Using our candlestick scanner it’s easy to find popular patterns such as hammer candlesticks or engulfing candles. You can choose from a huge selection of patterns in our screener, but which ones are effective and how can they be used in your technical analysis? Below I've walked through a couple of example strategies for using hammer candlesticks to find support or r … [Read more...]
Doji Candlesticks Patterns and How To Scan For Them
One of the most common candlestick patterns you can scan for is the Doji candle. It signifies a period of indecision, uncertainty or hesitation. Often they are found near tops and bottoms in trend changes, and at continuation or consolidation points. Why? It’s because these candlesticks are where the buyers and sellers are battling it out for direction. The candle is a s … [Read more...]