We will focus on five bullish candlestick patterns that give the strongest reversal signal. The Hammer is a bullish reversal pattern, which signals that a stock is nearing the bottom in a downtrend.

The one that you find works best for your trading strategy will be your strongest one. There are generally three groups of patterns: continuation, reversal, and bilateral. Some traders classify ...

The hammer is a common bullish candlestick reversal pattern that forms when the price moves substantially lower after the open and then rallies to close near the high. The equivalent bearish ...

Currently, the week is shaping up as a potentially bearish shooting star candlestick pattern. It shows signs of a bearish reversal within one week, as sellers subsequently took charge following a ...