The fourth pair of the japanese candlestick patterns that require two separate candlesticks are composed of almost identical individual candlesticks, but have slightly different placement, and provide completely different indications. The inverted hammer and the shooting star are relatively easy to identify on a price chart, and in the appropriate context they can be used as trade entry and trade exit signals.

There are several news releases from each region (the US, Europe, and Asia) this week. The US has seven high volatility news releases, while Europe has five high volatility news releases, and Asia has two high volatility news releases. Markets from all three regions will probably experience some significant volatility and price movement throughout this week.

The US, European, and Asian news releases for this week are as follows (all times are Greenwich Mean Time, which is 1 hour behind Central European Time, and 5 hours ahead of US Eastern Time) :

US

• Monday : Retail Sales, and Manufacturing Index at 1:30 PM, Business Inventories at 3:00 PM, Central Bank News Conference at 5:15 PM, and FOMC News Conference at 11:15 PM
• Tuesday : FOMC News Conference at 10:30 AM, PPI at 1:30 PM, Long Term Purchases at 2:00 PM, Capacity Utilization Rate, and Industrial Production at 2:15 PM, FOMC News Conference at 3:15 PM, and Housing Market Index at 6:00 PM
• Wednesday : Building Permits, CPI, and Housing Starts at 1:30 PM, and Oil Inventories at 3:30 PM
• Thursday : Unemployment Claims at 1:30 PM, Manufacturing Index, and Leading Index at 3:00 PM, and Natural Gas Storage at 3:30 PM
• Friday : No News Releases

• This week's US news releases that should cause high volatility are shown in bold type. There are several US news releases this week, and seven high volatility news releases. The US markets will probably experience some significant volatility and price movement throughout this week.

Europe

• Monday : UK HPI at 12:01 AM, UK MPC News Conference at 8:15 AM, Germany Bundesbank News Conference at 8:50 AM, EU CPI at 10:00 AM, and UK MPC News Conference at 6:00 PM
• Tuesday : Switzerland Retail Sales at 8:15 AM, UK CPI, and RPI at 9:30 AM, EU Trade Balance at 10:00 AM, and UK Inflation at ??:?? ?? (Unknown Time)
• Wednesday : EU Central Bank News Conference at 8:40 AM, EU Current Account at 9:00 AM, UK MPC Meeting at 9:30 AM, and UK Industrial Order Expectations at 11:00 AM
• Thursday : Switzerland Trade Balance at 7:15 AM, Italy Trade Balance at 9:00 AM, UK MPC News Conference at 9:20 AM, UK Retail Sales, Public Sector Borrowing, and Money Supply at 9:30 AM, and EU Central Bank News Conference at 4:00 PM
• Friday : UK Financial Stability at ??:?? ?? (Unknown Time), Germany PPI at 7:00 AM, Germany Bundesbank News Conference at 8:00 AM, Switzerland Central Bank News Conference at 9:15 AM, and EU Central Bank News Conference at 10:30 AM

• This week's European news releases that should cause high volatility are shown in bold type. There are several  European news releases this week, and five high volatility news releases. The European markets will probably experience significant volatility and price movement throughout this week.

Asia

• Monday : Japan Central Bank News Conference at 12:30 AM, China Foreign Direct Investment at ??:?? ?? (Unknown Time), and Japan Industry Activity at 11:50 PM
• Tuesday : Australia Monetary Policy Meeting at 12:30 AM, and Australia Central Bank News Conference at 10:05 PM
• Wednesday : Australia Leading Index at 12:00 AM, and Australia Wage Price Index at 12:30 AM
• Thursday : Australia Central Bank Bulletin at 12:30 AM, Australia Central Bank News Conference at 1:00 AM, and Japan Industry Activity at 4:30 AM
• Friday : New Zealand Credit Card Spending at 2:00 AM, and Japan Monetary Policy, Overnight Call Rate, and Central Bank News Conference at ??:?? ?? (Unknown Time)

• This week's Asian news releases that should cause high volatility are shown in bold type. There are several Asian news releases this week, but only two high volatility news releases. However, the Asian markets will probably experience some significant volatility and price movement throughout this week.

The third pair of the japanese candlestick patterns that require two separate candlesticks to be explained are variations of the bullish and bearish harami, namely the bullish and bearish harami cross. The bullish harami cross and the bearish harami cross are based upon the same concept as the bullish and bearish harami patterns, but have a significant difference in their meaning and their appearance. The bullish and bearish harami cross patterns are relatively easy to identify on a price chart, but they can not really be used as trade entry and trade exit signals (at least not on their own).

There are only a few news releases from the US this week, but many news releases from Europe and Asia. The US has two high volatility news releases, while Europe has five high volatility news releases, and Asia has seven high volatility news releases. The US markets will probably experience their usual level of volatility and price movement, while the European and Asian markets will probably experience some significant volatility and price movement throughout this week.

The US, European, and Asian news releases for this week are as follows (all times are Greenwich Mean Time, which is now 1 hour behind Central European Time, and 5 hours ahead of US Eastern Time) :

US

• Monday : No News Releases
• Tuesday : FOMC News Conference at 2:15 PM, Economic Optimism at 3:00 PM, FOMC News Conference at 3:05 PM, Loan Survey at ??:?? ?? (Unknown Time), and FOMC News Conference at 8:30 PM
• Wednesday : No News Releases
• Thursday : Unemployment Claims at 1:30 PM, Oil Inventories at 4:00 PM, and Budget Balance at 7:00 PM
• Friday : Trade Balance, and Import Prices at 1:30 PM, Consumer Sentiment, and Inflation Expectations at 2:55 PM, Natural Gas Storage at 3:30 PM, and FOMC News Conference at 4:30 PM

• This week's US news releases that should cause high volatility are shown in bold type. There are only a few US news releases this week, and only two high volatility news releases. The US markets will probably experience their usual level of volatility and price movement throughout this week.

Europe

• Monday : Germany Trade Balance at 7:00 AM, EU Investor Confidence at 9:30 AM, and Germany Industrial Production at 11:00 AM
• Tuesday : UK Retail Sales, and House Price Balance at 12:01 AM, Germany CPI, and WPI at 7:00 AM, France Industrial Production at 7:45 AM, Italy Industrial Production at 9:00 AM, UK Trade Balance, and HPI at 9:30 AM, and Germany Economic Sentiment, EU Economic Sentiment, and UK Leading Index at 10:00 AM
• Wednesday : UK Claimant Count Change, Average Earnings Index, and Unemployment Rate at 9:30 AM, UK Central Bank News Conference, and Inflation Report at 10:30 AM, and Germany Bundesbank News Conference at 5:00 PM
• Thursday : EU Central Bank Bulletin at 9:00 AM, Switzerland Economic Expectations, and EU Industrial Production at 10:00 AM, Switzerland News Conference at 5:00 PM, and EU Central Bank News Conference at 7:00 PM
• Friday : UK Financial Stability Report at ??:?? ?? (Unknown Time), Germany GDP at 7:00 AM, France Non Farm Payrolls, and CPI at 7:45 AM, France GDP at 7:50 AM, Switzerland PPI at 8:15 AM, Italy GDP at 9:00 AM, EU GDP at 10:00 AM, and Germany Bundesbank News Conference at 1:15 PM

• This week's European news releases that should cause high volatility are shown in bold type. There are many European news releases this week, and five high volatility news releases. The European markets will probably experience some high volatility and significant price movement throughout this week.

Asia

• Monday : Australia Home Loans, and Job Advertisements at 12:30 AM, Australia Central Bank News Conference at 3:20 AM, and Japan Bank Lending, Current Account, and Money Stock at 11:50 PM
• Tuesday : Australia Business Confidence at 12:30 AM, China Money Supply, and New Yuan Loans at ??:?? ?? (Unknown Time), Japan Economy Watchers' Sentiment at 5:00 AM, Japan Machine Tool Orders at 6:00 AM, New Zealand Financial Stability Report at 8:00 PM, New Zealand FPI at 9:45 PM, Australia Consumer Sentiment at 11:30 PM, and Japan Machinery Orders at 11:50 PM
• Wednesday : China Industrial Production, CPI, Fixed Asset Investment, National Bureau of Statistics News Conference, PPI, and Retail Sales at 2:00 AM, China Trade Balance at ??:?? ?? (Unknown Time), New Zealand Manufacturing Index at 9:30 PM, New Zealand Retail Sales at 9:45 PM, and Japan CGPI at 11:50 PM
• Thursday : Australia Inflation Expectations at 12:00 AM, and Australia Employment Change, and Unemployment Rate at 12:30 AM
• Friday : China Foreign Direct Investment at ??:?? ?? (Unknown Time), Japan Industrial Production at 4:30 AM, and Japan Household Confidence at 5:00 AM

• This week's Asian news releases that should cause high volatility are shown in bold type. There are many Asian news releases this week, and seven high volatility news releases. The Asian markets will probably experience their usual high volatility and significant price movement throughout this week.