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Above
Average Volume--a total daily
volume of shares traded which is greater than
the average of the daily volumes over the
previous few days.
Examples: DWTI
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Advance
Block (Bearish)--a three
candlestick pattern in which the last two
candlesticks show weakening upside drive.
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Advance
Block (Bullish)--a three
candlestick pattern in which the last two
candlesticks show strengthening downside
drive.
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Candlestick
Lines--a traditional Japenese
chart which consists of a real body,
representing the open and close, and upper and
lower shadows, representing the high and low
of the day.
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Dark-cloud
cover (Bearish)--a bearish
reversal signal. In an uptrend, a long
green candlestick is followed by a long red
candlestick that opens above the prior green
candlestick's high. The second
candlestick must close well into the first
candlestick’s real body.
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Doji
star (Bearish)--a doji line
which gaps from a long green candlestick.
Examples: MCWS
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Doji
star (Bullish)--a doji line
which gaps from a long red candlestick.
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Engulfing
Pattern (Bearish)--a bearish
engulfing pattern occurs when selling pressure
overwhelms buying pressure reflected by
long red real body engulfing a small green
real body in an uptrend.
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Engulfing
Pattern (Bullish)--a bullish
engulfing pattern occurs when buying pressure
overwhelms selling pressure reflected by
long green real body engulfing a small red
realbody in an downtrend.
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Evening
Star (Bearish)--a top reversal
pattern where the first is a tall real body,
the second is a small real body (green or
red) which gaps high to form a star. The
third is a red candlestick which closes well
into the first session's green real body.
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Evening
Doji Star (Bearish)--the same
as an evening star except the middle
candlestick is a doji instead of a small real
body.
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Falling
Three (Bearish)--comprised of
five candlesticks, a tall red real body
candlestick preceded three small green real
bodies which hold within the first session's
range. Then a red candlestick closes at
a new low.
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Hammer
(Bullish)--a bottoming
candlestick line where a small real body (red
or green) at the top of the trading
range with a very long shadow with little or
no upper shadow.
Examples: FSCO
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Hanging
man (Bearish)--a small real
body (green or red) with little or no upper
shadow. It is a bearish reversal pattern
when appearing during an uptrend.
Examples: PFSW
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Harami
(Bearish)--a two candlestick
pattern in which a small real body holds
within the prior session's unusually large
real body. The harami implies that
the preceding trend is getting ready to
conclude.
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Harami
(Bullish)--a two candlestick
pattern in which a small real body holds
within the prior session's unusually large
real body. The harami implies that
the preceding trend is getting ready to
conclude.
Examples: PLCM,
CPTL,
ABY
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Harami
Cross (Bearish)--a harami with
a doji on the second session instead of a
small real body.
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Harami
Cross (Bullish)--a harami with
a doji on the second session instead of a
small real body.
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Inverted
Hammer (Bullish)--a candlestick
that has a long upper shadow and a small real
body at the lower end of the session. It
is a bullish bottom reversal signal.
Examples: DWTI
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Long
Green Real Body (Bearish)--a
relatively long real body with closing price
far above the opening price.
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Long
Red Real Body (Bullish)--a
relatively long real body with closing price
far Below the opening price.
Examples: FCS,
CBCX,
AHAA,
ASDV
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Major
Price Resistance--an area of
price where a stock hits resistance, reverses
direction, and then retests the same general
area of resistance a second time.
Examples: PFSW
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Major
Price Support--an area of price
where a stock hits support, reverses
direction, and then retests the same general
area of support a second time.
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Mat-hold
pattern (Bearish)--a red
candlestick is followed by a small green real
body which gaps lower. Then there are
two small green candlesticks which are
followed by a bearish red candlestick.
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Mat-hold
pattern (Bullish)--a green
candlestick is followed by a small red real
body which gaps higher. Then there are
two small red candlesticks which are followed
by a strong green candlestick
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Minor
Price Resistance--an area of
price which previously acted as support, but
now serves as price resistance.
Examples: USWB,
HIG
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Minor
Price Support--an area of price
which previously acted as resistance,
but now serves as price support.
Examples: FCS,
GSLI,
CPTL,
AHAA
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Morning
Star (Bullish)--a candlestick
pattern where the first is a long red real
body, the second is a small real body (green
or red) which gaps lower to form a star.
The third is a green candlestick that closes
well into the first session's red real body.
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Morning Doji Star
(Bullish)--the same as a
morning star except the middle candlestick is
a doji instead of a small real body.
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Moving
Averages (Simple)--calculates
the average value of price over a period of
time. As the stock price changes each day, its
average price moves up and down. For
example, the 10 Day Simple Moving Average
would be the sum of the price over the past 10
days divided by 10. The average is
called 'Moving' because each new day is added
to the total while the earliest date is
removed from the calculation.
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Piercing
Pattern (Bullish)--a long red
candlestick is followed by a gap lower during
the next session. This session finishes
as a bullish green real body which closes more
than halfway into the previous sessions real
body.
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Rising
Three (Bullish)--comprised of
five candlesticks, a tall green real body
candlestick preceded three small red
real bodies which hold within the first
session's range. Then a green candlestick
closes at a new high.
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Shooting
Star (Bearish)--a candlestick
with a long upper shadow with little, or no
lower shadow, and a small real body near the
lows of the session.
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Star
(Bearish)--a small real body
which gaps away from the previous long body.
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Star
(Bullish)--a small real body
which gaps away from the previous long body
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Tasuki
Gap (Bearish)--a red real body
gaps lower followed by a green candlestick of
about the same size, which opens in the
red’s real body, and then closes above the
red’s real body.
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Tasuki
Gap (Bullish)--a green real
body gaps higher followed by a red candlestick
of about the same size, which opens in the
green’s real body, and then closes below the
green’s real body.
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Three
Crows (Bullish)--three
relatively long consecutive red candlesticks
which close near or on their lows.
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Three
White Soldiers (Bearish)--three
relatively long consecutive green candlesticks
which close near or on their highs
Examples: HIG,
ACS
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Thrusting
Line (Bearish)--a red
candlestick which closes in the prior green's
real body, but still above the middle of the
prior session's real body.
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Thrusting
Line (Bullish)--a green
candlestick which closes in the prior red's
real body, but still below the middle of the
prior session's real body.
Examples: GSLI
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