Often, it signals a bullish reversal but it highly depends on the price movement after the pattern formation. The fourth candle is used to confirm the price direction following the pattern.
The color of the candlestick's body indicates whether the security is bullish or bearish. A white or green body is usually used to represent a security that closed at a higher price than it opened ...
The bullish Homing Pigeon candlestick pattern is a type of candlestick chart. This article details the bullish homing pigeon meaning followed by its formation and some examples for your better ...
We’ll cover both bullish and bearish formations to equip you with the knowledge to make informed trading decisions. Dive in to learn how to leverage candlestick analysis in your crypto trading ...