Category Archives: Forex Glossary

A doji where it opens and closes at or near its high. The candle ends up with a tall lower shadow and no body. It is usually seen at the bottom of a move. More bullish than a hammer.

The Dow Jones Industrial Average is one of the premier US stock indices, comprising a weighted average of the stock prices of 30 of the largest US companies.

The double top graphical price pattern is a sign of a reversal of an existing uptrend. It is considered that the longer the formation of the pattern, the more reliably it indicates a reversal.

The double bottom graphical price pattern is a sign of a reversal of an existing downtrend. It is considered that the longer the formation of the pattern, the more reliably it indicates a reversal.