Dual Candlestick Patterns
Tweezer Tops should have the same highs, while Tweezer Bottoms should have the same lows.
Single Candlestick Patterns
Now that you’re familiar with basic candlestick patterns like spinning tops, marubozus, and dojis, let’s learn how to recognize single candlestick patterns.
Basic Japanese Candlestick Patterns
Let’s take a look at each type of candlestick and what they mean in terms of price action.
Japanese Candlestick Anatomy
buyers came in and drove prices back UP to end the session back near its open price.
What is a Japanese Candlestick?
While we briefly covered Japanese candlestick charting analysis in the previous forex lesson, we’ll now dig in a little and discuss them more in detail. Let’s do a quick review first.
How to Trade Support and Resistance
Now that you know the basics of how to trade support and resistance, it’s time to apply these basic but extremely useful technical tools in your trading.
what is Trend Channels?
If we take this trend line theory one step further and draw a parallel line at the same angle of the uptrend or downtrend, we will have created a “channel”.
Trend lines are probably the most common form of technical analysis in forex trading.
what is Support and Resistance?
“Support and resistance” is one of the most widely used concepts in trading.