How To Draw Dragon Flying
Have a look at the article below. It presents the facts in such an easy language that we were able to understand it immediately. If it helps clear the fog for you, please let your friends know about our website, as it might be useful for them also.
Fundamentals of Technical Analysis
Graph is graphic lines that draw the market movements during a period where the axis x is time and the y-axis is the price.
1) Line Chart
Graph drawing a closing price (closing price at end of each session)
2) Bar chart
Composition of the high prices, low price and closing price, that is used online session.
3) Candlestick Charting
The same thing at the bar table, it is a composition of high prices, low price, closing price which is taken online session. The difference is that the form show the actual body that attract the price of the last position. The white real body shows that the price Closing is greater than the opening price. And black shoes real body that the closing price is below the opening price.
Candlestick review and model
1. Fall price pattern
Long black body line follows by three small lines per day (range of black body) and has ended with the line of blackbody fifth shows the closing price and the lowest in the last five days.
2. Jump to the price pattern
Online long white body followed by three lines per day and ends with the fifth body blank shows the highest price in the last five days.
3. condition clearing price
Doji is a position where there is a balance to the opening and closing of a position.
a. Dragon Fly doji
Indicates that the sellers dominate the market and depressing prices for both sessions, and at the end of the session and push enter buyers the opening price.
dragonfly can also be a potential sign (upward) when there is a downward trend.
And when there an upward trend, dragonfly can be a signal that the price is at its peak.
b. Pagoda
This shows the position that buyers dominate trade and bring the price up for some sessions. However, at the end of the exchange, the price is pulled by the vendors to the position of being opened.
Pagoda downward trend shows that there is pressure in the purchase and there is a possibility of heading upward potential. The trend the increase shows the opposite.
4. Hammer
Candlestick position where it has a small real body. Shadow / highlight at least twice the length of the actual body and there is no upper shadow. Candlestick happens in the downward trend is then called a hammer. From this emergence of a process called hammering below.
a. Hanging Man
Usually, it indicates an upward trend, but we must see if there is a bearish confirmation before taking action. Confirmation is a gap or a long black candlestick with a large volume.
b. Inverted Hammer Shooting Star
Shooting star shows signs of an inverse if the top line is at least twice the length of its body.
Inverted hammer is the same thing the Shooting Star, but it comes after a downward trend.
5. Harami
This means pregnant in Japan, which is a position candlestick where the real body is inside the previous real body. The first candlestick usually has a very long line and the second has a little smaller.
About the Author
Martin Chandra is a full-time investor. Get limited offers at here.
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Filed under: How To Draw a Dragon
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