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What does 3 red candles mean?
There are three consecutive red candles with long bodies on three trading days. Candlestick charts show open, low, close and high prices of a trading day. This implies that the price of the security has remained within the low and high range of the day.
What does 3 bearish candles mean?
The three black crows candlestick pattern is considered a relatively reliable bearish reversal pattern. Consisting of three consecutive bearish candles at the end of a bullish trend, the three black crows signals a shift of control from the bulls to the bears. Moreover, what is white marubozu? A White Marubozu is a one day bullish indicator that moves upward and is considered very bullish. If a White Marubozu occurs at the end of an uptrend, a continuation is likely. If a White Marubozu occurs at the end of a downtrend, a reversal is likely.
What is Dragon Fly doji?
A Dragonfly Doji is a type of candlestick pattern that can signal a potential reversal in price to the downside or upside, depending on past price action. It's formed when the asset's high, open, and close prices are the same. Accordingly, what does bearish reversal mean? A bearish reversal occurs when a bullish market with an upward trend begins to move in the opposite direction.
What is a bearish candle?
A bearish engulfing pattern is a technical chart pattern that signals lower prices to come. The pattern consists of an up (white or green) candlestick followed by a large down (black or red) candlestick that eclipses or ""engulfs"" the smaller up candle. Is the moon card a yes or no? The Moon: Yes or N. The moon is a confusing card. This means there is a certain level of risk, a lack of information, or the presence of some deception in your situation. The presence of this card should serve as a warning that you should proceed with extreme caution in whatever you do.
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