΆαααα‘αΎαααααααΎαααααα αα·αα’αΆαα»αααΈαααΌααα αααααΆα ααααααααααα ααααααααΆααΆαα·αααΈ Trump ααΆααααααααΆαααΎααααααααααααααα’αΆααααααΎαααα·αααΆαα αααα½αα ααα½αααΈααααααααΆααΆααΆ αα·αααα·αααα·α αααααααΆαααααα»ααααααααααα·α αα ααααααααααααα USMCA αα αΌααααααααααΈ 2 ααααααΆα αα·α αα αααααααααααααααα’αΆαααααααααΆααα»αα ααααααααααααααααααα 25% αααααΆαααΆααααΆαααΈαααααααΈαααα αααααΆαα±ααααΆαααΆααα·αα αααΆααααΆααααΌααΆααααααααα αααααΆαααααα·ααΆα 50% ααααΆαααΆαα αΌαααααααα·αααα·ααα·α 38% ααααΆαααΆαα αΌαααΆααΆααΆααΊαααα·ααα ααααααααααΆααα USMCA α αΎααααΆαααΆ fentanyl ααααΎαααΆαααα’(ααααΌαααΆαααΆαααααααααΆααααααααα) αααααααααααα ααααα’αΆαααα·αααα’αΆα ααΉαααΆαααΆαααα αααΎααα»αααααΆααααααααα ααΆααΆαααααΎααα ααΆααΆααΆααααΆααααααΆααααααΆαααα‘αΎαααααααΈααΈαααΎαααα·αα’αΆαααα·αααααα 125 ααΆααααΆααα»ααααΆααα αΌααααααααααΈ 2 ααααααΆα ααΆαααΆαααααααααααααΎαα Trump αα·α Elon Musk α₯α‘αΌαααααααα»αααααααααΎααΆαααΎααΆαααΆαααααααααΆαα αααΆα αα·ααα»ααααα·ααα DOGE α αΎαααΆαα½αααΉαααΆαααααααααΆαααΆαααΆαααααααααΆαα ααΆααα’αααααα’αΆα ααΆαα±ααααΆαα’ααααΆααααΆαααΆαααΆαααααΎααααααα α ααααααααα»αααα αα·αααααΈααΆα Strategic Bitcoin Reserveα ααα Trump ααΆαα α»αα αααααααΆααΆααααΌαααΆαααΌααααααααΆααααα·ααααα·αα½α αα·α “ααΉαααΆααααααΆαα·ααΆαα±αααααα»ααα»α bitcoin, ethereum αα·ααααααΆαααααΆααααΈαααααααα” αααααΎαααααΆαααααα CNN αΒ ααααααΆαααααααααα ααΆααααααΆαααααααα Tiktok, αα·α αα ααααααααααα·αα·ααααααααα½ααααΆα Trump αα·α Saudi Arabia, ααααααΆααααα ααααΈαααααααΆααααα½αααΆααααααΉαααΆαααΆαααΆαααΈαα ααααα’αΆαααα·αααααΎαααα»αα |English Version| Despite not altering tariff policy on steel and aluminum, saying that this will happen next week, President Trump has granted temporary tariff exemptions on some exported goods from Canada and Mexico that meet USMCA requirements until April 2nd. This temporary agreement partially undoes the recently imposed 25% tariffs, which has led to global uncertainty. According to the White House, 50% of Mexican and 38% of Canadian imports comply with USMCA and as long as fentanyl progresses well, the US tariff is also likely to drop in response as well. In response, Canada has also postponed a second set of tariffs on $125 billion worth of US goods until April 2nd. Cost cutting: Trump and Elon Musk are now continuing to work on reducing the cost measuring and staffing on DOGE, and with ongoing layoffs, all of these could potentially lead to a higher unemployment rate in between February and March. Strategic Bitcoin Reserve: Trump officially signed an executive order and βdirect the government to stockpile bitcoin, ethereum, and three other tokens,” as per CNN sources. Other news: an extension of the Tiktok deadline, working on a large investment agreement between Trump and Saudi Arabia, a statement regarding US-Japan relations.
Top News of the Day: A Quick Recap
ααααααααΆααΆαα·αααΈ Donald Trumpα αααΆααΆααααααΆαααααααα’ααααααα α₯α‘αΌαααααα½αααααΆαααααΈααΆααααααΆααααααααΆαααα ααΎααΆαααΆααααΆααα’ααααΆα’αα·ααααΆ αααα’αΆα αααααΆαααααΈααΆαααΎαα‘αΎαααΆααΆαααΆααααααΆαα·ααααααααα±ααααΆαααΆαααα‘αΎααααααααα½αα ααα½α 2% α αααααΊααΆααΆαααααααα‘αΎαα’αα·ααααΆαααα»αα ααααα 0.1-0.2% αααααΎαααααΆααααΆαα·ααααΆααΆααααααΆαα’αααααααααα Bailey α αααααααααα’αααααααααααααΏααΆα₯αααα·αααα»αααΈ 2 ααα’αα·ααααΆα’αΆα ααΉαααΆαααΆααααα·α αααα»αααΎαα‘αΎαβ αααααΆαααααΆααααααααααα αααα»αααααΎαααααααα·α αα α ααΆαααΆααα αα ααααα’αΆαααα·α ααΆαααααΆααααααΌαααΆαααΆααααα ADP ααΆαααααΆααα α»αααΆαααΆααα½ααααααααΆααααΆαααααααΆααααααΆαααααΆαααααααααΆαααΆαααααΈαααΈααααααααΆαααααααα Trump αα·αααΆααα·αα αααΆααααΆαααα αααα»αααααααα·αααααααααα·α αα α αααααααααααΆαααΆαααααΆααα α»ααααααααααΆα αα·αααΆααααααΆαα·αααααΈαααααΆαα±ααα’αΆααΈααααααα½αα ααα½αααααΆααααααΎααααα»αααΆαααααΎαααΎααα»ααααα·ααααααααααα |English Version| President Donald Trump: The Bank of England: Job in the United States ADP employment changes dropped below the estimated figure due to recent layoffs from Trumpβs policy and uncertainty in the economic outlook. While there are some drawbacks in activities and new orders that lead the business to reluctantly replace leavers.
What is technical analysis ?
βοΈ αααααΉαααααΆαα β ααΆααα·ααΆαααααα αα ααααα ααΊααΆααΆααα·ααααΆα’αααΈαααααααααααααααα½αααααααααααΆααα‘αΎαα¬α α»ααα ααα ααΎααααΈαααααααααΆα αα·αααααααΆαααα αααΆααααααααααααΆααΆα’αΆα α‘αΎαα¬α α»ααααααααα·αααΆααΆαααα’ααΆαα αααααααΎααααΆααααΌα ααΆαααα αα ααααααα·αααααΆαααΆααΆαα β ααααα ααααααααΆαααααΈααααΆααα·ααΆααα αα αααααα β α§ααααααααα½α αα·ααα αα αααααααααααα’ααααα½αααααΎαααα»αααΆααα·ααΆαααααα αα ααααα β α―αααΆαααα βοΈ ααααααααααΈααΆααα·ααΆαααααα αα ααααα ααΆααα·ααΆαααααα αα ααααα ααΊααΆααΆααα·ααααΆα’αααΈαααααααααααααααα½αααααααααααΆααα‘αΎαα¬α α»ααα ααα ααΎααααΈαααααααααΆα αα·αααααααΆαααα αααΆααααααααααααΆααΆα’αΆα α‘αΎαα¬α α»ααααααααα·αααΆααΆαααα’ααΆαα αααααααΎααααΆααααΌα ααΆαααα αα ααααααα·αααααΆαααΆααΆαα ααΆααα·ααΆαααααα αα ααααααα·αααααααααΆααααΆαααααααααααααα·αααααΆααααααααααααααααααα ααΆααα·ααΆααααααα αααααΌαα²ααααΎαααΎαααΈαααααααααααααααα½αααααααααααΆααα‘αΎαα¬α α»ααα ααα αα·αααα ααα»α αααααΎαα’αΆα α αΌαα¬α ααααΈααΈααααΆαααΆα αααααααΎααΌα ααΆαααα αα αααααααααααα ααΆααα»αααααΆα αααααααΆαααΆααα·ααΆαααααα αα ααααα αα·αααΆααα·ααΆααααααΌαααααΆα ααΊααΆααα·ααΆαααααα αα αααααααααΎαααα·ααααααααααααααααααα·ααΆααααααααααααααα αα·αααα αααααΆααα½αααΌαα§ααααααα·ααααααααααα»αααααα βοΈ ααααα ααααααααΆαααααΈααααΆααα·ααΆααα αα ααααα α’ααααα·αα·ααααααααααΎααΆααα·ααΆαααααα αα ααααααααααααΆαααααα α£ ααααΆααα ααΊ βοΈα§ααααααααα½α αα·ααα αα αααααααααααα’ααααα½αααααΎαααα»αααΆααα·ααΆαααααα αα ααααα ααΈααααΆαα’αΆα ααααΎα αααΆααα£αα·αααααα»αααααααΊ ααααΆαα’αΆα α‘αΎα ααααΆαα’αΆα α α»α α¬ααααΆαα’αΆα ααΎαα αα αα ( Move sideways) ααΌα αααααΆααα·ααΆαααΆαααααα αα ααααααααααΌαα²ααααΎαααααααααα·ααααΆααΆαααααααΆα ααααααΆααααααααα support/resistance ααΆααααααΆαααααΎααααΆααααΆααΆαααααααα·α/α¬ααΆααΆααααααααΆ (Timeframe )α ααΆααΌαα ααααααααααααααΆααααααΌααααα»αααααα ααααΈαα αααΆαα ( Zigzag) α αΎααααααααΆααααααααΆαααΈαααΊ α ααΆααΌαα α’αααααααα·ααΆαααΆαααΆααα·ααΆαααααα αα ααααααααααααααΎααααΆααααΆαα»ααααΆαααα£ ααΊ α βοΈα―αααΆαααα Babypip: What is Technical Analysis? – BabyPips.com Investopedia: Technical Analysis: What It Is and How to Use It in Investing (investopedia.com) β¬English Belowβ¬ βοΈ Key takeaway β Technical analysis is a method of analyzing the historical price action of an asset to determine the pattern and probability that an asset may move up or down in the future.β The three main objectives of Technical analysisβ Tools and techniques used in Technical analysisβ References βοΈUnderstanding Technical analysis Technical analysis is a method of analyzing the historical price action of an asset to determine the pattern and probability that an asset may move up or down in the future. Technical analysis uses technical indicators and chart patterns to identify buy and sell entries in the market. It is important to note that technical analysis is not intended to measure the value of an asset, but rather to identify patterns and trends that can help traders make informed decisions. The main difference between technical analysis and fundamental analysis is that technical analysis uses only historical price data of assets and the volume of trading. βοΈThe three main objectives of Technical analysis Investors who use technical analysis always have three main objectives: βοΈTools and techniques used in Technical analysis The market can only move in three directions: up, down, or sideways. Technical analysis requires finding the market trend and support/resistance through the use of charts, values, and/or timeframes. In general, prices change in a zigzag mode with two price actions: In general, technical analysts often use three main elements: βοΈ References Babypip: What is Technical Analysis? – BabyPips.com Investopedia: Technical Analysis: What It Is and How to Use It in Investing (investopedia.com)
Understanding Hammers and Shooting Stars in Forex Trading
αα αααα»ααα·αααααΌαα·ααααααα’ααααααΆαα· ααΆαααααααααααΈαααααααα Candle Stick α’αΆα ααΉααα½ααααα’ααααααα»αααΆαααααΆαααααα ααΎαααααααααα½αααΈααααΆα ααααααΆααααααΎα±ααααΆααααααα α α·ααααα½αααΌαααΆαααααααααΎαααΆααα»ααβ αααααααα Candle Stick αααααααα·ααααΆαααααΊ Hammer αα·α Shooting Starα αα αααα»αα’αααααααΆααααααααα αααα’αααααΉαααααααααααΈαααααααα Candle Stick αααααααααα’ααααααααΆα αα·αααααααααΎααααΆααααΆα±ααααΆαααααα·αααααΆααααα»ααα»αααααΆααααααα½αααΌαααααα’αααα ααΎα’αααΈαα ααΆ Hammer? αα·ααααα Hammer ααΊααΆαααααααα Candle Stick ααααααα αΆαααΈαααααΆααααΆααα·ααααα‘αααα ααα αΌαα‘αΎα αααααΊααΆαααααΆααααααΌαααΈααα αΌαα α»αβαα ααα αΌαα‘αΎαα ααΆααΆααααααααΌααααααΆααΆ α’αΆα ααΉαααΆαααααααΆαααααααααα’αΆα ααΉαα αΆααααααΎαααΎαα‘αΎαα ααΌαααΆα αααααααααααΆαα αα αααα»αααα αΌαα α»α αααααα Hammer ααΊα αΆααααααΎααααααΎαα‘αΎααα αααααααααααααααΆααΆααα»αα α»ααα αααααααααααα ααα»αααααα½αααααααΆαα½αααΉαα ααα½αα’ααααα·αααΆααααα αααΎααααααααΎα±αααααααααΎαα‘αΎαα ααΆαααααααΆααααααΎαααΆαααααα Hammer ααααααα αΆαααΆα ααα½αα’ααααα·αααΆαα αααΎααα αααα»αααΈααααΆα α αΎααααααααααα½αα’αΆα ααΉαααΎαααΆαα ααΆααααααα’ααααααααΆα Hammer α§ααΆα ααα Hammer α αΆααααααΎαααα α‘αΎααααααΆααααΈααΆαααΆαααααΆααα α»α ααααααα αΆαααΈαααααΆαααα αααΆααα·ααααΆααΆαα¬ααααααΆααααα’αΆα ααΆααααααΆααααααΌααα·ααα α‘αΎααα ααΎα ααΎβα’αααΈβαα βααΆ Shooting Star? αα·ααααα Shooting Star ααΊααΆαααααααα Candle Stick ααααααα αΆαααΈαααααΆααααΆααα·ααααα‘αααα ααα αΌαα α»α αααααΊααΆαααααΆααααααΌαααΈααα αΌαα‘αΎαβαα ααα αΌαα α»αα ααΆααΆααααααααΌααααααΆααΆ α’αΆα ααΉαααΆαααααααΆαααααααααα’αΆα ααΉαα αΆααααααΎαααααΆααα α»αα ααΌαααΆα αααααααααααΆαα αααα»ααα·ααα ααΎαα‘αΎα Shooting Star ααΆααααααΎαα‘αΎααα αααααααααααααααΆααΆαα‘αΎαααααα ααα»ααααααΆαα½αααΉαα ααα½αα’ααααα·αα αααΎααααα’αΆα ααααΎα±αααααααααΆαααααΆααα α»α αααShooting Star ααααΌαααΆααααααΎαα‘αΎαα ααΆαααααααΆαααααααΆααααΆ α ααα½αα’ααααα·αααΆαα αααΎα α αΎαααΆαααααΆααααααΌααα·αα’αΆα ααΉαααΎαααΆαα‘αΎαα αααααα’ααααααααΆα Shooting Star α§ααΆα ααα Shooting Star ααΆαααα α ααα‘αΎααααααΆααααΈααΆααα·ααααΆααΆαααΎαα‘αΎα αααααΎαα±ααααΆααααααααααα½αααααααααααΆαααααΆααααααΆααααΆαααααΆααααααΌααα·ααα αααααα ααΆααααααααααα αΆαα·ααα ααααΎααΆααα·ααΆααα ααΎααΆααααααα α α·αααααΆααα½αααΌααααααααα’αααααααααα»ααααααααα αααααααΎααααΆαααα ααΎααα αααΎααΆααα½αααΌα ααααααΆααααααααα ααααα Stop-loss ααΎααααΈααΆαααΆααα ααΎααααΆαααα»ααααααααα’αααα ααα ααααΈααααα·ααααΆα ααΆααααααααα ααααααΆαααααααα’ααααααααΆαα±ααααΆαααααΉαααααΌααα ααΎαααααα Hammer αα·α Shooting Star α’αΆα ααΉααααααΎαααΆααααααααα ααΎαα»αααααΆααααααα½αααΌαααααα’ααααααΆαααααΆααα ααααΌααΆααααααααααααΌαααΆααααααΉαααααΆααααααα ααααααΆαααααΆααααααΌααα·ααα αα αααα»αααΈααααΆα ααα»αααααα½ααααααααααΈααααΎααααΆααααΆαα½αααΉαααΌα ααΆαααααααααα αα·ααα·ααΈααΆααααααααα»αααΆααααααα αΆαα·αααααααααα (English Version) In the dynamic world of Forex trading, understanding candlestick patterns can significantly enhance your ability to predict market movements and make more accurate trading decisions. Two of the most reliable reversal patterns are the hammer and the shooting star. In this blog post, we will explore what these patterns are, how to identify them, and how to use them effectively in your trading strategy. What is a Hammer? Definition A hammer is a bullish reversal candlestick pattern that typically forms after a downtrend. It signals that a potential bottom is forming and that the price may start to rise. Appearance Characteristics In a downtrend, a hammer forms when the price attempts to push lower but is met with strong buying pressure that drives the price back up, creating the hammer shape. This indicates that buyers are taking control of the market and a reversal may occur. Identifying a Hammer on a Chart Example A hammer appears after a downtrend, signaling a potential trend reversal. Appearance What is a Shooting Star? Definition A shooting star is a bearish reversal candlestick pattern that typically forms after an uptrend. It signals that a potential top is forming and that the price may start to fall. Appearance Characteristics In an uptrend, a shooting star forms when the price tries to push higher but is met with strong selling pressure that drives the price back down, creating the shooting star shape. This indicates that sellers are taking control of the market and a reversal may occur. Identifying a Shooting Star on a Chart Example A shooting star appears after an uptrend, increasing its significance as a bearish reversal signal. Appearance Risk Management Assess your trading decisions carefully. Use appropriate position sizing and manage trades using stop-loss orders to protect your capital. Conclusion Understanding and correctly identifying hammer and shooting star patterns can greatly enhance your trading strategy. These patterns provide valuable insights into potential market reversals, but they should be used in conjunction with other technical indicators and risk management practices.
Bullish Engulfing and Bearish Engulfing
α’αααΈαα ααΆ Bullish Engulfing? αα·ααααα αααααα Bullish Engulfing ααΊααΆαααααΆααααΆαααααΌααα·αααΈααα αΌαα α»αααα‘αΎααα·α αααααΆαα αααΎαααΆαααα αΆααα α α»αααααα αΌαα α»αα ααΌαααΆα αααααααααααΆαα ααααΌ Bullish EngulfingααΆαα’ααααα ααααααααααΈαα½αααααααα α(ααααααα·αααΆαααΆααααααααΎαααααΆα) αα·α αααααααΈα’ ααααααα(ααααααα·αααααΆααααααααΆααααααααΎαααααΆα) ααααααααααΈα’αααααααΈααΎαααααααΈα‘ ααΆαααα αΆαααΆα’ααααα·αα αΌαααααααααααααα αααα»αααΈααααΆαα αα αααα»αααα αΌαα α»ααααααααααΆααΆααα»αααααααα ααααααααααΆαααΆααα»α ααα»ααααααΆααΆααααααΎαααΆαααααα Bullish Engulfing ααΆααΆαααααΆααααΆαα·ααααα‘ααααααα αΌαα α»αα α§ααΆαα ααα αα ααΆαα α»αααααα αΌα α»α αααααΎαααΆαααΆαααααα Bullish Engulfing αααααα Bullish engulfing ααααΌαααΆααααααΎαα‘αΎααα ααααααααΈααααΆαααΎααααα ααΆαααΆαααααααα·αααΆαααΈαααα·ααα·αααα»ααααα’ααααα·αααααΆαααΎαα’ααααα·αα αΌααααααα»αααΈααααΆαα αΎααα»ααααααα’ααα‘αΎααα ααΎ α αΎααα·ααα ααΎαααααααΎαααΆαααΈαααα·ααα·αα αααααα Bullish Engulfing αααααααααΆααααΎαααΆααΆαααΆαααααΆααααααΌα ααΈαααααααααα’αΆααααααααααα’αααααααα ααΆααΆαααααααααααα’αΆααααααα’ααααα·αα αΌααααααααααααααΈααααΆα α αΎαααΆααΆαααααααΆααα’αααα»αααΆαααα±ααΆαααΎααααΈαααααααα αΌααα·αα αααααΆαααΆααα·ααααΆα’αααΈ βTechnical Analysis and Candlestick Patternsβ αααααααΎα‘αΎαααα ααααα·ααααΆααααα Michiganαα αααα»αααααΆα 2018 ααααααengulfing pattern ααΆαα’ααααΆαααααααααα αα 65% αααα»αααΆαααααΆααααααΆααααααα αααααΆααα»αα αααΉαααΆαααΆαααΎαα‘αΎαα ααΆααα·ααααΆαααααΌααααααΆααα’αααΈααααα·αααααΆαααααΆαααααΎααααΆαααααααααα·αα·ααααααααααα αα·αααααααααααα ααΌα ααΆαααααα bullish engulfing ααΎααααΈααΆαααααααα’αΆααααααααΈααααΆα αα·αααααΎααΆααααααα α α·ααααααα»αααΆααα½αααΌααααααΆαααααα·αααααΆαααΆααα»αα α’αααΈαα ααΆ Bearish Engulfing? αα·ααααα ααααΌ Bearish Engulfing ααΊααΆαααααΆααααΆαααααΆααααααΌααα·αααααααα αΌαα‘αΎα αααααΆαα αααΎαααΆαααα αΆααα α α»αααααα αΌαα‘αΎαα ααΌαααΆα αααααααααααΆαα ααααΌ Bearish Engulfingβ ααΆαα’ααααα ααα αααααααΈαα½αααααααα(ααααααα·αααααΆααααααααΆααααααααΎαααααΆα) αα·α αααααααΈα’ααααααα α(ααααααα·αααΆαααΆααααααααΎαααααΆα) ααααααααααΈα’αααααααΈααΎαααααααΈα‘ ααΆαααα αΆαααΆα’ααααααα αΌααααααααααααααΈααααΆαα αα αααα»αααα αΌαα‘αΎα ααΈααααΆαααΆαααααΆααΆααα»αααααααα αααααααααααααααΆααα»α ααα»ααααααΆααΆααααααΎαααΆαααααα Bearish Engulfing αααααΆαααααΆααααΆαα·ααααα‘ααααααα αΌαα α§ααΆαα ααα αα ααΆαα α»αααααα αΌαα‘αΎαααΆαααααΎαααΆαααΆαααααα Bearish Engulfing αααααα Bearish Engulfing ααΆααααααβααΈαα ααΈαα½αβααΊβααΆβααααααααβααΆαβααααα»αβααΌα βααΆα α αΎαβααΈααΈαβααΊβααΆαααααβαααβααΆαβααα αβααβααΆαβαααβααααααααααααααβαα½βααβαααβααΈαα½αα ααΆααααααΎαααααααα αΆαααΈααΆαααααΆααααααΌαααααα»αααΈα’ααααα·ααα α’ααααααα αααααΆαααΆααα·ααααΆαααααααΎα‘αΎαααα Technical Analysis Research & Education (TARE) Foundation αααααΆαααααα»αααααααΆααα αααα»ααααΆαααΆααααααααα½ααααααααΆαα αααααΎαααΆ βAnalyzing the Efficacy of Candlestick Patterns in Modern Markets,β αααααα Bearish Engulfing ααΆαα’ααααΆαααααααααα αα 72% αααα»αααΆαααααΆααααααΆα αααΉαααΆαααΆαααααΌααα·αααΈα‘αΎαααα α»αα (English Version) What is the Bullish Engulfing Pattern? Definition A Bullish Engulfing pattern is a bullish reversal pattern that typically appears at the end of a downtrend. Appearance Characteristics The Bullish Engulfing patternββ contains two candlesticks, the first candlestick is bearish, andthe second candlestick is bullish engulfing the first candlestick, indicating buyer take control in the market. During a downtrend, prices attempt to break into lower regions, but the formation of a Bullish Engulfing pattern signals a potential reversal. Example Look for the pattern at the end of a downtrend, where a larger bullish candle engulfs the previous bearish candle. The bullish engulfing candlestick pattern is formed when the market opens lower than the previous dayβs close, but then buyers step in and push the price higher, closing above the previous dayβs open. The bullish engulfing candlestick pattern marks a clear transition from bearish to bullish market sentiment and an opportunity to take long positions. According to the βTechnical Analysis and Candlestick Patternsβ study conducted by the University of Michigan in 2018, the bullish engulfing pattern has a success rate of approximately 65% in predicting future price increases. This study underscores the effectiveness of using historical price data and candlestick patterns, such as the bullish engulfing pattern, to gauge market sentiment and make informed trading decisions. What is the Bearish Engulfing Pattern? Definition A Bearish Engulfing pattern is a bearish reversal pattern that typically appears at the end of an uptrend. Appearance Characteristics The Bearish Engulfing pattern contains two candlestick, first candlestick is bullish and second candlestick is bearish engulfs the first candlestick indicates a shift from buyer control to seller control. During an uptrend, prices attempt to break into higher regions, but the formation of a Bearish Engulfing pattern signals a potential reversal. Example: Look for the pattern at the end of an uptrend, where a larger bearish candle engulfs the previous bullish candle. The Bearish Engulfing pattern consists of two candles: the first is a smaller bullish candle, and the second is a larger bearish candle that completely engulfs the body of the first candle. This formation suggests a shift in momentum from buyers to sellers. According to a study conducted by the Technical Analysis Research & Education (TARE) Foundation, published in their report titled βAnalyzing the Efficacy of Candlestick Patterns in Modern Markets,β the bearish engulfing pattern has a success rate of approximately 72% in predicting bearish reversals.
Understand Tweezer Top and Tweezer Bottom
α’αααΈαα ααΆ Tweezer Top? αα·ααααα Tweezer Top ααΊααΆαααααΆαα·ααααα‘ααααααα αΌαα α»α ααΆαααα αΆαααΆαα αααΎααα α α»αααααα αΌαα‘αΎαα ααΌαααΆα αααααααααααΆαα αααααα Tweezer Top αααααααααΆααΆααα»αααααααα αααααααααααααααΆααα»α ααα»ααααααΆαααααΎαααΆαααΆαααααα Tweezer Top ααααααααΆαααααΆααααΆαα·ααααα‘ααααααα αΌαα ααΆαααααα Tweezer Top αα ααΎααΆααΆα αα ααΆαα α»αααααα αΌαα‘αΎα ααΆαααααΎαααΆαααΆαααααα Tweezer Top α’αααΈαα ααΆ Tweezer Bottom? αα·ααααα ααααααβTweezer Bottom ααΊααΆαααααΆααααΆαα·ααααα‘ααααααα αΌαα‘αΎα ααΆαααα αΆαααΆαα αααΎααα α α»αααααα αΌαα α»αα ααΌαααΆα αααααααααααΆαα ααααΌ Tweezer Bottom αα αααα»αααα αΌαα α»α αααααααααΆααΆααα»αααααααα ααααααααααΆαααΆααα»α ααα»ααααααΆαααααΎαααΆαααΆ αααααα Tweezer Bottom αααααΆαααααΆαααα αΆαααΆ ααΆαα·ααααα‘ααααααα αΌαα α»αα’αΆα ααΎαααΆα αβ ααΆαααααα Tweezer Bottom αα ααΎααααΆααααααα αα ααΆαα α»αααααα αΌαα α»α ααΆααααααΎαααΆαααΆ αααααα Tweezer Bottom ααΆααααααααααα αΆαα·ααα αα·αα·αααααΎαααΆααααααα α α·ααααα·ααααααααα’αααα’ααααΆαα αααΆααααΆααα ααααΎααα ααααααααα·ααααααααααααΆααα·αααααααααααΎ stop-loss ααΎααααΈααΆαααΆααααααααααααααα·ααααα’αααα ααα ααααΈααααα·ααααΆα ααΆααααααΉααα·ααααααα’ααααααααΆα Tweezer Top, αα·α Tweezer Bottom α’αΆα ααααΎα±αααα»αααααΆααααααα·ααααααααα’ααααααααΎαα‘αΎαα ααααΌααΆααααααααααααΌαααΆααααααΉαα’αααΈααΆααααα αααΆαααΈααααΆααααααΆαα»αα ααα»ααααααααΌαααΆαααααΎααααΆααααΆαα½αα§ααααααα·ααΆααα αα ααααααααααααααα·αααΆααααααααααα αΆαα·αααα What is the Tweezer Top Pattern? Definition A Tweezer Top pattern is a bearish reversal pattern that typically appears at the end of an uptrend. Appearance Characteristics The Tweezer Top pattern indicates that prices attempted to break into higher regions but formed a Tweezer Top, signaling a potential reversal. Identifying a Tweezer Top on a Chart Look for the pattern at the end of an uptrend, where two or more candles have matching highs. What is the Tweezer Bottom Pattern? Definition A Tweezer Bottom pattern is a bullish reversal pattern that typically appears at the end of a downtrend. Appearance Characteristics The Tweezer Bottom pattern indicates that prices attempted to break into lower regions but formed a Tweezer Bottom, signaling a potential reversal. Identifying a Tweezer Bottom on a Chart Look for the pattern at the end of a downtrend, where two or more candles have matching lows. Risk Management Assess your trading decisions carefully. Use appropriate position sizing and manage trades using stop-loss orders to protect your capital. Conclusion Understanding and correctly identifying Tweezer Top, and Tweezer Bottom patterns can greatly enhance your trading strategy. These patterns provide valuable insights into potential market reversals, but they should be used in conjunction with other technical analysis tools and risk management practices.
Understand Morning Star Pattern
α’αααΈαα ααΆ Morning Star Pattern? αα·ααααα Morning Star Pattern ααΊααΆαααααΆαα·ααααα‘ααααααα αΌαα α»α ααΆαααα αΆαααΆαα αααΎααα α α»αααααα αΌαα α»αα ααΌαααΆα αααααααααααΆαα Morning Star Pattern ααΊααΆααααααααααΆααα·ααααα‘ααααΈααα αΌαα α»αααααΆααα αΌαα‘αΎααα·ααααααΆααααααΎαα‘αΎααααααΆαα£α αααααΆαααΈα‘ααΊααΆαααααααΆαα α»ααααα½ααβ ααΆαααΈα’ααΊααΆααΆααααααΌα αααααααα’αΆβα ααΆαααααα doji ααααααα αΆαααΈααΆααα·αα αααΆααααΆααααα’αααα αΌααα½ααα αααα»αααΈααααΆα α αΎααααααα αΆααααααααΆαβααααΆααα’αααααααααα»αααααα α»ααααααα ααΆαααΈα£ααΆααΆααααα‘αΎαααααΆαααα½αααααααα αΆαααΈααΆαααααΆααααααΌαααα αΌαα α§ααΆα ααα ααααααααΆααα½ααααααΆααΆαααααΆαααααΆαααααΆαααΉαααΆααα½αααΆα αααΉαααΆαααΆαααααΆαααααΌαααα αΌααα αααααΆααα»ααααα α’ααααα½αααΌααααααααΎααααΆααααΆααΎααααΈααααααααα·αααΆαααΆααα ααΆαααααα ααΆαααΈα’ α¬ααΆαααΈα£α ααΆααα·ααααΆααα½αααααααααααΆααα βCandlestick Charting and Technical Analysis: An Empirical Analysisβ ααααΎα‘αΎααααααα Cheol-Ho Park and Scott H. Irwin αααααΆαααααα»αααααααΆααα αααα»αααααα»αααααααΆααα αααα»ααα·ααΆαα»αααααααα·ααααΈααααΆαα α·ααααααααα» ααΆαααααΎααΆααα·ααΆαααΎααααααααΆααααααα αα·αα’ααααΆαααααααααααα½ααααααα»αααΆαααααΆααααα αααΆααΈααααΆαα αααααΆαααΆαααααΎααααααα½ααα αααααα morning star αααα αΆαααΈα’ααααΆαααααααααα αα 65% αααα»αααΆαααααΆααααααΈααΆαααΎαα‘αΎαααααΈααααΆααααααΆααααΈααΆααΆααααα αΆααααα½αα (English Version) What is the Morning Star Pattern? Definition A pattern is a bullish reversal pattern that typically appears at the end of a downtrend. Appearance Characteristics The morning star candlestick pattern is a bullish reversal pattern which is made up of three candles. The first candle is a strong bearish candle. The second candle is a small candle, sometimes doji which shows the indecision of the market participants and also shows that the sellers are getting weakα The third candle is a strong bullish candle which marks the trend change. Example This candlestick pattern is a strong indication of the potential trend reversal. Traders use this pattern to set up stop losses below the doji or the bullish candle. A study titled βCandlestick Charting and Technical Analysis: An Empirical Analysisβ by Cheol-Ho Park and Scott H. Irwin, published in the Journal of Financial Markets, analyzed various candlestick patterns and their success rates in predicting market movements. According to their findings, the morning star pattern demonstrated a success rate of approximately 65% in forecasting bullish reversals.
Understand Evening Star Pattern
α’αααΈαα ααΆ Evening Star Pattern? αα·ααααα Evening Star Pattern ααΊααΆαααααΆαα·ααααα‘ααααααα αΌαα‘αΎα ααΆαααα αΆαααΆαα αααΎααα α α»αααααα αΌαα‘αΎαα ααΌαααΆα αααααααααααΆαα Evening Star Pattern ααΊααΆααααααααααΆααα·ααααα‘ααααΈααα αΌαα‘αΎαααααΆααα αΌαα α»ααα·ααααααΆααααααΎαα‘αΎααααααΆαα£α αααααΆαααΈα‘ααΊααΆαααααααΆαα‘αΎααααα½ααβ ααΆαααΈα’ααΊααΆααΆααααααΌα αααααααα’αΆβα ααΆαααααα doji ααααααα αΆαααΈααΆααα·αα αααΆααααΆααααα’αααα αΌααα½ααα αααα»αααΈααααΆα α αΎααααααα αΆααααααααΆαβααααΆααα’αααααααααα»αααα α»ααααααα ααΆαααΈα£ααΆααΆααααα α»αααααΆαα ααααααα αΆαααΈααΆαααααΆααααααΌαααα αΌαα α§ααΆα ααα ααααααααΆααα½ααααααΆααΆαααααΆαααααΆαααααΆαααΉαααΆααα½αααΆα αααΉαααΆαααΆαααααΆαααααΌαααα αΌααα αααααΆααα»ααααα α’ααααα½αααΌααααααααΎααααΆααααΆααΎααααΈαααααααααα·αααΆαααΆααα ααΆαααΎ ααΆαααΈα’ α¬ααΆαααΈα£α ααΆααα·ααααΆααα½ααααααΆαααΆαα ααααααΆααα βJournal of Technical Analysisβ ααααααααααΆααα βEvaluating the Performance of Candlestick Patterns in Financial Marketsβ ααααΎα‘αΎααααααα David Aronson αααααΆαααΆαααααΎααααααα½ααα αααααα morning star αααα αΆαααΈα’ααααΆαααααααααα αα 69% αααα»αααΆαααααΆααααααΈααΆαααααΆααα α»αααααΈααααΆααααααΆααααΈααΆααΆααααα αΆααααα½αα (English Version) What is the Evening Star Pattern? Definition AΒ pattern is a bearish reversal pattern that typically appears at the end of an uptrend. Appearance Characteristics An evening star candlestick pattern is a bearish reversal pattern. Evening star pattern consists of three candles. The first candle is a robustly positive one. The second candle is a doji, which indicates both buyer weakness and the indecision of the market players. A strong bearish candle that marks the trend change is the third one. Example The strong bullish candle at the beginning represents the buying pressure in the market, while the doji candle that follows indicates indecision and a weakening of the buying pressure. The final strong bearish candle then confirms the bearish reversal, signaling that the sellers have taken control of the market. According to a study published in the βJournal of Technical Analysisβ by David Aronson and Timothy Masters, titled βEvaluating the Performance of Candlestick Patterns in Financial Markets,β the Evening Star pattern has a success rate of approximately 69% in predicting bearish reversals.
Understanding Shooting Starβ Candlestick Patterns
ααΎβα’αααΈβαα βααΆ Shooting Star Candlestick Pattern? αα·ααααα Shooting Star candlestick Pattern ααΊααΆαααααααααααααΆαα·ααααα‘αααααααΆααααα½αααΆααααα ααΆααΆαααααααααΆαααΎααααα·αααΆααα½αααα½αααΌα α ααΆααααΆααααΎαααΆααΉαααΆαααΆαααααΌααα·αααΈα‘αΎαααα α»α αα ααααααααΆααΎαα ααΌαααΆα αααααααααααΆαα αααα»ααα·ααα ααΎαα‘αΎα Shooting Star ααΆααααααΎαα‘αΎααα αααααααααααααααΆααΆαα‘αΎαααααα ααα»ααααααΆαα½αααΉαα ααα½αα’ααααα·αα αααΎααααα’αΆα ααααΎα±αααααααααΆαααααΆααα α»α αααShooting Star ααααΌαααΆααααααΎαα‘αΎαα ααΆαααααααΆαααααααΆααααΆ α ααα½αα’ααααα·αααΆαα αααΎα α αΎαααΆαααααΆααααααΌααα·αα’αΆα ααΉαααΎαααΆαα‘αΎαα α©ααΆα ααα Shooting Star patternααΎαα‘αΎααα ααααααααΈααααΆαααααΆααααααΆαααΆααααααΆαααααα ααααααααΆαααα»αααααααα»αααα αΌαα‘αΎαα ααααααααΆαααΎααΆααααααααααααΆααααααΆααααΎαααΆα’ααααα·αααααΆααΆααα»αααΈααααΆαα’ααα‘αΎα ααα»ααααα’ααααααααΆααα»αααΆαααα‘αααααα·ααααΆααααααα αααααΎαααΆααα ααΆαααααααααααα ααααααααααααααααααααααΆααααΆααααΎαααΆα’αΆα α αααΉαααΆαααΆαααααΆααααααΌαααααα»ααααααΆαααα αααα»αααΈααααΆα αααααααΆααααΎαααΆα’αααααααααα»ααααααααααααΈααααΆα α αΎαααα αΌαααααααα»αααα‘αΎαα’αΆα α αααΉαααααΌαααα α»ααα·αα ααΆααα·ααααΆααα½αααααααααααΆααα “The Performance of Candlestick Patterns in Financial Markets” αααααΆαααααα»αααααααΆαααα αααα»α Journal of Technical Analysis ααααααDr. Thomas Bulkowski αααααΆααα»ααααααα»αααΆααα·ααΆα chart patternsααΆαααααΎαααΆ Shooting Star pattern ααΆαα’ααααΆαααααααα αΌαααα 59% αααα»αααΆαααααΆααααααΆαα·ααα ααααΆαααΉαααΆαααΆααα·ααααα‘ααααΈα‘αΎαααα α»ααα·αα What is Shooting Star Candlestick Pattern? Definition A shooting star is a bearish reversal candlestick pattern that typically forms after an uptrend. It signals that a potential top is forming and that the price may start to fall. Appearance Characteristics The shooting star candlestick pattern is a bearish reversal signal that consists of a single candle. It features a long upper wick and a small or non-existent body. Confirmation of this pattern occurs when a strong bearish candle appears after the shooting star. Example The shooting star pattern forms when the market suddenly rejects bullish momentum. The long upper wick signifies that buyers tried to drive the price up, but sellers successfully pushed it back down, creating the extended wick. This pattern signals a possible shift in market sentiment, indicating that bears may be gaining control and the uptrend could reverse. In a study titled “The Performance of Candlestick Patterns in Financial Markets” published in the Journal of Technical Analysis, Dr. Thomas Bulkowski, a leading authority on chart patterns, found that the Shooting Star pattern has a success rate of around 59% in forecasting bearish reversals.
Understanding Hammer Candlestick Patterns
ααΎβα’αααΈβαα βααΆ Hammer Candlestick Pattern? αα·ααααα Hammer ααΊααΆαααααααα Candle Stick ααααααα αΆαααΈαααααΆααααΆααα·ααααα‘αααα ααα αΌαα‘αΎα αααααΊααΆαααααΆααααααΌαααΈααα αΌαα α»αβαα ααα αΌαα‘αΎαα ααΆααΆααααααααΌααααααΆααΆ α’αΆα ααΉαααΆαααααααΆαααααααααα’αΆα ααΉαα αΆααααααΎαααΎαα‘αΎαα ααΌαααΆα αααααααααααΆαα αα αααα»αααα αΌαα α»α αααααα Hammer Candlestick Pattern ααΊα αΆααααααΎααααααΎαα‘αΎααα αααααααααααααααΆααΆααα»αα α»ααα αααααααααααα ααα»αααααα½αααααααΆαα½αααΉαα ααα½αα’ααααα·αααΆααααα αααΎααααααααΎα±αααααααααΎαα‘αΎαα ααΆαααααααΆααααααΎαααΆαααααα Hammer ααααααα αΆαααΆα ααα½αα’ααααα·αααΆαα αααΎααα αααα»αααΈααααΆα α αΎααααααααααα½αα’αΆα ααΉαααΎαααΆαα α©ααΆα ααα hammer pattern ααΎαα‘αΎααα ααααααααΈααααΆαααΎαααα αΎαααααΆαααααΆααα α»ααα ααΆα ααα»ααααα’ααααα·αααααΆααααα αΌαααα αΎαααΆαα’αααααααααΈααααΆαα ααα‘αΎααα·ααα αα·ααα αα·αααααααααααααααααΆα αααααααααααααααααα αΆαααΈα’ααααα·αααΆαα αΌααααααααααααα ααααααpatternαααααααααααααΆααααΆααααΎαααΆα’αΆα α αααΉαααΆαααΆαααααΆααααααα»ααααααΆααααΈα’ααααααααααΆα’ααααα·ααααααααααααΈααααΆααα·αα αα αααα»αααΆααα·ααααΆααα½α*”An Empirical Evaluation of the Performance of Technical Analysis,”* αααααΆααααααααΆααα αααα»α*Journal of Futures Markets* αααααα Brett N. Steenbarger ααΆαααααΎαααΆ hammer candlestick pattern ααΆαα’ααααΆαααααααααα ααα¦α’%αααα»αααΆαααααΆααααααΆααααΆαα’αΆα α αααΉαααΆαααΆααα·ααααα‘ααααΈα α»αααα‘αΎααα·αα English Version What is a Hammerβ Candlestick Pattern? Definition A hammer candlestick pattern is a bullish reversal candlestick pattern that typically forms after a downtrend. It signals that a potential bottom is forming and that the price may start to rise. Appearance Characteristics In a downtrend, a hammer forms when the price attempts to push lower but is met with strong buying pressure that drives the price back up, creating the hammer shape. This indicates that buyers are taking control of the market and a reversal may occur. Example The hammer pattern forms when the market opens and drops lower, but buyers step in and drive the price back up, closing the candle near its daily high. The long lower wick reflects the sellers’ unsuccessful attempt to push the price down, while the close near the high indicates that buyers have regained control. This pattern signals a possible shift in market sentiment from bearish to bullish. In the study *”An Empirical Evaluation of the Performance of Technical Analysis,”* published in the *Journal of Futures Markets*, Brett N. Steenbarger found that the hammer candlestick pattern has a success rate of about 62% in predicting bullish reversals.