Tags |
|
|
Links |
|
|
Digg it UP - Candlestick Patterns Part 1
I just got off the phone with a friend of mine. Business is up he said, but he didn't know why. I asked him a few questions, but more we spoke about it the more concerned I became."What do you mean, you don't know why they're buying?""We never know why they buy," he told me."Never?""Nope. They just do."My friend thinks he knows what is great about his product. They believe they understand it's applications, they just don't understand what drives sales.And there's something else - it has to do with pricing and pro
The Gravestone Doji
The Gravestone Doji is basically the opposite of the Dragonfly. It consists of an open and close at exactly the same price with a long upper shadow. The shadow shows that strong selling reversed the early buying of the p
Generally, the ambient light available in a convention center is barely adequate for setting up, let alone creating any sense of style. Beyond the obvious advantage of allowing visitors to actually READ, proper lighting attracts visitors, directs their attention, promotes visual tension and adds an element of drama and elegance to your booth design.Good lighting commands attention. A well-lit booth is visible from a distance - and long before its dreary neighbors are noticed at all. Lighting also directs a visitor's attention to specific element
Candlesticks aren’t just a pretty face. Sure you can fill them with bright colours and make your chart look like a Christmas tree, but they were designed to have much more substance than that. The following article will introduce some of the more basic and familiar patterns you are likely to come across during your everyday trading.
The Doji
A Doji is formed when the open and close of the candle are either very close or exactly the same. This indicates that the bulls and bears are conflicting and neither can gain the upper hand. The length of the shadows/wick/tails are not important but the longer they are the more volatility and indecision.
If a Doji appears after a long hollow or long filled Candle it is said to offer an indication that a trend may be about to come to an end, however further confirmation is needed.
The Dragonfly Doji
The Dragonfly is formed when the open and close are equal but a low has created a long tail. This is caused when strong selling pressure forces the market lower straight from the open but is fully reversed by the bulls.
Depending on where this Candlestick appears it can mean a potential reversal for both bulls and bears. If after a down trend or long filled (bear) candle it can indicate a potential reversal with buyers flocking into the market. The low of the tail will indicate strong support and the greater the volume the more significant the formation.
If a Dragonfly appears at the top of a strong up trend or after a large hollow (bull) candle it can signify the revival of some strong selling pressure with further selling still possible.
The Gravestone Doji
The Gravestone Doji is basically the opposite of the Dragonfly. It consists of an open and close at exactly the same price with a long upper shadow. The shadow shows that strong selling reversed the early buying of the p
The conventional employee mindset could be holding you back, keeping you from climbing the ladder as fast as you could with a different outlook.If you’re like most employees, you think of yourself as a pawn. You think it is up to ‘’them’’ to promote you. Being honest, you don’t want to ingratiate yourself with your boss, flatter him or butter him up. You might also hate selling yourself if that means talking a lot about how great you are. So, you keep your head down and work hard, waiting for your boss to come along and tap you on the shoulder. Wh
If a Doji appears after a long hollow or long filled Candle it is said to offer an indication that a trend may be about to come to an end, however further confirmation is needed.
The Dragonfly Doji
The Dragonfly is formed when the open and close are equal but a low has created a long tail. This is caused when strong selling pressure forces the market lower straight from the open but is fully reversed by the bulls.
Depending on where this Candlestick appears it can mean a potential reversal for both bulls and bears. If after a down trend or long filled (bear) candle it can indicate a potential reversal with buyers flocking into the market. The low of the tail will indicate strong support and the greater the volume the more significant the formation.
If a Dragonfly appears at the top of a strong up trend or after a large hollow (bull) candle it can signify the revival of some strong selling pressure with further selling still possible.
The Gravestone Doji
The Gravestone Doji is basically the opposite of the Dragonfly. It consists of an open and close at exactly the same price with a long upper shadow. The shadow shows that strong selling reversed the early buying of the p
While few companies can boast as we do that our first ten clients are still with us today, many companies often change Web design firms to get a new perspective on how their Web presence could look and perform. The following paragraphs serve as a Buyer’s Guide to use when shopping for a new Web design company.First, determine what exactly you’re shopping for. Is your Web site down a lot? Do you frequently have email problems? This may or may not be your Web site designer’s problem. Many design firms outsource their Web site hosting operations and
The Dragonfly Doji
The Dragonfly is formed when the open and close are equal but a low has created a long tail. This is caused when strong selling pressure forces the market lower straight from the open but is fully reversed by the bulls.
Depending on where this Candlestick appears it can mean a potential reversal for both bulls and bears. If after a down trend or long filled (bear) candle it can indicate a potential reversal with buyers flocking into the market. The low of the tail will indicate strong support and the greater the volume the more significant the formation.
If a Dragonfly appears at the top of a strong up trend or after a large hollow (bull) candle it can signify the revival of some strong selling pressure with further selling still possible.
The Gravestone Doji
The Gravestone Doji is basically the opposite of the Dragonfly. It consists of an open and close at exactly the same price with a long upper shadow. The shadow shows that strong selling reversed the early buying of the p
Are you a James Bond movies fan? If not I need to add some a few more words. “From Russia with Love ” is one of the popular Bond movies starring Sean Connery. His has been sent to a secret mission in Turkey in this episode.But this article is not about James Bond and spy movies. It is about spamming.Russian SPAM has become one of the most dangerous ones flooding your e-mail box. From ordinary advertising to different virus definitions it harms everyones mailbox and takes a lot of your time and ISP’s resources.“Our business email addr
If a Dragonfly appears at the top of a strong up trend or after a large hollow (bull) candle it can signify the revival of some strong selling pressure with further selling still possible.
The Gravestone Doji
The Gravestone Doji is basically the opposite of the Dragonfly. It consists of an open and close at exactly the same price with a long upper shadow. The shadow shows that strong selling reversed the early buying of the p
Happiness is the state of consciousness which proceeds from the achievement of one's values. - Ayn RandHow many people do you know go to work and become someone they do not want to be? Either they are selling a product or service they don’t believe in, reaching for a bottom line that has no meaning for them, or are simply plugging along because it is what they have always done but their work represents nothing of their authentic self.I recently worked with a client who felt like every time she walked in her office she had to become
The Gravestone Doji
The Gravestone Doji is basically the opposite of the Dragonfly. It consists of an open and close at exactly the same price with a long upper shadow. The shadow shows that strong selling reversed the early buying of the period.
If a Gravestone is found at the top of an up trend or after a long bull bar it is said to represent a potential reversal signal. The top of the shadow represents significant resistance. After a long bearish bar or during a downtrend it can signify the presence of bulls that may prompt some buying pressure.
The Hammer and The Hanging Man
The Hammer and the Hanging man are exactly the same in appearance but take their names from where they appear on the chart. Both candles have small bodies (filled or hollow) with long lower shadows. The upper shadows are tiny, if they exist at all.
The Hammer is a bullish reversal pattern and occurs after a downtrend or after a long filled candle. The long lower shadow shows sellers taking the market to new lows before a strong bull reversal. The low of the candle is seen as a support zone. The strength of this support can often depend on the amount of volume i.e. the greater the volume the stronger the support. You may wish to split the candlestick into several smaller time frame candles to get a better idea of where the greatest volume was present, i.e. the ascent or decent.
The Hanging man also represents a reversal pattern but this reversal is bearish. It takes its name from the resemblance of a man hanging from the top of an up trend. The theory is that bears have returned to the market after an up move. Although they were unable to force the bulls out of the market completely (hence the lower shadow), unless the market can break its recent high
HTTP = HTML link (for blogs, profiles,phorums):
<a href="http://www.diggitup.net/article/95131/diggitup-Candlestick-Patterns-Part-1.html">Candlestick Patterns Part 1</a>
BB link (for phorums):
[url=http://www.diggitup.net/article/95131/diggitup-Candlestick-Patterns-Part-1.html]Candlestick Patterns Part 1[/url]
Related Articles:
Bookmark it:
|