The long-legged doji is a candlestick that consists of long upper and lower shadows and has approximately the same opening and closing
Category Archives: Candlesticks
Gravestone Doji Candlestick Definition and Tactics
What is Gravestone Doji Candlestick? Gravestone Doji is a type of candlestick where the open close and low price are same or very very close to each other. There is always a long wick associated with Gravestone Doji candle and it looks like inverted “T” . Underlying Psychology of Gravestone Doji This means that, thereContinue reading “Gravestone Doji Candlestick Definition and Tactics”
White Opening Marubozu Candlestick Definition and Tactics
The white opening marubozu is a single candlestick pattern with a long white body, an upper shadow and the lack of lower shadow. The day opens and prices rise above the opening price.
Dragonfly Doji Candlestick Definition and Tactics
What is a Dragonfly Doji Candlestick? Dragonfly Doji is a type of candlestick where the open close and high price are same or very very close to each other. There is always a long tail associated with Dragonfly Doji candle and hence the name. Underlying Psychology of the Dragonfly Doji This means that, there wereContinue reading “Dragonfly Doji Candlestick Definition and Tactics”
Black Opening Marubozu Candlestick Definition and Tactics
A Black Opening Marubozu indicates that the sellers controlled the price action from the first trade to the last trade. The day opens and prices continue to go …
Black Closing Marubozu
In case of Black Closing Marubozu,the close price is the lowest price of that underlying stock for that session,however open price is not the highest price. This means that, there were many market participants ready to sell the underlying stock at any price during the session and due to this high supply the price keptContinue reading “Black Closing Marubozu”
White Closing Marubozu
In case of white closing Marubozu,the close price is the highest price of that underlying stock for that session,however open price is not the lowest price. This means that, there were many market participants ready to buy the underlying stock at any price during the session and due to this high demand the price keptContinue reading “White Closing Marubozu”
Bearish Marubozu
In case of bearish Marubozu,the open price is the highest price and close price is the lowest price of that underlying stock for that session. This means that , there were many market participants ready to sell the underlying stock at any price during the session and due to this heavy selling ,price kept onContinue reading “Bearish Marubozu”
Bullish Marubozu
In case of bullish Marubozu,the open price is the lowest price and close price is the highest price of that underlying stock for that session. This means that, there were many market participants ready to buy the underlying stock at any price during the session and due to this high demand the price kept onContinue reading “Bullish Marubozu”
Candlestick Patterns
Candlestick patterns are very popular tool in trading, and because of their catchy names and easily recognizable shapes, they are one of the most powerful tools a trader can use. Being said that, It doesn’t mean that once you understand candlestick patterns,you will never loose any of your trade ever again. Please note that thereContinue reading “Candlestick Patterns”
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