#Educational
What is a #Doji Candlestick ?
A #Doji candlestick is a type of chart pattern that is commonly used in technical analysis for trading. It is formed when the opening and closing prices of an #asset are virtually equal, resulting in a small body with long upper and lower shadows.
The #Doji candlestick is considered a reversal pattern, indicating a possible change in the direction of the trend. If it appears after an #uptrend, it may indicate a potential #reversal to a downtrend. Conversely, if it appears after a #downtrend, it may indicate a potential reversal to an #Trading uptrend.
The #Doji candlestick can provide important information about market sentiment, as it shows that neither buyers nor sellers were able to gain control during the period represented by the #candlestick. This can suggest that the market is undecided or that there is a lack of conviction among traders, potentially leading to a change in direction.
What is a #Doji Candlestick ?
A #Doji candlestick is a type of chart pattern that is commonly used in technical analysis for trading. It is formed when the opening and closing prices of an #asset are virtually equal, resulting in a small body with long upper and lower shadows.
The #Doji candlestick is considered a reversal pattern, indicating a possible change in the direction of the trend. If it appears after an #uptrend, it may indicate a potential #reversal to a downtrend. Conversely, if it appears after a #downtrend, it may indicate a potential reversal to an #Trading uptrend.
The #Doji candlestick can provide important information about market sentiment, as it shows that neither buyers nor sellers were able to gain control during the period represented by the #candlestick. This can suggest that the market is undecided or that there is a lack of conviction among traders, potentially leading to a change in direction.
#Educational
What is Engulfing Candlestick Pattern ?
#Engulfing candlestick pattern is a popular candlestick pattern used in technical analysis to indicate a potential trend reversal or continuation. It is formed when a smaller candlestick is completely engulfed by the body of a larger #candlestick that follows it.
There are two types of Engulfing Candlestick patterns:
1. Bullish engulfing pattern: This pattern occurs when a small #bearish candlestick is followed by a larger #bullish candlestick, with the body of the latter completely covering or engulfing the body of the former. This pattern is usually seen as a bullish signal, indicating a potential reversal of a #downward trend.
2. Bearish engulfing pattern: This pattern occurs when a small #bullish candlestick is followed by a larger #bearish candlestick, with the body of the latter completely covering or engulfing the body of the former. This pattern is usually seen as a bearish signal, indicating a #potential reversal of an upward trend.
What is Engulfing Candlestick Pattern ?
#Engulfing candlestick pattern is a popular candlestick pattern used in technical analysis to indicate a potential trend reversal or continuation. It is formed when a smaller candlestick is completely engulfed by the body of a larger #candlestick that follows it.
There are two types of Engulfing Candlestick patterns:
1. Bullish engulfing pattern: This pattern occurs when a small #bearish candlestick is followed by a larger #bullish candlestick, with the body of the latter completely covering or engulfing the body of the former. This pattern is usually seen as a bullish signal, indicating a potential reversal of a #downward trend.
2. Bearish engulfing pattern: This pattern occurs when a small #bullish candlestick is followed by a larger #bearish candlestick, with the body of the latter completely covering or engulfing the body of the former. This pattern is usually seen as a bearish signal, indicating a #potential reversal of an upward trend.