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How 10 candles in a chart pattern make a Sushi Roll

The basic idea is to find a structure that reflects a change in sentiment with market testing the higher highs and lower lows.

Topics
technical analysis | Chart Reading | Markets

Avdhut Bagkar  |  Mumbai 

The Sushi Roll pattern is used to identify major reversals in the stock markets. This pattern involves a study of 10 candles to deeply understand the shift in the market sentiment. The first five candles show a sideways movement, without any major oscillations, and the remaining five candles engulf the highs and lows of these first five candles.

The formation may show either bullish or bearish signals, and depicts the overall mood of the traders and investors. The closing of the last five candles in green shows a bullish bias as compared to a red-negative closes. A ...

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First Published: Tue, June 22 2021. 07:45 IST
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