What is indecisive candle?

What does an indecision candle mean?

As the name implies, an indecision candlestick is one with no directional bias. In other words, it doesn't hint at the market's likely path forward in the way a bullish or bearish pin bar does. These formations usually occur during consolidation, but they can also form at support or resistance.

What does Hammer candle indicate?

The hammer candlestick is a bullish trading pattern that may indicate that a stock has reached its bottom, and is positioned for trend reversal. Specifically, it indicates that sellers entered the market, pushing the price down, but were later outnumbered by buyers who drove the asset price up.

Which candle is bullish?

A black or filled candlestick means the closing price for the period was less than the opening price; hence, it is bearish and indicates selling pressure. Meanwhile, a white or hollow candlestick means that the closing price was greater than the opening price. This is bullish and shows buying pressure.

What is indecision in forex?

The indecision candlestick affirms buyers are losing momentum, and the sellers are increasingly coming into the fold. The indecision indicates an intense battle between buyers who tried to push the price higher but failed. Likewise, sellers attempted to push prices lower but also failed.

What does 3 bullish candles mean?

Three white soldiers is a bullish candlestick pattern that is used to predict the reversal of the current downtrend in a pricing chart. The pattern consists of three consecutive long-bodied candlesticks that open within the previous candle's real body and a close that exceeds the previous candle's high.

Are inside candles bullish?

Inside day is both bullish and bearish candlestick pattern.

What is the difference between Hammer and hanging man?

The only difference between the two is the nature of the trend in which they appear. If the pattern appears in a chart with an upward trend indicating a bearish reversal, it is called the hanging man. If it appears in a downward trend indicating a bullish reversal, it is a hammer.

What is inside candle trading?

The inside bar candle pattern is NOT telling traders that the market is bidding price higher or lower but rather that the market is waiting before making the next big move in the asset. … The breakout occurs below the low of the 'preceding bar' thus triggering a short entry into the market.

How do I know if my candlestick is indecision?

9:1833:33The Indecision Candlestick Trade Set Up Strategy – YouTubeYouTube

What is white soldier?

Three white soldiers is a bullish candlestick pattern that is used to predict the reversal of the current downtrend in a pricing chart. The pattern consists of three consecutive long-bodied candlesticks that open within the previous candle's real body and a close that exceeds the previous candle's high.

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