Entries by The Synapse Network

High Wave Candlestick Pattern

What is a High-Wave Candlestick Pattern? A high-wave candlestick pattern is an indecisive pattern that indicates neither bullish nor bearish market conditions. It generally occurs at the levels of support and resistance, where bears and bulls compete to drive the price in a specific direction. The pattern is characterized by long lower shadows and long […]

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Bullish and Bearish Tri-Star Doji

What Is a Tri-Star? A tri-star is a three-line candlestick pattern that can signal a possible reversal in the current trend, whether it is bullish or bearish. Understanding the Tri-Star The tri-star pattern forms when three consecutive doji candlesticks appear at the end of a prolonged trend. The first doji indicates indecision between the bulls […]

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Dragonfly Doji

What Is a Dragonfly Doji Candlestick? A Dragonfly Doji is a type of candlestick pattern that can signal a potential reversal in price to the downside or upside, depending on past price action. It is formed when the asset’s high, open, and close prices are the same. The long lower shadow suggests that there was […]

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Gravestone Doji

What Is a Gravestone Doji? The term gravestone doji refers to a bearish indicator commonly used in trading by technical analysts. A gravestone doji is a bearish reversal candlestick pattern formed when the open, low, and closing prices are all near each other with a long upper shadow. This long upper shadow suggests that the […]

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Long-legged Doji (Rickshaw Man Doji)

What Is Rickshaw Man? The rickshaw man is a type of long-legged doji candlestick where the body is found at or very near the middle of the candle. This pattern signals indecision in the marketplace, as indicated by its long upper and lower shadows and a small real body near the center of the candle. […]

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