The bearish abandoned baby is an extremely rare Japanese candlestick pattern that suggests near-term volatility is ahead, according to a multiple-decade backtest. This pattern occurred only a few times in the stock market and did not occur in the crypto …
The advance block is a three-bar bearish reversal Japanese candlestick pattern. Traditional technical analysis believes this pattern suggests a trend reversal, but history shows that near-term volatility is more likely. I tested every candlestick pattern, and the data shows that …
Traders using technical analysis attempt to profit from supply and demand imbalances. Technicians use price and volume patterns to identify these potential imbalances to profit from them. Algorithmic chart pattern detection allows traders to scan more charts while eliminating bias. …