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    Candlestick Science

    Uploaded by

    mkasimqureshi
    Candlestick patterns provide information about market sentiment and potential reversals. A long red candle with a lower shadow signals a potential bottom as buyers push the price back up, often indicating a bear market may be coming to an end. A very small red candle with a long lower shadow or a very small green candle with a long upper shadow suggests the market is oversold or overbought respectively and likely to reverse direction.

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    © All Rights Reserved
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    Candlestick Science

    Uploaded by

    mkasimqureshi
    248 views2 pages
    Candlestick patterns provide information about market sentiment and potential reversals. A long red candle with a lower shadow signals a potential bottom as buyers push the price back up, often indicating a bear market may be coming to an end. A very small red candle with a long lower shadow or a very small green candle with a long upper shadow suggests the market is oversold or overbought respectively and likely to reverse direction.

    Original Description:

    Candlestick Science for Stock Market

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    Candlestick patterns provide information about market sentiment and potential reversals. A long red candle with a lower shadow signals a potential bottom as buyers push the price back up, often indicating a bear market may be coming to an end. A very small red candle with a long lower shadow or a very small green candle with a long upper shadow suggests the market is oversold or overbought respectively and likely to reverse direction.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    248 views2 pages

    Candlestick Science

    Uploaded by

    mkasimqureshi
    Candlestick patterns provide information about market sentiment and potential reversals. A long red candle with a lower shadow signals a potential bottom as buyers push the price back up, often indicating a bear market may be coming to an end. A very small red candle with a long lower shadow or a very small green candle with a long upper shadow suggests the market is oversold or overbought respectively and likely to reverse direction.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    Candlestick Science:

    www.getwsodo.com
    www.getwsodo.com
    Upper Shadow Upper Shadow

    High High

    Close Open

    Open Close

    Low Low

    Lower Shadow Lower Shadow

    -Green Upper Shadow comes down as people start selling.

    -Red Lower Shadow bounces back up as buyers start pushing price up.

    -Often times a Long Red Lower Shadow on a long red candle is a good time to
    buy as it often signals a bear market. This usually signals that the market will
    continue to go down. If there is lots of volume it will be good to buy at this
    point.

    -If a green candle is very small or tight it is not usually a good time to trade
    because there is not enough volatility (volume) to produce a good trade.
    -A long lower shadow on a very small or tight red candle often means it is
    www.getwsodo.com
    www.getwsodo.com
    oversold and it will bounce back up.

    -A long upper shadow on a very small or tight green candle often means it is
    overbought and will keep going down.

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