Gordon Scott has been an active investor and technical analyst or 20+ years. He is a Chartered Market Technician (CMT). A piercing pattern is a two-day, candlestick price pattern that marks a ...

AMD shares fell again Thursday, a day after the chipmaker joined a sector-wide sell-off following news that the U.S. had imposed new licensing requirements on some AI chip exports to China. The stock ...

Boeing shares closed slightly lower on Tuesday to put an end to a five-day winning streak during which the stock gained 14%. Since forming a bullish piercing pattern earlier this month, the stock has ...

Stock candlestick patterns provide valuable insights into a stock’s supply and demand dynamics, giving traders and investors a bird's-eye view of current market sentiment. Some traders may use ...

I recently showed you how you can use Japanese "candlestick" charts to detect real-time changes in the momentum of the market. Knowing how to read these charts is critical to making sure you're on the ...

The U.S. dollar index (DXY) daily chart reveals a clear bullish reversal signal last Friday, with a piercing pattern formed after bouncing strongly from support at 98.08, which also coincides with the ...