RSI (Relative Strength Index) is one of the most popular and widely used technical indicators in the stock market. Traders use RSI to identify:
RSI is commonly used in:
The Tweezer Top and Tweezer Bottom are two-candle reversal patterns that signal double rejection at the same price level.
👉 They indicate that the market has tested a level twice … Read the rest
The Pin Bar (Pinocchio Bar) candlestick pattern is a rejection candle that shows price tried to move in one direction but was strongly rejected.
👉 It highlights strong support or resistance levels and … Read the rest
The Outside Bar candlestick pattern (also called an Engulfing Bar in price action) is a high-volatility signal where the current candle completely covers the range of the previous candle.
👉 It indicates … Read the rest
The Inside Bar candlestick pattern represents a consolidation phase where price trades within the range of the previous candle. It signals that the market is pausing, and a strong breakout is likely … Read the rest
The Dark Cloud Cover candlestick pattern is a 2-candle bearish reversal signal that appears after an uptrend. It shows that buyers are losing control and sellers are stepping in strongly near the … Read the rest
The Piercing Line candlestick pattern is a 2-candle bullish reversal signal that appears after a downtrend. It shows that buyers are stepping in strongly after a sharp fall and beginning to regain control.… Read the rest
The Hanging Man candlestick pattern is a bearish reversal signal that appears at the top of an uptrend. It looks similar to a Hammer, but its meaning is completely different because of … Read the rest
The Evening Star candlestick pattern is a 3-candle bearish reversal pattern that appears at the top of an uptrend. It signals that buying pressure is weakening and sellers are starting to take control.… Read the rest
The Morning Star candlestick pattern is a 3-candle bullish reversal pattern that appears after a downtrend. It signals that selling pressure is fading and buyers are starting to take control.
👉 This pattern … Read the rest
