- Companies in United States
- Peer Analysis
|By Nathan Young|
October 27, 2017
Candlestick patterns are a reliable way to help you become alerted to potential market shifts. The thrusting pattern is no different, however there are several different criterias that need to be met for this candlestick pattern to form. First, it is made up of two candles that occur in a bear market. Secondly, this pattern is to signal a potential bearish trend in the market. Now, let us dive into the details.
The first candle is the pattern is a bearish candle that has a long body and relatively short lower wick. With that, the second candle that forms must be a bullish candle that closes positive but not above the mid point of the previous candle. The second candle also can have a lower wick as well.
With that being said, analysis of this pattern can work in a couple of ways. It is thought of as a signal that the market will continue the bearish pattern because the second candle was unable to push past the first candle, let alone the mid point. However, some interpretations could be that bulls are in the market because of the candle itself. A great place to look in helping confirmation is the volume levels. Regardless, this pattern should alert you to a potential shift in the market. As with many candlestick patterns, they are not certain. Incorporating this into your current trading setup my enhance your abilities, but run tests before implementing anything new.
|Purchase by Dennis Lacey of 100000 shares of Real GoodsDecember 14, 2018 for Dennis Lacey|
|Acquisition by Owen Gregory J of 268 shares of National Western subject to Rule 16b 3December 14, 2018 for Owen Gregory J|
|Bank of Commerce Holdings exotic insider transaction detectedDecember 14, 2018 for James Sundquist|
|ICF International exotic insider transaction detectedDecember 14, 2018 for Sanjay Gupta|
Optimize watchlists to build efficient portfolio or rebalance existing positions based on mean-variance optimization algorithm
|All Next||Launch Watchlist Optimization|