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Showing posts from December, 2021

What is inverted hammer pattern

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The inverted hammer is a type of candlestick  found after a downtrend and is usually taken to a trend-reversal signal. The inverted hammer looks like an upside down version of the hammer candlestick pattern, and when it appears in an uptrend is called a shooting star.

What Is a Spinning Top Candlestick?

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What is spinning top candlesticks ? A spinning top is a candlestick pattern that has a short real body that's vertically centered between long upper and lower shadows.The candlestick pattern represents indecision about the future direction of the asset. It means that neither buyers nor sellers could gain the upper hand. That's a bearish candlestick pattern A candlestick pattern forms when the buyers push the price up during a given time period, and the sellers push the price down during the same time period, but ultimately the closing price ended up very close to the open. After a strong price advance or decline, spinning tops can signal a potential price reversal if the candle that follows confirms. A spinning top can have a close above or below the open, but the two prices are always close together. KEY TAKEAWAYS A spinning top is a candlestick pattern that has a short real body that's vertically centered between long upper and lower shadows. The real body should be small...

what is Hanging man candlestick pattern

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A hanging man is a type of bearish reversal pattern, made up of just one candle, found in an uptrend of financial assets. It has a long lower wick and a short body at the top of the candlestick with little or no upper wick. 

What is hammer candlestick pattern ?

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A hammer is a type of bullish reversal candlestick pattern. made up of just one candle.found in price charts. The candle looks like a hammer. as it has a long lower wick and a short body at the top of the candlestick with little or no upper wick. 

what is candlestick analysis

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A candlestick is a way of displaying information about an asset's price movement. Candlestick charts are one of the most popular components of technical analysis, enabling traders to interpret price information quickly and from just a few price bars.  Types of candles:  1. Hammer: 2. Piercing Pattern: 3. Bullish Engulfing: 4. The Morning Star: 5. Three White Soldiers: 6. White Marubozu: 7. Three Inside Up: 8. Bullish Harami: 9. Tweezer Bottom: 10. Inverted Hammer: 11. Three Outside Up: 12. On-Neck Pattern: 13. Bullish Counterattack- Bearish Candlestick Pattern: 14. Hanging man: 15. Dark cloud cover: 16. Bearish Engulfing: 17. The Evening Star: 18. Three Black Crows: 19. Black Marubozu: 20. Three Inside Down: 21. Bearish Harami: 22. Shooting Star: 23. Tweezer Top: 24. Three Outside Down: 25. Bearish Counterattack- Continuation Candlestick Patterns: 26. Doji: 27. Spinning Top: 28. Falling Three Methods: 29. Rising Three Methods: 30. Upside Tasuki Gap: 31. Downside Ta...

Best indicator for trading in stock market

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Best indicator for trading :  * MACD  * Parabolic SAR * Momentum * Bollinger Bands * Stochastic oscillator * Fibonacci retracement MACD:  "Moving average Convergence Divergence" The MACD turns two trend-following indicators, moving averages, into a momentum oscillator. MACD offers the best of both worlds: trend following and momentum. The MACD fluctuates above and below the zero line as the moving averages converge, cross and diverge. The MACD is all about the convergence and divergence of the two moving averages. The shorter moving average (12-day) is faster and responsible for most MACD movements. The longer moving average (26-day) is slower and less reactive to price changes in the underlying security. MACD is all about the convergence and divergence of the two moving averages. Signal line crossovers are the most common MACD signals. The signal line is a 9-day EMA of the MACD Line. As a moving average of the indicator, it trails the MACD and makes it easier...