๐ง๐ฅ๐๐๐๐ก๐ ๐๐๐ก๐๐๐๐ฆ๐ง๐๐๐ ๐ฃ๐๐ง๐ง๐๐ฅ๐ก๐ฆ !๐
~๐ฐ ๐๐๐๐๐๐~๐งต
๐ฟ๐๐๐๐๐ ๐๐-๐๐ ๐๐๐ ๐๐๐๐ ๐๐ ๐๐๐ ๐๐๐ ๐๐๐๐ ๐๐๐๐๐ ๐ค
@ProdigalTrader @SouravSenguptaI @PAlearner @Puretechnicals9 @caniravkaria @MrigankPuri @nison_steve @chartmojo

๐ข๐ฝ๐ฒ๐ป: The opening price.
๐๐ถ๐ด๐ต: The highest price over a specific time period.
๐๐ผ๐: The lowest price over a specific time period.
๐๐น๐ผ๐๐ฒ: The closing price.
Hereโs an example:

๐๐๐๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐๐๐:

A Marubuzo indicates that there is so much buying/selling interest in a stock that the market participants were willing to buy/sell the stock at every price point during the day, so much so that the stock closed near its high/low point for the day.

This means the open and close prices are equal. Dojiโs provide crucial information about the market sentiments and is an important candlestick pattern.

The bullish hammer is a significant candlestick pattern that occurs at the bottom of the trend. A hammer consists of small real body at the upper end of the trading range with a long lower shadow. The longer the lower shadow the more bullish it is.

The shooting star is a top reversal pattern. A shooting star signals a market high. Since the shooting star is seen after a high, the pattern signals selling pressure.

๐ค๐๐ฒ๐๐๐ถ๐ผ๐ป ๐ญ: ๐ช๐ต๐ฒ๐ฟ๐ฒ ๐ฑ๐ถ๐ฑ ๐๐ต๐ฒ ๐ฝ๐ฟ๐ถ๐ฐ๐ฒ ๐ฐ๐น๐ผ๐๐ฒ ๐ฟ๐ฒ๐น๐ฎ๐๐ถ๐๐ฒ ๐๐ผ ๐๐ต๐ฒ ๐ฟ๐ฎ๐ป๐ด๐ฒ?
Well, if the price closed the near highs of the range, that tells you the buyers are in control. But, if the price closed near the lows of the range and shows rejection of higher prices, it shows that sellers are in control.
This question will help you determine if thereโs any
strength (or conviction) behind the move.
And, please point out if there is any mistake on my end. Would love to hear each and everyone's views.
If you liked reading this then please Re-Tweet the first tweet in this thread and follow @sarosij_ghosh for more stuff on trading & investing. ๐๐