BULLISH
BELT HOLD: an Up
Opening Marubozu or an up Marubozu (opens lower than the two preceding down
candlesticks) occurs in a downtrend, opening on the low, a rally begins during
the time against the overall trend of the market, stopping with a close near
the high, leaving a small shadow on top of the candle, a significant gap in the
direction of the prevailing downtrend, after the market opening then moving in
the opposite direction, prices must cross above the last close for
confirmation.
BEARISH
BELT HOLD: a
down Opening Marubozu or a down Marubozu (open higher than the two preceding up
candlesticks) occurs in an uptrend, opening on the high, prices fall against
the overall trend of the market, stopping with a close near the low, leaving a
small shadow at the bottom of the candle, the resistance against the trend will
be stronger. The market gaps up and opens at its high, closes near to the low,
a long down body without upper shadow. The market opens, things change rapidly,
the market moves in the opposite direction. The confirmation level is defined
as the last close. Prices must cross below the last close for
confirmation.
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