Indicators and patterns
12/19/2024
Indicators and patterns
1. Closing Marubozu: This is a candlestick pattern where the candle has a long body with little to no wicks or shadows on either end. In this case, it is a bullish signal indicating strong buying pressure throughout the trading session.2. Engulfing Pattern: This is a two-candlestick pattern where the second candle completely engulfs the body of the first candle. In this context, it is a bullish signal suggesting a potential reversal from a downtrend to an uptrend.
3. Long Line Candle: This is a candlestick pattern with a long body and little to no wicks or shadows. It signifies strong buying or selling pressure depending on the color of the candle. In this scenario, it is a bullish signal indicating strong buying activity.
4. STOCHRSI_fastk_indicator: This is a technical indicator that combines the Stochastic Oscillator and the Relative Strength Index (RSI). A bearish signal occurs when the fast %K line crosses below the slow %D line, suggesting potential selling pressure. In this case, it is signaling a sell opportunity.
This is not investment advice. Remember to verify the information provided here.
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