Learning Comes Before Earning
Bullish Engulfing
Bullish Engulfing Candlestic Pattern is trend reversal pattern which convert downtrend to uptrend. Its characterstic is it completely cover or engulf the previous candle. It's efficiency rate is more than 60%.
Bearish Engulfing
Bearish Engulfing Candlestic Pattern is also trend reversal pattern which convert uptrend to downtrend. Its characterstic is it completely cover or engulf the previous candle. This cndle is always red as it is bearish candle. It's efficiency rate is more than 60%.
Hammer Candle
Hammer Candlestic Pattern is very bullish pattern it turns downtrend to uptrend we can say Hammer candle is trend reversal candle. It has short body and long shadow inside the body. It is very effective to work and efficiency of this candle is 90%.
Shooting Star Candle
Shooting Star candle is also trend reversal candle which is found at the top of the trend. It reverse the uptrend to downside side. Its efficiency percentage is 90%. If you find this candle then never ignore it.
Double Bottom
Double Bottom is a trend reversal pattern which has the capability to change downtrend to uptrend. Accuracy Level for this pattern is more than 80% and easy to search and find on any chart because it looks like "W".
Uptrend
Uptrend make with higher top and higher bottom. It shows the strength the stock if any stock is working in uptrend then we can take position in it. Always remember never try to work against the trend.
Downtrend
Downtrend shows the weakness of stock. It make lower top lower bottom. Never make buying position during the downtrend if you want to make profit in downtrend then short sell the stock.
