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The pattern is made up of three candles: normally a long bearish candle, followed by a short bullish or bearish doji or a small body candlestick, [1] which is then followed by a long bullish candle. To have a valid Morning Star formation, most traders look for the top of the third candle to be at least halfway up the body of the first candle in ...
Bullish Harami Cross A large black body followed by a Doji. It is considered a reversal signal when preceded by a downtrend. It is considered a reversal signal when preceded by a downtrend. Engulfing Bearish Line Consists of a small white body that is contained within the following large black candlestick.
Harami is a type of Japanese candlestick pattern represented by two bodies, the first of them, larger, with black or red body and the second one, white or green. Its name derives from the Japanese word that means “pregnant” because the graphic that shows resembles a pregnant woman.
The evening Doji star is the opposite of the morning Doji star. So, it works in a strong uptrend. A big bullish candle should be followed by a Doji one with a gap up. The trend reversal is confirmed if the third candle is bearish and opens with a gap down that covers the previous gap up. [5]
A series of candles rising with no lower wick signifies a strong uptrend, and vice versa with candles falling with no upper wick. [12] A doji signifies a possible change in the price trend. The chart shows the direction and trend of price. Heikin-Ashi is normally paired with other indicators to indicate long (buy) and short (sell) positions. [10]
Red candles show that the current close price is less than the previous close price. Green candles show that the current close price is greater than the previous close price. A candlestick need not have either a body or a wick. Generally, the longer the body of the candle, the more intense the trading. [3]
There is a theory that, just like Shuten-dōji, Ibaraki-dōji was also born at Echigo. Born at the Sunagodzuka in Ganbara (now Niigata, Tsubame, Sunagodzuka), Ibaraki-dōji was a page at the Kokojou-ji, but since Ibaraki-dōji was born in Karuizawa in the mountain recesses of the Koshi District (now Niigata, Nagaoka, Karuizawa), Ibaraki-dōji was given to the Yahiko-jinja.
In the Otogi-zoshi version of Shuten-doji, Yasumasa is depicted as one of Raiko’s retainers alongside the Four Heavenly Kings, a portrayal that became widely accepted in later generations. Some stories, like the legend of the "Hōshō Sword" of the Chiba clan (from the Nanboku-chō period), even credit Yasumasa alone with the defeat of Shuten ...