December 2020

What is a Bearish Engulfing Candle?

Candlestick Charts, Candlesticks / Steve Burns

A bearish engulfing candle forms on a chart when a small body candle is inside the range of the next large down candle which can be black or red depending on chart settings. When a two candle bearish engulfing pattern happens near the top of an uptrending chart or when a chart has an overbought […]

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GMMA: The Guppy Indicator

Moving Average Strategy, Moving Averages / Steve Burns

GMMA stands for the Guppy Multiple Moving Average and it is a technical trend and momentum indicator. The Guppy Indicator was created by Daryl Guppy, a trader out of Australia. It combines several moving averages in different timeframes to get a perspective of price in relation to the movement of the two different groupings of

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