Day: April 5, 2009

Japanese Candlestick Patterns

Many traders ask me for the detailed descriptions of the Japanese candlestick patterns that are detected by the MT4 indicator Pattern Recognition Master. So, here is the list of the patterns that it can recognize with the corresponding chart pictures and signal descriptions: Bearish patterns Shooting star. Can signal an end of the bullish trend. Should be confirmed by other patterns. The longer the shadow the stronger the signal.   Evening star. Acts as a stronger trend reversal signal. Note that […]