Alpha Circle Nsukka | Charts, Psychology & Market Discussions

The bullish candlestick:- this candlestick is green, and it closes higher than it opens, the lower wick is the lower point price could get to in the process of formation of the candlestick

Bearish candlestick:- it is colour red, it's close lower than it opens and the wick at the top and bottom is the highest and the lowest point respectively price could get to in the process Is of the formation at the candles sticks

This candlestick are mostly found in the bullish trending market

This is mostly found it the bearish trending market

This is real chart example, market trending upwards and you see the bullish candlestick mostly printed

Real chart example as the market is trending downwards, bearish candlestick are mostly formed

These are the candlestick we will e talking about

Now, you don't need to cram the name of this candlestick, you need to know the psychology behind them

High test candlestick:- this candlestick Is a bullish one as you can see the colour is green, but a trader can change the color of a candle but by default it's green meaning It's bullish, it closes higher than it opens and it has upper wick

The psychology behind this candlestick is that traders are testing a particular structural resistance level are the initial open of the candlestick, signaling a potential towards movement

Low test candlestick:- is the opposite of the high test candlestick, it's bearish, hence is closes lower than it opens and there's a signing rejection creating a lower long wick

The psychology behind this candlestick formation is that buyers are testing a structural support level signaling a potential upwards move

Doji:- this is a low momentum candlestick it also called indecision candlestick It's formed when there's a retracement, signaling a potential buy or sell

Tweezer top:- this is double of the high test candlestick, and it's usually stronger than the high test candlestick because this time it's 2 candlestick rejection a structural resistance level signaling a potential downward movement

Tweezer bottom:- like the low test candlestick, it's a formation of 2 low test candlestick, this is of course stronger that the low test candlestick, this means that buyers has rejection a structural support level double and a potential bullish trend is expected

Bullish engulfing candlestick:- is an impulse price movement upwards, it's usually engulf in presiding candlestick and covers it

The psychology behind this candlestick is that buy are aggressively taking over sellers in the market

Bearish engulfing candlestick:- this is formed when there's in an impulse downwards movement, it's engulfs the candlestick that comes before it

The psychology behind this candlestick is that sellers are aggressively taking over buyers In the market

Hanging man:- Is formed at the top of a structure in the chart, it's signals an exhausting run and a potential downward movement

Morning start:- this is 3 candlestick formation a bearish engulfing, doji or pin bar and bullish engulfing candlestick,

It's formed at the bottom of a downtrend market signaling a potential buy

Evening star:- this candlestick is the opposite of the morning star candlestick, it's formed at the top of a bullish trend and signaling a potential downward movement

True

The results from AI research investments would take a while to come to the open

Yhh

I understand