Indicators and patterns
12/9/2024
Indicators and patterns
1. Closing Marubozu on XAG/USD 15-minute chart:- Type: Bearish
- Action: Sell
- Price: 32.0035
- Time: December 9, 2024, 17:45
- Description: A Closing Marubozu candlestick pattern occurs when the candle has a long body with no wicks or shadows, indicating strong selling pressure throughout the entire trading session. This pattern suggests a continuation of the current bearish trend.
2. Marubozu on XAG/USD 15-minute chart:
- Type: Bearish
- Action: Sell
- Price: 32.0035
- Time: December 9, 2024, 17:45
- Description: A Marubozu candlestick pattern is similar to a Closing Marubozu, with a long body and no wicks or shadows. It signifies strong buying or selling pressure, depending on whether it is bullish or bearish. In this case, it indicates strong selling pressure and a potential continuation of the bearish trend.
3. Engulfing Pattern on XAG/USD 15-minute chart:
- Type: Bearish
- Action: Sell
- Price: 32.0625
- Time: December 9, 2024, 17:15
- Description: An Engulfing Pattern is a two-candlestick pattern where the second candle completely engulfs the body of the previous candle. In this case, it is a bearish Engulfing Pattern, suggesting a potential reversal from an uptrend to a downtrend. Traders may interpret this pattern as a signal to sell.
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
