Candle-stick-Pattern

Spinning Top (The Spinning Top) The spinning top is a very interesting candlestick. It does not give the trader the right signal to enter and  exit the market like Marubozu, but spinning top gives very important information about the current state of the market, based on this information, it becomes easier for the trader to make his position in the market. The candle of the spinning top is shown below, look carefully at it and tell what you see special in it. You will see that The real body in  these candles is quite small. You will also see that the upper and lower shadows are equal. What do you think would have happened in the market during the day that made the spinning top candle? The spinning top looks very simple, small real body candle, but in reality, there are signs of many events that happened during the day. Let's take a look at these events:     Small Real Body –  This shows that the open price and the close price are very close to each other. For ...

Candlestick patterns are used to predict the future direction of price movement. Discover 16 of the most common candlestick patterns and how you can use them to identify trading opportunities. ·            What is a candlestick? A candlestick is a way of displaying information about an asset’s price movement. Candlestick charts are one of the most popular components of technical analysis, enabling traders to interpret price information quickly and from just a few price bars. This article focuses on a daily chart, wherein each candlestick details a single day’s trading. It has three basic features: ·           The body,   which represents the open-to-close range ·          The wick , or shadow, that indicates the intra-day high and low ·          The colour , which reveals the direction of market move...