Notes

Investors Explore Technical Analysis
Bullish Belt Hold - Single day pattern. In a downtrend, a long white candle forms with no lower shadow. Any upper shadow is shorter. This is similar to a white Marubozu (long, unshadowed candle).

The Morning Star and Bullish Doji Star Patterns are both bearish candles. The second day, in the case of Doji Star Pattern, is a True Doji. In the case of Morning Star, it is almost an Doji. These two patterns almost have the exact same price action.

Bullish Abandoned Baby is a rare, but reliable, 3 candle pattern that reverses in a down trend. It is the opposite of its bearish name. A long black candle is followed by a gap down into a very short or spinning top candle of either color. On the 3rd day, another gap is formed (up), forming a long, white candle about the same length as the 1st.

When price finds more and more sellers and they think that it's overbought/overvalued so they starting selling it up or taking profit and that causes price to back down away from resistance.

The commodities industry appears to have a few changes as well. The NYMEX's May light crude futures report went up to $67 per barrel. This is a big move after a rectangle formation around $61 to $65.50 had occurred. Oil could reach $70 per barrel, as it did in February, but this is only if the price holds for now. It's important to keep an eye on how much it will cost to obtain oil, as high prices can cause stocks to feel heat.

When visit here beyond DMI- and ADX moves up through space between DMI lines then this is considered a bullish indicator.The ADX may move up if it is already above the DMI lines. However, I prefer to wait for a movement through the gap (also known as the zone) and moving in an upward direction. bitcoin bullish If the DMI+ crosses below DMI+ and if the ADX moves into the gap in an up movement, it is a bullish indicator and I would place the bear trade.The ADX moving upwards from a low, and crossing into the gap in an up movement is a sign that the trend is developing. I find this indicator reliable.

Fifth, don?t hesitate to leave if in doubt. If you are unsure about your decision, you may want to wait. You might write down clearly in your trading plan (which we will present in another article) what you are waiting to do so that you know when you might be able to enter.
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