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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: Debt Free who wrote (42714)12/28/2012 12:12:11 PM
From: GROUND ZERO™  Respond to of 222119
 
Great question, I'm not a candle guy, so hopefully someone here could step up and answer your question... thanks for asking...

GZ



To: Debt Free who wrote (42714)12/28/2012 12:29:29 PM
From: Vendit™1 Recommendation  Read Replies (1) | Respond to of 222119
 
The next to the last candle on your chart is called an inverted hammer and often marks a top or near top. The last candle which is slightly above the top of the inverted hammer is called an evening star formation, once again indicating a top.

A confirmation would be a lower candle top and bottom on the next candle that forms.

stockcharts.com



To: Debt Free who wrote (42714)12/28/2012 12:32:00 PM
From: steve from ihub1 Recommendation  Read Replies (1) | Respond to of 222119
 
they are called a black oxy i believe. they are a different color to show that they opened higher and sold off. the black portion of the candle shows the range from the open to the close