Community Forex Questions
What is stick sandwich pattern?
A bearish stick sandwich will have long green candlesticks on the outside and a shorter red candlestick on the inside, both of which will be completely encircled by the long green candlesticks. A bullish stick sandwich looks similar to a bearish sandwich, but it has the opposite hue and trading patterns. Traders frequently use the closing values of the third candlestick to determine whether to place bullish or bearish bets.
The Stick Sandwich is a rare three-candle candlestick pattern that signals a possible reversal in trend direction. It is characterized by a bearish candlestick followed by a bullish candlestick, followed by another bearish candlestick. The middle candlestick is typically smaller than the other two candlesticks, giving the pattern its name.
Identifying the Stick Sandwich Pattern:
1. First Candlestick: Bearish
2. Middle Candlestick: Bullish
3. Third Candlestick: Bearish
Implications of the Stick Sandwich Pattern:
The Stick Sandwich pattern suggests that the bears are losing control, and a bullish reversal may be imminent. However, it is important to note that no candlestick pattern is foolproof, and the Stick Sandwich pattern should always be used in conjunction with other technical indicators.
Identifying the Stick Sandwich Pattern:
1. First Candlestick: Bearish
2. Middle Candlestick: Bullish
3. Third Candlestick: Bearish
Implications of the Stick Sandwich Pattern:
The Stick Sandwich pattern suggests that the bears are losing control, and a bullish reversal may be imminent. However, it is important to note that no candlestick pattern is foolproof, and the Stick Sandwich pattern should always be used in conjunction with other technical indicators.
Aug 11, 2022 12:22