The Bearish Engulfing candlestick is a technical analysis tool used by traders to identify potential trend reversals from an uptrend to a downtrend. While the Bearish Engulfing pattern does not guarantee a trend reversal, it can help identify potential entry and exit points and adjust trading strategies to align with current market conditions. The article…
For a long, candlestick patterns have guided the decisions of traders. They still do so today. One of them is the Advance Block candlestick pattern. Today, we’ll discuss how to spot and trade the Advance Block on the charts. Advance Block Definition and Meaning The Advance Block pattern is a bearish reversal candlestick pattern that…
The Renko trading strategy is a type of charting that is built to show a specified range of price movements rather than time-based price movements like most chart types. It looks like a series of bricks, with each block positioned at a 45-degree angle (up or down) to the prior brick. An up brick is…
