Recent Updates

A  broker is an individual or a company who facilitates financial transaction execution on behalf of a trader. They basically act as sales agents.  There are mainly four types of broker in financial trading Stock broker : Stock broker manages and executes...

Introduction Bullish Counterattack Lines is a two-day trend reversal pattern with one bullish candlestick and a bearish candlestick.   What is Bullish Counterattack Candlestick  pattern? A bullish counterattack line or bullish meeting line occurs during a...

The Doji  is a single day pattern. It is a single candlestick where the open and close price is equal or very close to be the same.  Doji indicates indecision in the market and is considered as a trend reversal pattern.  Psychology of Doji pattern...

The Dragonfly Doji is a single day pattern. It  has a ‘T’ shape. This occurs when the open and close are the same and there is a long lower shadow and no upper shadow. Having a very small upper shadow is OK. Dragonfly Doji indicates indecision in the market and...

An exchange is a physical location or virtual / electronic based which provides opportunities for traders for buying and selling financial assets like Shares, Forex, Indices, Commodities, Crypto currencies. Shares -These are small units of  ownership in a...

The Evening Star is a three day pattern i.e it has three candlesticks.  The first day is a long bullish candlestick after a preceding uptrend.   Second day is a little  bullish or bearish candlestick. It gaps up i.e opens at a higher price than the...

The Hanging Man is a single day pattern. It has a none or very little upper shadow and the real body is towards the top of the candlestick. Real body itself can be bullish or bearish. For real impact, the lower shadow of the hanging man should be at least two times...

The Hammer is a single day pattern. This occurs when the price of the asset being traded  goes down significantly lower than the opening price and then bounces back on the same day to close near the opening price. Hammer Candlestick has a small real body and long...

The Gravestone Doji is a single day pattern. This occurs when the open and close are at the bottom. Candlestick has a long upper shadow and no lower shadow.. It is OK for Gravestone Doji  to have a very small lower shadow.  Gravestone Doji is considered as a...