Entries by The Synapse Network

Tower Top & Tower Bottom

Candlestick patterns are an essential component of technical analysis, offering traders insights into potential market reversals. While relying solely on candlestick patterns may be unstable, they can significantly supplement a well-rounded trading system that incorporates other strategies. Among these patterns, the Tower Top and Tower Bottom are classic reversal formations that indicate a change in […]

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Kicker Pattern

A kicker pattern is a two-bar candlestick formation that signals a potential reversal in the direction of an asset’s price trend. This pattern is marked by a sharp reversal in price over the span of two candlesticks, making it a significant indicator for traders who seek to understand which group—buyers or sellers—is currently in control […]

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Frying Pan Bottom Pattern

Definition A frying pan bottom is a candlestick pattern comprised of several Japanese candlesticks. The initial candlesticks in this pattern are bullish or bearish with small bodies, forming a rounded bottom. The pattern is completed when a final candlestick forms with a bullish gap opening. This pattern is the opposite of a dumpling top.   […]

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Dumpling Top

Definition A dumpling top is a candlestick pattern comprised of several Japanese candlesticks. The first candlesticks in this pattern are bullish or bearish with small bodies, forming a rounded top. The pattern is completed when a final candlestick forms with a bearish gap opening. This pattern is the opposite of the frying pan bottom.   […]

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Bearish Belt Hold

A bearish belt hold is a candlestick pattern that forms during an upward trend. This pattern occurs when, following a series of bullish trades, a bearish or black candlestick appears. The opening price, which becomes the high for the day, is higher than the close of the previous day. The stock price then declines throughout […]

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