TRADING LESSONS FOR BEGINNERS 114
(Part 14)
The bearish candlestick pattern continues - Falling three methods
Falling three methods
The inverse of the three rising methods, the three falling methods instead indicate the continuation of a downtrend.
Doji
A doji forms when the open and close are the same (or very close). The price may move above and below the open but will eventually close at or near the open. As such, a doji can indicate a point of indecision between buying and selling forces. However, the interpretation of a doji is highly contextual.
Depending on where the open and close line falls, a doji can be described as the following:
Gravestone Doji
This is a bearish reversal candlestick with a long upper wick and the open and close near the low.
wait for part 15