1. The engulfing bar candlestick pattern The Engulfing bar candlestick pattern is characterized by a candle that fully engulfs the previous one. This pattern can sometimes engulf more than one prior candle, but it must completely consume at least one to be considered an engulfing bar. Reason: Importance of Engulfing Bars The bearish engulfing pattern, […]
What is a Candlestick?
What is a Candlestick? Japanese candlesticks are a popular tool in trading, formed using the open, high, low, and close prices of a chosen time frame. Bullish Candlesticks: When the close is above the open, the candlestick is considered bullish, indicating that the market is rising during this period. Bullish candlesticks are often displayed as […]
What Day Trading is Not?
What Day Trading is Not? Before we start, allow me to shatter a few day trading myths so that we can proceed with justified courage. 1.1.1 – Day trading is not a way to get rich quick. Sit in front of the computer and click a few buttons. Spend just two hours a day and […]
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