
2023
Paperback
51-100 Pages
Business Analysis Books
Arpit
CSP1234
Business & Economics
Arpit
English
India
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
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