Indicators and patterns
11/13/2024
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, a bearish Closing Marubozu suggests strong selling pressure and indicates a potential downtrend. The signal is to sell.2. Long Line Candle: This is a candlestick pattern with a long body and little to no wicks or shadows. A bearish Long Line Candle indicates a strong bearish sentiment and suggests a potential downward movement in the price. The signal is to sell.
3. STOCHRSI_fastk_indicator: This is a technical indicator that combines Stochastic Oscillator and Relative Strength Index (RSI). A bullish STOCHRSI_fastk_indicator suggests a potential uptrend in the price. The signal is to buy.
4. Three-Line Strike: This is a bearish candlestick pattern that consists of three long bullish candles followed by a long bearish candle that engulfs the previous three candles. This pattern indicates a potential reversal to the downside. The signal is to sell.
Overall, the combination of these indicators and signals suggests a bearish outlook for XAU/USD on the 15-minute timeframe, with indications to sell based on the Closing Marubozu, Long Line Candle, and Three-Line Strike patterns, while the STOCHRSI_fastk_indicator provides a conflicting signal to buy. Traders may consider the overall trend and other factors before making trading decisions.
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
