The morning star is a reversal candlestick pattern that is formed in a downtrend and indicates a reversal from the current trend.
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Trading Articles
The engulfing bar is the easiest of all the forex chart patterns to identify; and, as such, if all engulfing bar characteristics are met, the trade will be successful, whether it is a reversal pattern or a continuation pattern.
The round bottom pattern is a long-term price formation sometimes seen on forex charts that helps technical analysts identify a major trend reversal to the upside.
The rectangle chart pattern is in the continuous pattern family of chart patterns and forms between resistance and support price consolidation lines in the middle of an upward or a downward trend.
The pennant continuation pattern is a short-term pattern which forms when the price action consolidates after a strong movement either upwards or downwards before continuing sharply in its original trend direction.
The double top is a technical analysis reversal chart pattern which occurs at price peaks or price troughs and indicates that a possible trend reversal will occur.
The head and shoulders is a technical analysis chart pattern that signals a possible reversal in the current price trend.
The triangle shape is a forex chart pattern which forms when there is a battle between buyers and sellers and one or the other is winning.