Indicators and patterns
7/11/2024
Indicators and patterns
The indicators and signals are as follows:1. Belt-hold Line (Bearish) - This is a bearish candlestick pattern that suggests a potential downward trend. It is a single candle pattern where the opening price is the high (for a bearish belt-hold line) or the low (for a bullish belt-hold line) and the closing price is near the low (for a bearish belt-hold line) or the high (for a bullish belt-hold line) of the candle.
2. Long Line Candle (Bearish) - This is a bearish candlestick pattern that indicates a potential downward movement in the price. It is characterized by a long candle body with a small or non-existent wick, suggesting strong selling pressure.
3. STOCHRSI_fastk_indicator (Bullish) - This is a technical indicator that combines the Stochastic Oscillator (STOCH) and the Relative Strength Index (RSI). A bullish signal is generated when the fast %K line crosses above the slow %D line, indicating a potential buying opportunity.
In summary, the first two indicators (Belt-hold Line and Long Line Candle) are bearish signals suggesting a potential downward trend, while the STOCHRSI_fastk_indicator is a bullish signal indicating a potential buying opportunity.
This is not investment advice. Remember to verify the information provided here.
Get access to the full analysis
- Over 35 000 indexes
- CFD, Forex, Crypto and Stocks Exchange
- Over 150 Indicators
- Pattern and candle analysis
- Support and resistance levels
- Fundamental, technical and sentimental analysis
- Power from AI
