In the 20th century, the introduction of candlestick patterns to Western markets further enhanced their popularity among traders and analysts. Today, candlestick charts are a fundamental tool in ...

The hammer is a bullish reversal candlestick pattern characterized by a small body near the top, a long lower wick, and little to no upper shadow. It signals a shift from selling to buying pressure.

ForexEKO reimagines traditional candlestick analysis by integrating automation, bringing a modern touch to a classic trading strategy. Traders no longer have to second-guess formations or spend hours ...

Comprising two consecutive candles, the pattern features a smaller bullish candle followed by a larger bearish candle that engulfs the first. This formation is considered a strong indicator that ...