The Major Signals Part :- 1Hello Everyone,
Before Starting we will Know about Opening and Closing Marubozu
So Lets Start
Opening and Closing Marubozu
An Opening Marubozu is a White Candle that has shadows only on its Closing Price and A Closing Marubozu is a Black Candle that has shadows only on its Closing Price, Remember they are not showing weakness that the stock is definitely will become down now it gives strength and immunity to the trend and shows the strength that the trend will continue and will remain for now.
Now Let's Move to the Main Topic
1. The Dojis
A Doji appears when Open and close are equal it happens in two cases
1. When first bears take the market down and then the bulls take the market up than the opening price and then bears take it again down till the opening price
2. When first bulls take the market up and then the bears take the market down than the opening price and then bulls take it again up till the opening price
Now dojis are also In many types like
1. Long-Legged Doji
2. Four Price Doji
3. Gravestone Doji
4. Dragonfly Doji
Important Notes
The bigger the series of Doji will be the stronger the trend would be
2. Bullish Engulfing
It is a two candles bullish reversal pattern and can be seen after a downtrend. The first candle is a small body and red in color and is followed by a second bullish candle with a green candle that completely engulfs the previous red candle.
3. Bearish Engulfing
It is a two candles bearish reversal pattern and can be seen after an uptrend. The first candle has a small body and is green in color and is followed by a second bearish candle with a red candle that completely engulfs the previous green candle.
4. Hammer
It is a type of candlestick that is formed when the price moves down after the open and then comes back to close above the low. This candlestick contains a small real body with a shadow at the low that is at least two times the body.
5. Hanging man
It is a bearish candlestick pattern that develops after an up move and looks exactly like a hammer. This candlestick pattern opens on the bullish side but then it becomes bear very dramatically. After the bear, the price goes and closes near the high of the candle and well off the lows.
(Remember this is not based on the color)
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