Newest & Recent

Find the lastest update

Popular of the day

Most watched posts

Forex Glossary

A to Z Forex abbreviations

Daily Analysis

Industry Experts posts

Stick Sandwich

Stick Sandwich

A Stick Sandwich is a bearish candlestick pattern that is made up of three candles. The first candle is a bullish candle that forms a new high for the current trend. The second candle is a bearish candle that opens higher than the close of the first candle, but closes below the open of the first candle, creating a gap between the two candles. The third candle is a bullish candle that opens below the close of the second candle and closes above the open of the second candle, closing the gap and creating a "sandwich" between the first and third candles.
The Stick Sandwich pattern is considered to be a bearish reversal pattern, as it suggests that the bulls are losing control and the bears are starting to take over. Traders should look for other bearish signals or indicators to confirm the pattern, such as a breakdown of a key support level or a bearish trend in the indicators.
It's worth noting that the Stick Sandwich pattern can also appear in bullish trends and when it does, it is considered to be a bullish reversal pattern. In that case, the pattern suggests that bears are losing control and bulls are taking over. Traders should also look for other bullish signals or indicators to confirm the pattern, such as a breakout of a key resistance level or a bullish trend in the indicators.
Daily Analysis
Silver Price Forecast: XAG/USD Spikes -20-07-2023

Silver Price Forecast: XAG/USD Spikes -2...

WTI Maintains Position: $75.40 and Beyond- 20-07-2023.

WTI Maintains Position: $75.40 and Beyon...

Gold Price Outlook: XAU/USD Gap Filling-  20-07-2023

Gold Price Outlook: XAU/USD Gap Filling-...

DXY Reverses: US Dollar Retreats to 102.50 - 20-07-2023

DXY Reverses: US Dollar Retreats to 102....

USD/CHF at Risk: New Multi-Year Low Expected- 20-07-2023.

USD/CHF at Risk: New Multi-Year Low Expe...

Geo Politics
BRICS' Reserve Currency: A Rival to the Dollar's Dominance?

BRICS' Reserve Currency: A Rival to the ...

Russia begins Mobilization of its reserve force, is it immediate threat to Ukraine?

Russia begins Mobilization of its reserv...

;