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….
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 …
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 ..
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”