Gordon Scott has been an active investor and technical analyst or 20+ years. He is a Chartered Market Technician (CMT). A piercing pattern is a two-day, candlestick price pattern that marks a ...

EUR/GBP sold off to just below 0.8400 as its downtrend unfolds. It has formed a bullish Piercing Line Japanese candlestick reversal pattern indicating the potential for a correction higher. The pair ...

Bullish candle patterns are a key component of traders’ technical analysis tactics and are used to spot trend reversals.(Image by mohamed Hassan from Pixabay) Bullish candle patterns are a key ...

As you can see from the chart above, we clearly have a strong downtrend on the EUR/GBP. This is the 2 hour chart; notice how at the end of the move the A candle is quite large but is countered by a ...

Commodity Futures | A bull-piercing pattern candlestick near its previous low, indicates a reversal in Crude Oil RSI has formed a bullish divergence, and MACD has formed a bullish crossover supporting ...

I recently showed you how you can use Japanese "candlestick" charts to detect real-time changes in the momentum of the market. Knowing how to read these charts is critical to making sure you're on the ...