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A shooting star is a bearish candlestick with a long upper shadow, little or no lower shadow, and a small real body near the day’s low
A hanging man is a candlestick pattern that hints at the reversal of an uptrend, and is used by investors to make trading decisions.
This pattern forms a hammer-shaped candlestick, in which the lower shadow is at least twice the size of the real body.
The long-legged doji is a candlestick that consists of long upper and lower shadows and has approximately the same opening and closing
What is Gravestone Doji Candlestick? Gravestone Doji is a type of candlestick where the open close and low price are same or very very close to each other. There is always a long wick associated with Gravestone Doji candle and it looks like inverted “T” . Underlying Psychology of Gravestone Doji This means that, thereContinue reading “Gravestone Doji Candlestick Definition and Tactics”
The white opening marubozu is a single candlestick pattern with a long white body, an upper shadow and the lack of lower shadow. The day opens and prices rise above the opening price.
What is a Dragonfly Doji Candlestick? Dragonfly Doji is a type of candlestick where the open close and high price are same or very very close to each other. There is always a long tail associated with Dragonfly Doji candle and hence the name. Underlying Psychology of the Dragonfly Doji This means that, there wereContinue reading “Dragonfly Doji Candlestick Definition and Tactics”
A Black Opening Marubozu indicates that the sellers controlled the price action from the first trade to the last trade. The day opens and prices continue to go …
In case of Black Closing Marubozu,the close price is the lowest price of that underlying stock for that session,however open price is not the highest price. This means that, there were many market participants ready to sell the underlying stock at any price during the session and due to this high supply the price keptContinue reading “Black Closing Marubozu”