Finally, the closing price's relationship to the open determines whether the candlestick is bullish or bearish. If the price closes above the open price, the candlestick is bullish. On the other ...

signaling a short-term shift from bearish to bullish momentum that may itself mark a turning point. The hammer is a single bullish candlestick with a small real body near the top, a long lower ...

If it ends the day in a similar position, a bearish shooting star candlestick will be formed. Although the candlestick pattern shows sellers in charge near the end of the trading session ...

Following a false bull breakout on Monday, natural gas triggered a breakdown from a potentially bearish one-day shooting star candlestick pattern on Tuesday, but momentum subsequently died.

The appearance of the bearish candlestick while prices hover below key 50- and 100-day simple moving averages (SMA) may embolden sellers, potentially leading to deeper losses. Support (S ...