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Found 5 results

  1. A marubozo candle has no shadows. They are significant indicators that a big move in the direction of the candles colour is imminent.
  2. It is identified when a candlestick has a lower high and a higher low than the previous day. The hook reversal resembles the harami with the exception that the distance between the open and close prices of the two candles is smaller than what is seen in a harami. The outcomes are the same: occurring at the end of a trend, the hook is a reversal pattern.
  3. The Hikkake candlestick pattern is a complex pattern which is essentially an inside day formation whose movement has failed. The Hikkake is a break of the low of the Day 1 candle (bearish Hikkake) or a break of the high of the Day 1 candle (bullish Hikkake).It is also known as a one day false breakout where a security’s price crosses a resistance level and then re-crosses the level back to where it was before the move and depending on the direction of the breakout,
  4. Heiken-ashi, the Japanese term for “average bar”, is a charting technique that is used to better visualize price trends by eliminating irregularities. This is achieved by recalculating the candlesticks using a modified formula to create an average for the open, close, high and low of the day.
  5. Hello everyone, I have seen a lot of places state how certain candle stick formations such as a Marubozu or a hammer have a probability of being a reversal and even sites like thepatternsite.com has probabilities of each type of candle and its likelihood of a reversal or a big move, but I can not find any information on the internet about how to work out these probabilities myself. I was thinking of doing it in matlab but I was wondering if that was the best way to do it, is there any other ways that would be better or faster? If someone out there has all the data that I could see, that would be really interesting. I look forward to hearing your replies, Best regards, Vig
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