Takuri: shadow down - candles confirmed reversal
The main thing that everyone is interested in is, of course, what candles can confirm a market reversal.
One of the main candles immediately pointed out by the Japanese is the Takuri. The Americans called it a pin bar, where a pin is the shadow of a candle, which is longer than the body. Another name is "Hanging Man". A lot of names, the essence is the same. According to the Japanese, the color and the size of the body of such a candle is not very important. The main thing is the lower shadow, which is much longer than the body.
Such candles certainly reflect investor psychology. Here this long shadow is an indication that the bulls were significantly stronger than the bears during the candles. Of all the candles in existence, pinbar have the strongest signal. It should be interpreted using trends, channels, support/resistance and other candles, as well as confirmed.
Remember: Pinbars cannot be used as an independent signal.
If you can find a good confirmation for the pinbars, however, they can become the basis or addition to your trading strategy. As a result, quite a few systems are based on pinbars.
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Write your comments and questions here!
Thanks for your support!
The main thing that everyone is interested in is, of course, what candles can confirm a market reversal.
One of the main candles immediately pointed out by the Japanese is the Takuri. The Americans called it a pin bar, where a pin is the shadow of a candle, which is longer than the body. Another name is "Hanging Man". A lot of names, the essence is the same. According to the Japanese, the color and the size of the body of such a candle is not very important. The main thing is the lower shadow, which is much longer than the body.
Such candles certainly reflect investor psychology. Here this long shadow is an indication that the bulls were significantly stronger than the bears during the candles. Of all the candles in existence, pinbar have the strongest signal. It should be interpreted using trends, channels, support/resistance and other candles, as well as confirmed.
Remember: Pinbars cannot be used as an independent signal.
If you can find a good confirmation for the pinbars, however, they can become the basis or addition to your trading strategy. As a result, quite a few systems are based on pinbars.
Push like if you think this is a useful idea!
Write your comments and questions here!
Thanks for your support!
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