When the share price exceeds the height and height of the previous day, a stubborn Aries pattern is created. It is surrounded. Typically, this type of pattern tells the seller that the price has dropped, support or purchase found, and the price will increase again after breaking the previous day. Often this type of candle can be a signal of continuous upward movement or change in trend.
On the other side of the optimistic candle, the candle-shaped candle will be tested at a higher level than on the previous day, and you’ll find that the sales volume falls sharply down and wakes up the day before. Again, this may be a precursor to an acute and constant drop in prices or changes in trends.
Hammer pattern designs can arise when market participants strongly reject support or resistance. In the example below, the price was lower, but we noticed some support or purchases. At this point, the bull took control and closed the candle around the opening level.
The following day, a strong, rising candle was formed, showing that the drive was still operating. Investors and investors have stated that value and prices are growing.
In the doji candles, the body is very small, usually closed to the open price and can have long wicks formed from high and low temperatures. This wick was tested, but it fought on the back on each side. Pattern means uncertainty, indecision and waiting for the bull or bear to take over. Often, the next direction is the movement that stays up or down in the price when the stocks collapse outside the Doji candle.