What is Support? Support represents a low level to which a stock price reaches over time. Upon reaching support traders start buying that stock. Reaction of that buying causes a stock price to stop…
Tag: price action
Hammer candlestick pattern is a single candlestick pattern. In which body is shorter than the shadow or wick. Which can help in predicting market trend reversal. We will understand what are hammer candle stick…
The word Marubozu means “Bald” in Japanese.There are two types of marubozu – the bullish marubozu and the bearish marubozu. A Marubozu can appear anywhere in the chart irrespective of the prior trend. Marubozu…
Engulfing means one object “fully covered” by other object. Engulfing candle stick pattern is made of two candle sticks. One of them is fully covered by other. Bullish Engulfing The bullish engulfing pattern is…