For those interested Candlestick Pattern | INSM Message Board Posts

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Msg  46356 of 52598  at  6/18/2019 6:16:46 AM  by


 In response to msg 46353 by  walkabout
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Re: For those interested Candlestick Pattern

The longer the candle the bigger the price swing from low to high. A white candle (sometimes also called a hallow candle) signifies the stock closed higher than it opened. A filled or red candle signifies the stock closed lower than it opened. My initial reference was to the 2 candlestick pattern being what is called Bullish Engulfing also outside reversal or Bearish Engulfing, many times signaling a reversal ( bottom has been reached, stock now trying to turn upwards.) Not 100 % prediction however very high probability. Check out the link will provide pics and more complete verbiage.

Link ;

Note about Japanese Candlesticks "originated in Japan over 100 years before the West developed the bar and point-and-figure charts. In the 1700s, a Japanese man named Homma discovered that, while there was a link between price and the supply and demand of rice, the markets were strongly influenced by the emotions of traders."

Link ;

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