Sentences with phrase «small body candles»

The whole week saw small body candles and the price action stayed within just over a 3 point range, and ending within a fraction of the all - time high.

The SPY started the week with a small body candle moving up to the 50 day SMA.

The SPY started Tuesday just inching over the Friday all - time high close in a small body candle.

And Monday was not any different, another small body candle.

Not exact matches

The second candle can have a small bullish or bearish real body, or it can be a doji.

This pattern consists of a relatively large bearish candle, followed by a small real - bodied second candle that is either slightly bearish or a doji (since there are rarely gaps in Forex), and then a third candle who's real body pulls into and closes past, at least, the halfway point of the first candle's real body (see the image above).

The Pinocchio strategy is called such because it looks at candles which have small bodies and very large wicks; these are called Pinocchio or Pin Bars.

Towards midday, the market started to congest with small candle bodies.

Some key elements are: a prior bearish trend, little or no upper wick to the candle, and a small body at the top end of the hammer.

This shows on the candle as a small body and a long lower wick.