Traders Know the Reversal Patterns with Trading Examples
The Harami Pattern , Tweezers Tops and Bottoms, Belt-Hold Lines, Upside-Gap Two Crows, Counterattack Lines
Course: [ JAPANESE CANDLESTICK CHART AND TECHNIQUES : Chapter 4: More Reversal Patterns ]
They show that the bulls have taken over from the bears (as in the bullish engulfing pattern, a morning star, or a piercing pattern) or that the bears have wrested control from the bulls (as in the bearish engulfing pattern, the evening star, or the dark-cloud cover).
MORE REVERSAL PATTERNS
“Put a lid on what smells bad.”
Most
of the reversal formations in Chapters 2 and 3 are comparatively strong
reversal signals. They show that the bulls have taken over from the bears (as
in the bullish engulfing pattern, a morning star, or a piercing pattern) or
that the bears have wrested control from the bulls (as in the bearish engulfing
pattern, the evening star, or the dark-cloud cover). This chapter examines more
reversal indicators that are usually, but not always,
Less powerful reversal signals include
·
The Harami Pattern
·
Tweezers Tops and Bottoms
·
Belt-Hold Lines
·
Upside-Gap Two Crows
·
Counterattack Lines
This chapter then explores more potent reversal signals that
include
·
Three Black Crows
·
Three Mountains and Three Rivers
·
Dumpling Tops and FryPan Bottoms
· Tower Tops and Bottoms.
JAPANESE CANDLESTICK CHART AND TECHNIQUES : Chapter 4: More Reversal Patterns : Tag: Candlestick Pattern Trading, Forex : The Harami Pattern , Tweezers Tops and Bottoms, Belt-Hold Lines, Upside-Gap Two Crows, Counterattack Lines - Traders Know the Reversal Patterns with Trading Examples
