A Head and Shoulders Bottom on the USD/CHF daily chart A bullish reversal pattern defined by three prominent lows with a middle low (the head) that is lower than the other lows (the shoulders). The neckline is drawn above the two price highs that separate the head from the shoulders. Upward penetration of the neckline
In technical analysis, a chart formation that resembles a human head and shoulders and is generally considered to be predictive of a price reversal. A head and shoulders top (which is considered predictive of a price decline) consists of a high price, a decline to a support level, a rally to a higher price than
On a Japanese Candlestick chart, a two day reversal pattern that has a small body day completely contained within vertical range of the previous larger candle’s body. This formation suggest that the previous trend is coming to an end. The smaller the second candlestick, the stronger the reversal signal. See: Bullish Harami
On a Japanese Candlestick chart, a two day reversal pattern that is the same as the Harami, except that the second day is a Doji. See Bullish Harami Cross
On a Japanese Candlestick chart, the Hanging Man candlestick occurs when a security moves significantly lower after the open, but rebounds to close well above the intraday low. The Hammer and Hanging Man are short body candles with little or no upper shadow or wick, and a lower shadow at lease twice the height of