This forex trading tutorial discusses about the Close Calling line of Japanese Candlestick Type.
|Candlestick||How to call||meaning|
|Foot length same line||It is a line where the values ??of the opening and closing prices are the same and the pressure of buying and selling is equal. Because there are many cases that appear at the time of stock price conversion, there is a possibility of a rebound if the foot length same line comes out at the bottom price, and falling back if the foot length same line comes out in the ceiling area.|
|Crosshair||As with the same foot line, although it often appears at the time of stock price change, it is a line that easily goes out to the bottom price than the ceiling zone.|
|Upper cross||The buying pressure is a strong line.|
|Lower cross||The selling pressure is a strong line.|
|Dragonfly||It shows the turning point of stock price. If a dragonfly comes out with a bottom value, it will switch to a rise, and if a dragonfly comes out in the ceiling area it may switch to a fall.|
|Tuba||It shows the turning point of stock price. If Tuba comes out at the bottom, it will switch to rise, and if Tuba comes out in the ceiling sphere there is a possibility of turning into fall.|
One must learn the different types of candles because the combination of these candles make bearish or bullish patterns in the technical chart, which every trader MUST master.
Subscribe Updates, Its FREE!
|How to use MACD indicator effectively? (with pictures)|
|50 basic combinations of Japanese Candles|
|How to use Parabolic SAR indicator in Forex?|
|How to Use ADX (Average Directional Index) in Forex|