1.Marubozu: Marubozu indicates that there are no shadows from the bodies. A white Marubozu is a long white body without anyshadows and indicates a bullish trend. It generally becomes the first part of a bullish continuance or a bullish reverssal pattern. Black Marubozu is a long black body without any shadows. It generally implies bearish continuation or bearish reversal. Spinning tops. These are neutral lines. They occur when the distance between the high and low, and the distance between the open and close, are relatively small. 2.Doji. This line implies indecision. The security opened and closed at the same price. These lines can appear in several different patterns. Double doji lines (two adjacent doji lines) imply that a forceful move will follow a breakout from the current indecision. 3.Harami ("pregnant" in English). This pattern indicates a decrease in momentum. It occurs when a line with a small body falls within the area of a larger body. In this example, a bullish (empty) line with a long body is followed by a weak bearish (filled-in) line. This implies a decrease in the bullish momentum. 4.Harami cross. This pattern also indicates a decrease in momentum. The pattern is similar to a harami, except the second line is a doji (signifying indecision).
Chart Analysis
