A bullish engulfing pattern is a candlestick pattern that forms when a small black candlestick is followed the next day by a large white candlestick, the body of which completely overlaps or engulfs the body of the previous day’s candlestick….
Category Archives: Trading
Black Spinning Top Candlestick Definition and Tactics
Spinning tops are a sign of indecision in the asset because the long upper and lower shadows didn’t result in a meaningful change in price …
White Spinning Top Candlestick Definition and Tactics
Sometimes spinning tops may signal a significant trend change. A spinning top that occurs at the top of an uptrend could be a sign that bulls are ..
Shooting Star Candlestick Definition and Tactics
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
Hanging Man Candlestick Definition and Tactics
A hanging man is a candlestick pattern that hints at the reversal of an uptrend, and is used by investors to make trading decisions.
Hammer Candlestick Definition and Tactics
This pattern forms a hammer-shaped candlestick, in which the lower shadow is at least twice the size of the real body.
Long Legged Doji Candlestick Definition and Tactics
The long-legged doji is a candlestick that consists of long upper and lower shadows and has approximately the same opening and closing
Gravestone Doji Candlestick Definition and Tactics
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”
White Opening Marubozu 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.
Dragonfly Doji Candlestick Definition and Tactics
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”
