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FXTM

April 9, 2018

What is the Candlestick pattern called "Evening Star"?

A long white candlestick forms in the direction of the uptrend, confirming that the rally is still in force. The next session gaps higher, forming a small candle that signals indecision. A long black candle that follows pushes the ...

FXTM

April 9, 2018

What is the Candlestick pattern called "Three Black Crows"?

At the end of the uptrend, the presence of three consecutive long black candlesticks signifies the end of the upward move and the beginning of a new move in the opposite direction. Each Marubozu opens above the previous close and conc...

FXTM

April 9, 2018

What is the candlestick pattern called "Three Inside Down"?

A small candlestick body of either colour follows a long white candlestick. The bullish rally is losing its strength as shown by the presence of the small candle which is contained by the previous long body. The reluctance of the m...

FXTM

April 9, 2018

What is the Candlestick pattern called "Tweezers"?

The market continues to trade in the direction of the established uptrend, registering higher highs. The next session is bearish, pushing prices lower. The matching highs indicate that a possible top may be in place and a reversal ...

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