Concealing Baby Swallow is a four candlestick bullish reversal pattern. The pattern occurs in a downtrend and the first two candles are black Marubozus. The third day opens with a gap down and a long upper wick that reaches into the body of the second candle. The fourth day is a black Marubozu and engulfs
The Gartley Pattern is certainly one of the classic retracement patterns. It can offer the trader early entry with minimum risk into a potential longer term trend reversal. For short term day traders the pattern can be used effectively to buy and sell tests of highs and lows on an intraday basis. Gartley said to
A smoothed variation of the Arms Index, the Open-10 TRIN study is a market breadth indicator that uses advancing/declining volume and advancing/declining issues to measure the market’s strength or momentum.
Ladder Top is a five candlestick bearish reversal pattern. It occurs in an uptrend, beginning with three long bodied white candlesticks. The fourth candlestick is white but has a smaller body. The fifth candlestick is black, long bodied and closes on it’s low.
The Breakaway pattern is a five candle reversal formation that occurs during a trend. The first candle in the formation is long, in the direction of the trend. The second candle is also long gaps away from the first in the direction of the trend. The third candle can be either color, but does not