Sentences with phrase «bullish candle»
A "bullish candle" is a term used in financial markets to describe a type of candlestick chart pattern that indicates a rise in prices. It represents a period of time (such as a day or week) when the opening price of an asset is lower than the closing price. This suggests that buyers are more active, causing the price to go up and indicating positive sentiment in the market. Full definition
Pending orders for buy can be placed above the high of the previous bullish candle.
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# 2 Bullish Candle: The latest candlestick pattern in the daily chart is a hammer.
A flip zone support level Bullish candle action daily RSI in oversold daily RSI crossing 50 line on 4 hr pos diverging rounded bottom
RSI and a bullish candle confirmed price reversal.
We can use a breakout signal and pending orders placing above the bullish candle in order to catch possible price movement on time.
The traditional bearish harami candlestick pattern starts with a relatively large bullish candle, followed by a relatively small candlestick that can be bearish or bullish, with a real body that can open and close anywhere within the range of the previous bullish candle's real body (see the image below).
On a close of a bullish candle after a pullback in an uptrend, or on a close of a bearish candle after a rally in a downtrend?
In other markets, the bullish candle should open below the preceding bearish candle (as seen above under Non-Forex Piercing Pattern).
In Forex, the bullish candle should open near the close of the preceding bearish candle; there are rarely gaps in Forex, because of the extreme liquidity of the market.
In the Forex market, however, the 2nd candle in the pattern will almost always open near the close of the 1st candle, and will always be a bullish candle (because another bearish candle would mean no inside bar).
What i mean is that must a bearish candle be black and must a bullish candle be white?
If a bullish candle opens and closes above the lime colored line of Buzzer (40) custom indicator, price is said to be bullish.
If the red EMA (14) line crosses the blue EMA (24) upwards and a bullish candle closes above the lines, it means we're in for a bulls market.
If a bullish candle closes above the red EMA (14) and blue EMA (24) lines, it is a nod for an exit or take profit.
When the Red Alligator line crosses over the blue Alligator line upward and a bullish candle opens and closes above the Gator lips i.e. the green Alligator line.
In some frequently gaping markets, you may encounter cases in which a bullish candle engulfs another bullish candle.
You would need to wait for a bullish candle that closes near the top of its range for a proper bullish confirmation.
Note: Some traders consider a bearish engulfing pattern to be one in which the total range (high to low) of the bearish candle also engulfs the total range of the previous, bullish candle.
If a bullish candle opens and closes above the red line of the Buysellarrowscalper custom indicator, it is an exit or take profit signal.