Indicators and patterns
7/11/2024
Indicators and patterns
1. Closing Marubozu: This is a candlestick pattern where the candle has a long body with no wicks or shadows on either end. In this case, it is a bullish signal indicating strong buying pressure.2. Engulfing Pattern: This is a two-candlestick pattern where the second candle completely engulfs the body of the first candle. A bullish engulfing pattern occurs after a downtrend and suggests a potential reversal to the upside.
3. Long Line Candle: This is a candlestick pattern with a long body and little to no wicks. It indicates strong buying or selling pressure. In this case, it is a bullish signal.
4. Marubozu: Similar to the Closing Marubozu, a Marubozu candle has a long body with no wicks. It represents strong buying or selling pressure. A bullish Marubozu suggests strong buying pressure.
5. STOCHRSI_fastk_indicator: This is a technical indicator that combines Stochastic Oscillator and Relative Strength Index (RSI). A bearish signal indicates that the market may be overbought and could potentially reverse to the downside.
6. MOMENTUM_indicator: This indicator measures the rate of change in price movements. A bullish signal suggests that the momentum is in favor of buyers, indicating a potential upward movement in price.
This is not investment advice. Remember to verify the information provided here.
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