How to read Broker data

Special thanks to @BrokerAsx on twitter for providing this information and being so patient with explaining this to me.

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The life cycle of a mining stock, when to buy when to share.

Special thanks to @hOOts from HC for the contribution of these graphs and charts.    

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Double top

Double top are the reverse of double bottoms, they are often the bearish indicators on a chart and simply means that buyers are unable to break past a certain barrier on the chart. A double top can be drawn as a line of resistance, a breakout can occur from this…

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Double bottom

A double bottom can often indicate a reversal from a downtrend to an uptrend, in its simplest form it means that the base is where support is coming in from buyers. This is a bullish signal IMO and should indicate that the at the very least the next few candle…

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Bearish Engulfing

A bearish engulf pattern is an indicator of a possible reversal of a up trend. A Bullish engulfing pattern is when a red candle engulfs one or more green candles completely, and thus signalling a downtrend. Note that some of these trends can be fakes and its vital to seek…

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Shooting star

Shooting star signals a negative reversal, and indicates an upcoming bearish pattern. This is easy to spot, however like all other charting signals it is best to wait for a confirmation candle.

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This is the personal financial diary of a single inexperienced investor (AKA Bushmaster) who has no formal financial education. Nothing on this website is financial advise.