A three-line strike is a set of candlesticks that consists of three bars in the trend’s direction, followed by a final candle that pulls back to the start point. How can you identify the three-line strike? Four candles make for a bullish three-line strike. The first three of these are bullish, while the fourth is […]
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The moving average ribbon plots different moving averages and creates a ribbon-like structure. The spacing between the moving averages gauges the trend’s strength, and the price in relation to the ribbon can be used to identify key levels of support or resistance. Understanding moving average ribbon Moving average ribbons are typically made up of six
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The abandoned baby candlestick pattern is a reversal pattern with three bars. It resembles the morning and evening star formations and denotes a reversal following a steep climb or fall. How can you identify the pattern? Abandoned baby consists of a bullish and bearish pattern. The bullish abandoned baby is a form of candlestick pattern
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The Island pattern suggests a reversal of a current trend. The pattern has gaps on both sides, giving it the appearance of a divided region. That’s why it’s known as the Island. What is the Island Reversal pattern? The Island pattern can be seen on the chart because of its structure. Both sides of the
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The three black crows candlestick pattern is a bearish reversal pattern that is considered quite effective. The three black crows’ signify a change of control from the bulls to the bears by three successive bearish candles after a bullish trend. How to find the three black crows pattern? Each candle in a three-black crows pattern
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An outside bar is a reversal and continuation trading method in which the current candle, high and low, completely engulfs the preceding candle high and low. You can use this method to help you identify bullish and bearish reversal/continuation patterns. How can you identify the outside bar pattern? The bullish and bearish engulfing candlesticks are
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Many aspiring Forex traders have one really important question: how to scale up a small trading account in Forex more successfully? This is an important question since any business must develop over time. The truth is that you may expand your forex business, but you must exercise caution. There are several risks connected with the
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An old advertising adage says, “Sell the smell of meat, not steak.” Unfortunately, when it comes to cryptocurrencies, the flavor to steak ratio is incredible. The digital token announcements that flood the London Underground promise “big” benefits. One of them, for example, promises to “change the lives” of those who missed the Dogecoin train. Another ad for a
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Euro markedly rose in price in forex on Thursday following the results of the meeting of the European Central Bank, the leadership of which for the first time admitted that the period of high inflation exceeded forecasts. The Euro jumped against the dollar by 0.8% in just over an hour after the head of the
Oil prices fell to their lowest level two weeks after official data showed an unexpected surge in US crude oil inventories. In addition, rising COVID-19 cases in Europe, Russia, and some outbreaks of infections in China shattered hopes for an economic recovery. Brent crude fell $ 1.58, or 1.9%, to $ 83.00 a barrel by
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