Flashcards
Candle Stick Training
Cards in this deck (11)
- 1—- bearish reversal pattern, which signals that a stock is nearing top of uptrend
**VERY POWERFUL** : SELL - 2—bullish reversal pattern, which signals that a stock is nearing bottom in a downtrend
**VERY POWERFUL** : BUY in opp.
- 3—Indicator: bullish run - downward trend indicating a bullish reversal, it is a hammer
- 4—Indicator: bearish run - upward trend indicating a bearish reversal, it is called the hanging man
- 5—Indicator: Morning star patterns can be used as a visual sign for the start of a trend reversal from bearish to bullish
- 6—The Evening Star pattern is a three-candle, bearish reversal candlestick pattern that appears at the top of an uptrend. It signals the slowing down of upward momentum before a bearish move lays the foundation for a new downtrend.
- 7—- gravestone doji is a bearish formation and its success rate is greatly increased when the candle forms at a market top.
- psychology behind the candle is that the bulls pushed the security up to a unsustainable level and the bears are able to sell the security down to its low by the end of the session. gravestone doji represents the gravestones of the bulls that have died defending their territory.
- 8—- A dragonfly doji can occur after a price rise or a price decline.
- wait for the confirmation candle before acting on the dragonfly doji.
- 9—represent indecision in market. open and close are close to identical.
- 10Support / Resistance Breakout what to look for?- Market has been ranging for 80 candles ore more
o Consolidation under support
- 20 MA Is support the buildup/consolidation price before breakout.
- Sign of strength: buyers willing to buy at higher prices. - 11—
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- GMAT Business Flashcards on Candle Stick Training , created by Majour Bey on 20/04/2021.
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- Majour Bey
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