ABC BullishABC Bullish is in hopes that C is C. C on this one does line up with the fib level but sometimes C fails. Possible stop under C or if more conservative, possibly a stop somewhere under long entry level and cross your fingers.
Former parabolic arc so volatility is to be expected.
The One Black Crow candlestick pattern is made up of two candlesticks and starts with a long bullish white candle. It is followed by a long black candle which opens and closes lower than the previous white candle’s open and close. Remember, both candles in this pattern should be long candlesticks. A red candle has the open at the top of the candle body and the close of the period at the bottom of the candle body. A green candle is vice versa. The high of the day is at the end of the top wick and the low of the day is at the bottom of the bottom shadow for both green and red candles.
A Marubozu candle can be either red or green, bullish or bearish with very little or no shadows on either end so it is shaven. It shows the bears were in charge the whole session.
The Belthold is a bullish candle and performs fairly well in the scheme of candles and candle patterns. They occur at or close to a bottom and should be a green candle with no lower shadow which closes near the high, meaning little or no upper shadow.
No recommendation
