Search results
Results from the WOW.Com Content Network
Inverted Hammer A black or white candlestick in an upside-down hammer position. Considered a bearish pattern in an uptrend. In a downtrend, it indicates a buying pressure, followed by a selling pressure that was not strong enough to drive the market price down. The inverse hammer suggests that buyers will soon have control of the market.
When a stock drifts through the neckline on small volume, there may also be a wave up in some cases, although it has been observed that such a rally normally will not cross the general level of the neckline before selling pressure increases and a steep decline occurs, after which prices may due to greater volume.
On the Japanese candlestick chart, a window is interpreted as a gap. Gaps are spaces on a chart that emerge when the price of the financial instrument significantly changes with little or no trading in between. In an upward trend, a gap is produced when the highest price of one day is lower than the lowest price of the following day. Conversely ...
In technical analysis, a candlestick pattern is a movement in prices shown graphically on a candlestick chart that some believe can predict a particular market movement. The recognition of the pattern is subjective and programs that are used for charting have to rely on predefined rules to match the pattern.
Japanese candlestick patterns involve patterns of a few days that are within an uptrend or downtrend. Caginalp and Laurent [ 59 ] were the first to perform a successful large scale test of patterns. A mathematically precise set of criteria were tested by first using a definition of a short-term trend by smoothing the data and allowing for one ...
Pages in category "Candlestick patterns" The following 9 pages are in this category, out of 9 total. This list may not reflect recent changes. C. Candlestick pattern; D.
The flag and pennant patterns are commonly found patterns in the price charts of financially traded assets (stocks, bonds, futures, etc.). [1] The patterns are characterized by a clear direction of the price trend, followed by a consolidation and rangebound movement, which is then followed by a resumption of the trend. [2]
A candlestick chart of the Euro against the USD, marked up by a price action trader. A price action trader's analysis may start with classical price action technical analysis, e.g. Edwards and Magee patterns including trend lines, break-outs and pullbacks, [13] which are broken down further and supplemented with extra bar-by-bar analysis, sometimes including volume.