Key Takeaways: Friday High/Low = Weekly Trend ClueFriday highs signal bullishness; lows suggest bearishness next week. 4-Week Breakout/Breakdown = Trend SignalBreaking 4-week high or low indicates strong move ahead. Rise-Correction Ratios Predict PullbacksPatterns like 5:3 or 9:5 hint at likely...
The Gravestone Doji is a candlestick pattern that shows the opening and closing of the candle at the low of the day and is quite bearish. It is typically seen at the end of an advance where the upper shadow...
Technical analysis is a method of analysis of financial instruments with the use of price data and statistical tools. It tries to determine the future trend and movement of the price with the help past market data. Just like fundamental...
A doji is a trading day where the opening and close of the trading session is close to each other. It forms when the open and close of the candle is virtually equal. The length of the upper wick and...
Key Takeaways: Marubozu is a single candlestick with no wicks or shadows, showing strong momentum in one direction A Bullish Marubozu opens at the low and closes at the high, signaling aggressive buying throughout the session A Bearish Marubozu opens...
