Dual Candlestick Patterns

What could be better than a single candlestick pattern？

DUAL candlestick designs!

To recognize multiple Japanese candlestick patterns, search for certain formations that include TWO candlesticks in total.

Engulfing Candles

Engulfing candles are classified into two types: bullish and bearish.

The Bullish Engulfing pattern is a two-candlestick measure of volatility that suggests the prospect of a significant uptrend.

This happens when a bearish candle is swiftly followed by a larger bullish candle.

The second candle “engulfs” the bearish candle. This suggests that buyers are flexing their buying muscles, and that a large rise following a recent collapse or period of stabilisation is probable.

In contrast, the Bearish Engulfing pattern is the opposite of the bullish pattern.

A candlestick formation of this type is generated when a bearish candle is quickly followed by a bullish candle that totally “engulfs” it.

This indicates that the sellers outweighed the buyers and that a significant decline is possible.

Tweezer Bottoms and Tops

Candlestick inversion patterns include tweezer formations and candlestick reversal patterns.

This type of candlestick pattern is sometimes observed longer - term effects upswing or slump, indicating that a reversal is coming.

Tweezer designs are classified into two types: Tweezer Bottom and Tweezer Top.

Take note of how the candlestick shape takes after a pair of tweezers!

Incredible!

Tweezers with the best performance have the following features:

The first candlestick corresponds to the overall trend. The first candle ought to be bullish if the price is rising.

The next candlestick is pointing in the opposite direction of the overall trend. If the price is increasing, the second candle should be bearish.

The candlestick shadows should be of comparable (or nearly equal) length.

Needlenose pliers Tops should get the same highs as Tweezer Bottoms, and vice versa.