June 2006
Beginner
352 pages
7h 6m
English
book
Technical Analysis Plain and Simple: Charting the Markets in Your Language, Second Edition
by Michael N. Kahn
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Reversal Indicators
As with Western analysis, candlesticks can forecast changes in market direction. Some have only one candle, usually with a specific shape. Others have two or more candles combining simple candles into more exotic shapes.
The simplest reversal pattern is the umbrella candlestick. It gets its name from its somewhat remote resemblance to a rain umbrella. However, it can be more objectively recognized by two features: 1) a spinning top real body at the upper end of the entire trading range, with little or no upper shadow, and 2) a lower shadow that is at least twice the length of the real body. The color of the real body is not important.
Umbrellas can be either bullish or bearish depending on where they appear in a trend. If ...
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I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.