Now that the bears are back in action, the market has switched from “potential reversal” mode back to “risk off” mode, and the stock market has resumed its decline. In last week’s market outlook video, we mentioned that the best trading opportunities will be shorting the stock/REITs market. Over the past 2 weeks, we have […]
The Dark Cloud Cover Candlestick Pattern is a bearish candlestick pattern that is typically formed after an uptrend and indicates a potential trend reversal. It is characterized by the following: A long white candlestick A short black candlestick that opens above the close of the previous day’s white candlestick and closes below the midpoint of […]
The Piercing Pattern is a bullish candlestick pattern that is typically formed after a downtrend and indicates a potential trend reversal. It is characterized by the following: A long black candlestick A short white candlestick that opens below the close of the previous day’s black candlestick To identify the Piercing Pattern, traders can look for […]
The evening star candlestick pattern is a bearish reversal pattern that appears after an uptrend in a financial security’s price. It is characterized by a long upper shadow, which indicates that buyers tried to push the price higher but failed, and a small real body, which suggests that there was little trading activity during the […]
The morning star candlestick pattern is a bullish reversal pattern that appears after a downtrend in a financial security’s price. It is characterized by a small real body, which suggests that there was little trading activity during the period, and a long lower shadow, which indicates that sellers tried to push the price lower […]
