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3 Key Rules About Candle Sticks:: The Most Important Assumption of TA Is That History Repeats Itself
3 Key Rules About Candle Sticks:: The Most Important Assumption of TA Is That History Repeats Itself
3 Key Rules About Candle Sticks:: The Most Important Assumption of TA Is That History Repeats Itself
Marubozu can appear anywhere in the chart irrespective of the prior trend.
Marubozu is a candlestick with no upper and lower wick. It just has a body.
The bullish sentiment is very strong when a green marubozu is made.
Hence, this bullish sentiment will continue over the next few trading sessions.
Thus, a trader should look at buying opportunities with the occurrence of a bullish marubozu.
The buy price should be around the closing price of Marubozu.
The stop loss should be the low of Marubozu
The spinning top
Dojis are similar to spinning tops except that it does not have a real body in it (a wafer thin body is also considered as doji)
The open and close prices are equal
The upper andlower wicks can be of any length
It indicates indecision in a market just like spinning tops
A doji at the bottom or top of rally indicates that there is an equal chance of the market continuing its uptrend or reversa
body is also considered as doji)