Sentences with phrase «bullish reversal candlestick»

This is a bullish reversal candlestick.

The other benefit of a stock that gaps down, but closes with a bullish reversal candlestick, is that it makes it easier for us to clearly define our stop price just below the low of the reversal bar.

This resulted in the formation of a bullish reversal candlestick, which is shown on the daily chart below:

That price action caused a bullish reversal candlestick to form on the weekly chart (highlighted in yellow), and volume ticked higher as well.

Rather, we must now wait for the formation of a bullish reversal candlestick within the next several days, then look to buy TMF above the previous day's high, which would confirm the pullback off the highs has ended, and TMF is likely to resume its bullish trend reversal.

Furthermore, both the small - cap Russell 2000 and NASDAQ Composite printed bullish reversal candlesticks on higher volume yesterday.

Turnover dried up throughout the first three weeks of the six - week consolidation, then began expanding as the bullish reversal candlesticks formed over the past two weeks.

Not exact matches

Furthermore, the «hammer» candlestick pattern that formed when on October 22 was slightly encouraging because a bullish reversal bar that coincides with an «undercut» of an obvious support level often precedes a rally.

A true morning star candlestick pattern is a bullish reversal signal, and therefore, only occurs after an established downtrend in price.

The bullish harami candlestick pattern is, as mentioned earlier, a moderately strong bullish reversal signal.

The bearish and bullish engulfing patterns are considered fairly strong candlestick reversal signals.

Like many of these candlestick reversal signals, trading the bullish engulfing candlestick pattern is usually more effective, or at least a higher probability trade, when it follows a sharp decline in price.

The inverted hammer candlestick pattern is a weak bullish reversal signal.

You might also notice that this reversal was so strong that it blew right past the bullish engulfing pattern that formed eight candlesticks later.

If a blue upward pointing arrow pops up below the candlesticks during a sell alert (see Fig. 1.1), it is indicative of a bullish reversal, hence, an exit or take profit stance is advised.