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
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.
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”
Candlestick patterns are very popular tool in trading, and because of their catchy names and easily recognizable shapes, they are one of the most powerful tools a trader can use. Being said that, It doesn’t mean that once you understand candlestick patterns,you will never loose any of your trade ever again. Please note that thereContinue reading “Candlestick Patterns”
We might not believe it but Candlesticks have been around a lot longer than anything similar in the world. The Japanese were using charts in the 17th century to trade rice, whereas the people stated using charts for trading in US only around late 19th Century. Most of the credit for candlestick development andContinue reading “Introduction to Candlesticks”