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fomo candle
What does fomo candle mean?
A large green candlestick produced when a wave of buyers piles in out of fear of missing the move.
"That huge FOMO candle at the open trapped all the late buyers."
Origin
Trader/charting slang combining 'FOMO' with candlestick terminology.
Frequently asked questions
What is a FOMO candle?
A FOMO candle is a large green candlestick formed when a wave of buyers piles in out of fear of missing the move, spiking the price sharply upward.
Where does the term FOMO candle come from?
It combines 'FOMO' (fear of missing out) with candlestick charting terminology, describing a bar driven by panic buying rather than fundamentals.
Why are FOMO candles risky?
They often mark a local top: late buyers rush in at the peak, so a big FOMO candle can trap those latecomers just before the price pulls back.
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