How to Trade US ISM Manufacturing PMI
The US ISM Manufacturing PMI provides valuable insights into the health and performance of the manufacturing sector in the United States
Month: July 2023
How to Trade the RBA Policy Decision
The RBA policy decision refers to the outcome of the regular meetings held by the central bank’s board to determine the direction of monetary policy in the country
How to Trade China Caixin Manufacturing PMI
The Purchasing Managers’ Index (PMI) is a widely recognized economic indicator that provides valuable insights into the health and direction of a country’s manufacturing sector
Understanding the In Neck Pattern
The In Neck pattern is a two-candlestick formation that typically appears during a downtrend. It is characterized by a bullish candlestick followed by a bearish candlestick that closes slightly above the low of the previous candlestick
Understanding the Inverted Hammer
An inverted hammer is a single candlestick pattern that is formed at the end of a downtrend. It is characterized by a small body located at the upper end of the candlestick and a long lower shadow
Understanding Three White Soldiers
The Three White Soldiers pattern is a three-candlestick formation that typically occurs after a downtrend. It signals a shift in investor sentiment from bearish to bullish
Understanding the Impact of On-Neck Trends
An on-neck trend occurs when a bearish candlestick pattern is followed by a bullish candlestick pattern that opens at or near the previous day’s low and closes slightly above it
Understanding Shadow Patterns
One of the key components of a candlestick is its shadow, also known as a wick or tail. Shadows extend from the top and bottom of the candlestick body, providing additional information about price movements during the trading period
Understanding Tweezer Bottoms
Tweezer bottoms, also known as double bottoms, are a technical analysis pattern that occurs on price charts. They are characterized by two consecutive candlesticks with similar or identical low prices, forming a distinct horizontal line that resembles a pair of tweezers
Understanding the Significance of Spinning Tops
A spinning top is a candlestick formation that represents a period of indecision in the market. It is characterized by a small body with long upper and lower shadows, giving it the appearance of a spinning toy top.