Candle stick is a very powerful analytical method. These are for short term trading. Generally indicates the reversal trend. The patterns are engulfing – both bullish and bearish. Piercing trend, Doji, Hamer/Hanging man. Bullish Engulfing -After significant down trend latest body covers fully the previous body and this is a sign. of reversal. Buy above upper tail and sell below lower tail. Other way for bearish engulfing. Piercing trend – latest body should cover at least 50% mark of previous body. Upper tail should be small in size. Buy above upper tail limit. Doji with high volume is reverse trend.
, , Candlestick Analysis, bearish, Body, candle stick, doji, Engulfing- bullish, Hammer Hanging Man, Piercing line, tail
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