Opening Marubozu Candlestick’s body has no shadows extending from the open price end. It is considered a strong bullish or bearish signal and suggests that there was significant buying or selling pressure from the opening of the day and that the momentum is likely to continue in the same direction.… Read More »Opening Marubozu Candlestick
A bearish closing Marubozu is a candlestick chart pattern indicating that bears have full control of the market, with the stock opening near its high for the day and closing near its low with no upper wick. The main character is a Red body and does not have a shadow… Read More »Bearish Closing Marubozu
A Bullish Closing Marubozu is a candlestick pattern that signals strong bullish sentiment in the market. It is characterized by a long green or white body with no upper or lower shadow, indicating sustained buying pressure throughout the day. The main character is a green body with no shadow at… Read More »Bullish Closing Marubozu
Marubozu is a popular candlestick pattern used in technical analysis, characterized by a long body and no shadow or wick. A Marubozu is a Japanese term that means “bald” or “shaved head,” It describes a candlestick with no shadow or wick. There are two types of Marubozu candlestick patterns: bullish… Read More »Marubozu Candlestick Pattern
The Hanging Man is a bearish candlestick pattern commonly used in technical analysis to signal a potential trend reversal. It is formed when a small-bodied candlestick with a long lower shadow appears after an uptrend, indicating that sellers are beginning to outnumber buyers. You can identify the Hanging Man pattern… Read More »Hanging Man Candlestick Pattern
A piercing Pattern is formed by two candlesticks, typically found on a daily timeframe. The first candlestick is a long red or black candlestick, indicating a strong bearish sentiment in the market. The second candlestick opens lower than the first candlestick’s close but then closes more than halfway up the… Read More »Piercing Pattern candlestick pattern
A Long-legged Doji is a candlestick pattern that occurs when the opening and closing prices of an asset are close to each other. It showed volatility during the trading period, resulting in long upper and lower shadows. See the image of the candlestick has a small body with long upper… Read More »Long-legged doji
Dragonfly Doji Candlestick is a bullish reversal pattern when it appears at the bottom of a downtrend. It appears in stock charts and is used by technical analysts to predict future price movements. The Dragonfly Doji occurs when trading opens, trades lower, and then closes at the open price which… Read More »Dragonfly Doji Candlestick
The Gravestone Doji is a candlestick pattern that is typically considered bearish. It showed in uptrend and forms when the open, high, and close prices are all at or near the low of the day, with a long upper shadow. This indicates that there was significant selling pressure during the… Read More »Gravestone Doji bullish or bearish
The gravestone Doji candlestick is a variation of the Inverted Hammer. It is formed when a stock’s open, close, and low prices are all at the same level, resulting in a long upper shadow and no lower shadow. This pattern indicates indecision in the market and a potential reversal of… Read More »Gravestone Doji candlestick