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Nifty 50 daily chart shows a Shooting Star candlestick pattern. Experts said that 24500 to 24700 zone is providing support to ...
A strong bearish candle would confirm the reversal. The falling three (3) methods is a bearish continuation pattern that indicates a temporary consolidation before the downtrend resumes.
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Bullish Rising Three Method It is a continuation candlestick pattern. It is ideally a five candle pattern in which second, third, and fourth candles are opposite in color of the first candle.
This pattern is confirmed when the price prints a long lower wick, little to no upper wick, and closes at or near its opening level. On Ether’s monthly chart, the candlestick reflects a sharp ...
Shannon Fagan/Getty Images A continuation pattern indicates a brief pause in ... ideally confirmed by a candle close and a spike in volume. Another technique is to watch for a successful retest ...