A candlestick is an indicator that shows the open, high, low and closing prices of the financial market on the trading chart. Candlestick is invented by Steve Nison. Think of candlestick analysis as a visual representation of the market’s heartbeat on your trading chart. It allows you to easily pinpoint the closing price of a … Read more
Introduction Hammer is a candlestick Pattern in which a small body forms at the upper end of the candlestick’s range with a long lower shadow/wick at least three times the length of the body. It is a bullish reversal candlestick pattern. After the formation of the hammer candlestick at the end of the downtrend, the … Read more
Definition Doji is a candlestick pattern with the same opening and closing price on the chart. It represents the indecision in the market and sideways market conditions. When a doji candlestick forms on the chart, it confirms to the retail traders that the institutions and banks are making decisions. The number of buyers is equal … Read more
Introduction Shooter is a candlestick pattern in which a small body forms at the lower end of the candlestick’s range and a long upper shadow. The upper shadow should be at least three times the length of the body. It is a bearish reversal candlestick pattern that turns the bullish trend into bearish. In the … Read more