Bullish Engulfing is a multiple candlestick chart pattern that is formed after a downtrend indicating a bullish reversal. It is formed by two candles, the second candlestick engulfing the first candlestick. The first candle is a bearish candle that indicates the continuation of the downtrend. The second candlestick is a long bullish candle that completely...Read More

Piercing pattern is a multiple candlestick chart pattern formed after a downtrend indicating a bullish reversal. Two candles form it, the first candle being a bearish candle which indicates the continuation of the downtrend. The second candle is a bullish candle that opens the gap down but closes more than 50% of the real body...Read More

Bullish Reversal candlestick patterns indicate that the ongoing downtrend is going to reverse to an uptrend. Thus, the traders should be cautious about their short positions when the bullish reversal candlestick chart patterns are formed. Below are the different types of bullish reversal candlestick patterns: Hammer:Hammer is a single candlestick pattern that is formed at...Read More

Candlestick charts originated in Japan over 100 years before the West had developed the bar charts and point-and-figure charts. In the 1700s, a Japanese man known as Homma discovered that as there was a link between price and the supply and demand of rice, the markets also were strongly influenced by the emotions of traders....Read More

With its low capital requirements, ease of entry, and 24/7 accessibility, Forex trading has a strong appeal for anyone with a laptop looking to increase their income—as a part-time gig or as a full-time trader. While there is money to be made in Forex trading, it requires specialized knowledge and a lot of discipline, neither...Read More