Pritti (meldonium)

Mint Michelangelo

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We have already talked about combinations in which the body of the white candlestick overlaps the body of the black candlestick by less than half. They are called: on-neck, in-neck and thrusting pattern. These combinations are bearish signals. They differ from each other only in the degree of intersection of the white and black bodies. In the "on-neck" pattern, trading ends near the minimum price of the previous day, and in the "in-neck" pattern - slightly above the closing price. In both of these cases, white candlesticks usually have a small body. In the "thrusting" pattern, the white candlestick has a longer body and it overlaps part of the black one, but does not reach its middle.

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The engulfing pattern is one of the important reversal signals; it consists of two candles, which are usually painted in different colors. 3 criteria for the engulfing pattern: 1. There must be a clearly defined uptrend or downtrend. 2. The body of the second candle must overlap the body of the first. 3. The color of the second candle must be different from the color of the first. The exception is when the candle has a very small body and resembles or is a doji. Bullish engulfing pattern (Figure 1): during a downtrend, a white candle appears, which engulfs the smaller body of the previous candle with its body - this is a reversal signal at the bottom. In Figure 2, everything is the opposite: the appearance of a black candle on an uptrend, the body of which engulfs the body of a white candle, is a reversal signal at the top.

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The dark cloud cover is a reversal pattern that also consists of two candles, occurs after an uptrend and is a signal for a reversal at the top. On the first day, a candle with a long white body is formed on the chart, and the opening price of the second candle exceeds the upper shadow of the first candle. However, the second candle ends at the middle of the body of the previous candle.

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