Candle stick pattern explain.

Name : Candle stick pattern explain.

Author : Arpit

Book Format : Paperback

Genre : Business & Economics

ISBN : CSP1234

Language : English

Pages : 51-100 Pages

Publish Year : 2023

Publisher : Arpit

Sub Genre : Business Analysis Books

Recognizing candlestick patterns in trading charts is a fundamental skill in technical analysis. These patterns provide insights into market sentiment and potential future price movements. Here's a brief description of some common candlestick patterns and their significance :  

1. Doji : A Doji has a small real body and indicates market indecision. It suggests a potential reversal or a pause in the trend.

2. Hanging Man : A Hanging Man is a bearish reversal pattern with a small real body and a long lower shadow. It indicates a potential trend change to the downside.

3. Inverted Hammer : An Inverted Hammer is a bullish reversal pattern with a small real body and a long upper shadow. It suggests a potential trend change to the upside.

4. Shooting Star : A Shooting Star is a bearish reversal pattern with a small real body and a long upper shadow. It signals a potential trend change to the downside.

5. Bullish Marubozu : A Bullish Marubozu is a long white candlestick with no or very small shadows. It indicates strong buying pressure and a potential uptrend continuation.

6. Bearish Marubozu : A Bearish Marubozu is a long black candlestick with no or very small shadows. It indicates strong selling pressure and a potential downtrend continuation.

7. Bullish Engulfing : The Bullish Engulfing pattern occurs when a white candle completely engulfs the previous black candle. It signals a pote

Country of Origin : India