Spindle (Weekly)
candlestick: A short and small candle body, this pattern is called "spindles", which means dealing with square wrestling contention.
The opening price and the closing price are of only slight movement to the final price which is also the highest and lowest prices.
The buyer or seller is not dominant over the other (to each other), resulting in a deadlock. If the spindle follows a large white candle or a prolonged rally, it means that there is lack of pressure on the buyer, & the market is likely to immediately reverse.
The opening price and the closing price are of only slight movement to the final price which is also the highest and lowest prices.
The buyer or seller is not dominant over the other (to each other), resulting in a deadlock. If the spindle follows a large white candle or a prolonged rally, it means that there is lack of pressure on the buyer, & the market is likely to immediately reverse.
5 comments:
Sir, weekly chart is so good and clear. Thanks for sharing.
How do we get the JNSAR values for crude oil ? I remember it used to be posted by most probably Rajagopal sir ? thanks
Spindle candlestick is a new one for me. Thanks. God bless.
Ilangoji,
I do concur with Harsh. Weekly chart is giving clear market perspective to patrons like me... Thank you and have a nice weekend
Namaste Ilango Sir & Blogmates,
(Neutral: The Level of 8100 is acting like a Magnet; with the index oscillating around it, and based on OI Table it may see some more range bound play till the level is resolved..: Option Analysis for 12-09-2014
Dedicated Option Open Interest Blog
Duplicated at Wordpress Site
Thanks & Regards,
Sanjay Kr Jaiswal
Post a Comment