Downside Tasuki Gap Candlestick Pattern: Backtest Analysis

The candlestick chart is useful for detecting small changes in price and trends. These changes often form patterns that can indicate trading opportunities. The Downside Tasuki Gap is one such pattern you should know about. Wondering what the Downside Tasuki Gap is? Downside Tasuki Gap is a bearish continuation pattern that forms in a downward…

Baby Swallow Candlestick Pattern: Backtest

The Japanese candlestick chart offers a lot of patterns that may have some predictive value. Technical traders, especially price action traders rely on these patterns to spot trading opportunities in different financial markets. While some are common, many are rare to find. One of the rarest candlestick patterns is the Concealing Baby Swallow. Let’s find…

Bullish TriStar Doji Candlestick Pattern (Backtest).

Traders use candlestick charts because they make technical analysis a lot easier, with patterns that have predictive effects. There are many types of candlestick patterns, but the Bullish TriStar Doji is probably one of the most reliable ones. Let’s take a look at this Bullish TriStar Doji pattern. The Bullish TriStar Doji pattern is a…

Bullish Thrusting Candlestick Pattern (Backtest)

Some traders study the price chart for patterns that can indicate the next direction of the price, and the Japanese candlestick chart is replete with many patterns. One such pattern is the Bullish Thrusting pattern. Let’s take a look at this pattern. The Bullish Thrusting pattern, also known as the Bullish Thrusting Line, is a…

Bullish Three Line Strike Candlestick Pattern Backtest Results

The candlestick chart makes it easy to see the minutest of trends and pullbacks. Sometimes, these price movements create patterns, which, when recognized, can be used to spot trading opportunities in the market. The Bullish Three Line Strike is one pattern you should be familiar with. Wondering what the Bullish Three Line Strike is? The…

Bullish Stick Sandwich Candlestick Pattern: Backtest Analysis

The candlestick chart has been around since the 18th-century Japanese rice trading market. They can easily be used to visualize price changes, and a group of candlesticks can form patterns, which are very useful in finding reversals and continuation patterns on charts. One such pattern is the Bullish Stick Sandwich. What is it? The Bullish…

Bullish Side By Side Candlestick Pattern Backtest Results

The Japanese candlestick chart is not only easy to visualize but also makes technical analysis better, as the candlesticks can form shapes and patterns that can give a clue about how the price might move in the future. One such pattern is the bullish side-by-side pattern. What is it? The bullish side-by-side pattern is a…

Bullish Harami Candlestick Pattern: Backtest Analysis

There are different ways of analyzing financial markets using price charts. Some traders make use of indicators, while others study the price movements and the patterns made by candlesticks. One common candlestick pattern used in spotting buying opportunities in the market is the bullish Harami pattern. What is the bullish Harami pattern? The bullish engulfing…

Bullish Engulfing Candlestick Pattern: Backtest Analysis

The Japanese candlestick chart is very popular among traders not just because it is easy to visualize but also because the candlesticks can form shapes and patterns that can give a clue about how the price might move in the future. One such pattern is the bullish engulfing pattern. What is it? The bullish engulfing…