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Showing posts from April, 2017
Candle Stick Tutorials 2
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Doji Description Doji patterns are simply crosses signifying market indecision. These neutral patterns form when an open and close are equal, indicating a virtual standoff between bearish and bullish sentiment in the market. It is the length of the upper and lower shadows that create different possible signals. Also, the significance of a doji signal depends on where it appears in a trend. In an uptrend, a doji communicates that buying pressure is weakening. After a downtrend, a doji communicates that selling pressure is weakening. Further confirmation is needed to be sure that a reversal is imminent. Market Opinion Neutral. Pattern
Candle Stick Tutorials
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Two Crows Description This is a reversal pattern. The market has been going up. There is a long white candlestick the first day, a black candlestick gapping up the second day, and a long black candlestick the third day that opens within the second day and closes down within the white candlestick of the first day. Market Opinion Bearish. Pattern