This candlestick pattern looks like a shaven top,
with a small shadow at
the bottom.
You will also notice like the candle came from a reversal
pattern called the bullish harami.
This is then followed by rising window
which then moves into the Marabozu
white like candle stick pattern.
From seeing the rising window,you can tell
that this price is in an uptrend..
Also the price is above the
50 EMA
The problem is when the pattern doesnt
touch the 50 EMA
in that case then you are trading a random pattern.
You dont want to trade random patterns.
These patterns are what make you
know that this is the right type of trade
for you to follow on.
So you have 3 steps to follow
What if you experience the consolidation?
then you need to master your own risk
management levels.
Because risk management is very important.
Remember to Learn about
Rocket boost this content to learn more.
Disclaimer:Trading is risky this means you
will lose money whether you like it or not
with a small shadow at
the bottom.
You will also notice like the candle came from a reversal
pattern called the bullish harami.
This is then followed by rising window
which then moves into the Marabozu
white like candle stick pattern.
From seeing the rising window,you can tell
that this price is in an uptrend..
Also the price is above the
50 EMA
The problem is when the pattern doesnt
touch the 50 EMA
in that case then you are trading a random pattern.
You dont want to trade random patterns.
These patterns are what make you
know that this is the right type of trade
for you to follow on.
So you have 3 steps to follow
- 1-The price has to be above the 50 EMA
- 2-The price has to be above the 200 EMA
- 3-The price action should be on surpport or gap up
What if you experience the consolidation?
then you need to master your own risk
management levels.
Because risk management is very important.
Remember to Learn about
- candlestick patterns
- risk management
- and the RSI breakout/reversal ranges.
Rocket boost this content to learn more.
Disclaimer:Trading is risky this means you
will lose money whether you like it or not
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
