Herseys I Love You

DOUBLE AND TRIPLE CANDLESTICKS PATTERNS (PART-13)

  In previous post we already discussed about single candlesticks pattern.


Now, in this post I am going to tell you about double and triple candlesticks patterns.

1. Bullish Engulfing—> Green candle is larger than read candle. Bullish engulfing means green candle engulfs red candle. If bullish engulfing is at bottom then it's good.



2. Bearish Engulfing—> Red candle is larger than green candle. Bearish engulfing means red candle engulfs green candle. If it is at top then it's good.



3. Bullish Harami—> If green candle is smaller than red candle. It should be close above 50%



4. Bearish Harami—> Red candle is smaller than green candle.



5. Morning star—> It consists of three candlesticks that are interpreted as bullish signs by technical analysts. A morning star forms following a downward trend and it indicates the start of an upward climb. It is a sign of a reversal in the previous price trend.



6. Evening star—> It is used by technical analysts to detect when a trend is about to reverse. It is a Bearish sign



7. Bullish abandoned baby—> It is a type of candlestick pattern that is used by traders to signal a reversal of a downtrend.



8. Bearish abandoned baby—> It consists of three candles, one with rising prices, a second with holding prices, and a third with falling price.



Apart from these candlesticks patterns there are many more and we will talk about them in future posts.

If you have not visited our last post on single candlesticks pattern (PART-12) then click on this link or copy it and paste it on chrome

Link- https://commerceworldteam.blogspot.com/2024/04/single-candlesticks-pattern-part-12.html

Please comment below if you like our post and also comment below if you face any kind of difficulties

Thanks for visiting 

0 Comments