Saturday, 2 January 2021

SANDWICH CANDLESTICK PATTERN


✍The sandwich pattern formation on the chart can be bullish trend reversal or bearish also. It may act as trend continuation pattern in some cases. 

✍Sandwich pattern can form also at the top or bottom of the trend. This pattern indicates the stock is in the specific range for the time and breakout or breakdown can happen with the range.


✍As you can see in the above image the sandwich pattern can be more than three candles. The high and low the range specified in it. The trade has to taken on breakout or breakdown. 


✍The sandwich pattern forms in the trend can also act as a trend continuation pattern which can also be flag pattern in price movement. 

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