The evening star candlestick patter is a pattern that technical traders and investors recognize as a potential bearish reversal. As with all patterns, they are not one hundred percent certain, but rather give you the investor an opprotunity to be alert for the potential move.
When trading in the markets or investing, it is important to understand where the market is at in that point of time and the Williams R Percentage can help with that. The equations for this is taking the highest high and subtracting the closing price. Then, divide that by the highest high and lowest low, multiplied by negative one hundred.
Price floor movement is an event that may not affect too many of you but it is important to know. Not in a too distant past, a country removed their price floor so to speak on their currency, causing people to lose unimaginable amounts of money.
The three line strike candle pattern is interesting in that it may not look like something you would keep an eye out for. The pattern in a bull market is three consecutive bull candles followed with a fourth bear candle that wipes out the gains of the three bull candles. The same if for the bearish candles except the fourth candle will be bullish.
Breakaway investing and trading is when there is a signal that could be indicating a short term trend reversal. There are different types of breakaways, but one of the most seen is the gap up or the gap down, indicating the market is moving quickly and depending on volume, with momentum.
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