The doji candlestick pattern stands out as a powerful technical analysis tool for forex traders seeking valuable insights into market trends and potential reversals. This useful single-candle ...

An evening star candlestick pattern. Source: Benzinga.com. Hanging Man A hanging man candle is a bearish reversal chart pattern that displays a long lower wick and a small body above it.

The candle is, as the name suggests, an inverted hammer. The candle has a long extended upper wick, a small real body with little or no lower wick.

For instance, a technical indicator like the relative strength index (RSI) and/or Bollinger Bands can give more weight to what the Doji pattern suggests. Related: ...

When conducting technical analysis, it's often advisable to use more than one signal, pattern or indicator to inform your trades. The markets don't always follow chart patterns, and every potential ...