What Is a Hook Reversal?
A hook reversal is a short-term candlestick pattern that predicts a reversal in the trend's direction.
The pattern occurs when a candlestick has a higher low and a lower high than the previous session's candlestick.
This…
What Is an Island Reversal?
An island reversal is a price pattern that, on a daily chart, shows a grouping of days separated on either side by gaps in the price action.
Stock analysts interpret this pattern as an indication that the stock's…
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…
