Gordon Scott has been an active investor and technical analyst or 20+ years. He is a Chartered Market Technician (CMT). A piercing pattern is a two-day, candlestick price pattern that marks a ...

I recently showed you how you can use Japanese "candlestick" charts to detect real-time changes in the momentum of the market. Knowing how to read these charts is critical to making sure you're on the ...

Stock candlestick patterns provide valuable insights into a stock’s supply and demand dynamics, giving traders and investors a bird's-eye view of current market sentiment. Some traders may use ...

The Nifty 50 finally snapped a four-day losing streak as it recouped all morning losses and turned green in afternoon on April 19. More important is that the index has smartly defended the upward ...

The U.S. dollar index (DXY) daily chart reveals a clear bullish reversal signal last Friday, with a piercing pattern formed after bouncing strongly from support at 98.08, which also coincides with the ...