Suppose a red (lower prices), fat (high volume) marubozu candlestick with a long bottom wick (movement away from the lowest price) and no top wick (closes at its high) appears after several downtrend days. In that case, technicians might predict a price reversal following panic selling. ...
Suppose a red (lower prices), fat (high volume) marubozu candlestick with a long bottom wick (movement away from the lowest price) and no top wick (closes at its high) appears after several downtrend days. In that case, technicians might predict a price reversal following panic selling. ...
4 simple steps to learn trading Forex Trading Books Forex & CFD Trading Tutorials Library Forex & CFD Video Tutorials Video Tutorials for Beginners and for working with Trading Platforms (MT4, MT5, NTTX) Trader's Glossary Trading Terminology: Glossary of Forex and CFD Terms...
Short & Long positions refer to selling or buying. When you sell you are entering a short position. When you buy you are entering a long position. Bear & Bull market refers to whether the market trend is convincingly up or down. In a bear market prices are falling whereas in a bull ...
For those who have a more residential focus, a strong relationship with current and past customers is vital to attracting new business. It is important to point out the quality of work you have done on previous projects, as this can be a very effective selling tool. Encourage your past clie...
One of the tell-tale signs is a long wick that reaches into an area where stops are likely to be: above or below double tops and bottoms, in an area of support or resistance, around trendlines, etc.Do Forex brokers hunt stops?
I considered the long wick up so did not think about divergence, so I was expecting to have HH and LL until a retest at 1.422 or so, which is a major resistance... The GU spike happened in front of my eye (Luxury of WFH with additional screens, hah) and only took 20 mins or...
In an uptrend, aswing highis the wick of a candle that is higher than the wick of the candle to the left and right. In a downtrend, aswing lowis the wick of a candle that is lower than the wick of the candle to the left and right. ...
Heed The Wick – USD Done Short USD at will, or if more responsible…..wait for a daily “swing high” where you see a candle such as this followed by a daily candle that closes LOWER. Then short BELOW that low. Please Read: I’ve highlighted the significant bits. ...
The Bear Pennant pattern is a technical analysis pattern that appears in a downtrend and signals a continuation of the existing trend. It consists of a small-bodied candle with a long wick at the bottom. This is followed by consolidation, which forms a pennant pattern. The breakout of the ...