Guide Candles Patterns
Candlestick patterns are usually quite good when trying to finish an analysis as it can help you confirm a trend.
Basic Candles - Two Line Patterns
1- Bearish Doji Star
Description:
The first Bearish Doji Star line has to be a white candle that appears as a long line (White Candle, Long White Candle, White Marubozu, White...
Guide Candles Patterns
Candlestick patterns are usually quite good when trying to finish an analysis as it can help you confirm a trend.
Basic Candles
11- Long White Candle
Description:
When analyzing the situation on the chart, it is always more important to observe what is happening at that moment. Therefore, in order to determine whether the candle...
Guide Candles Patterns
Candlestick patterns are usually quite good when trying to finish an analysis as it can help you confirm a trend.
Basic Candles
1- Black Candle
Description:
The black candle often appears on the candlestick charts.
In a downtrend, it should be primarily treated as a signal of the strength of a trend that we can expect to...
Hello everyone 😃
In this article we present Most useful bullish reversal patterns of candlesticks and How to trade with them. ( Sorry for my irregular chart 🤦♂️ I'm not good in drawing 😁 )
📊 What is Candlestick charts ?
Candlestick charts are a type of financial chart for tracking the movement of securities. They have their origins in the centuries-old...
Hello everyone 😃
In this article we present Most useful bearish reversal patterns of candlesticks and How to trade with them. ( Sorry for my irregular chart 🤦♂️ I'm not good in drawing 😁 )
📊 What is Candlestick charts ?
Candlestick charts are a type of financial chart for tracking the movement of securities. They have their origins in the centuries-old...
this is a quick chart today.
the point of this chart is to illustrate how zooming out even 30min can change your whole perspective on how the market is moving.
left side 1h chart
right side 1.5hr(90min) chart
within the circled range (the breakout) you can see in the 1HR chart 3 red candles vs. the 1.5HR chart has no red candles. NONE!
if your waiting for...
Pro Backtest Method:
STUDY CANDLESTICK BEHAVIOUR
- You should know what type of
candle your ideal entries are taken
based on momentum/rejection.
- To help with in the moment decision
making before entry and avoiding
impulse entries try this;
1. Open Chart During your preferred
session and timeframe. Look to see if
market conditions are similar to your...
Just humor at the start of the work week.
Let's laugh and go to work further. After all, whoever works well has a good rest.
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Share your opinion in the comments and support the idea with likes.
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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...
Gold daily chart will show you a small example of how to determined the next move of the market on a higher time frame.
Educational purpose, don't take it as signal.
Price broke below the support we highlighted, however as there was no lower wick on the 1h breakout candle, price had no clear range to move down, so instead of moving to the lower timeframes to look for selling confirmations, I stayed on the 1h timeframe and decided to look for a break and retest setup, as it was not on a lower timeframe my confidence for this...
Hello, we continue to study candlesticks.
⚡️ Maximal/minimal
🔶 For this it is desirable for reversal candlestick to have its own high/low. In addition to the convenience of placing stop-loss on them, its own minimum/maximum also increases the chances for a long term trend after such reversal. The reason for this is in the market reflectivity, all the patterns...
Earlier this year I had change SGD to AUD as I've planned to travel to Australia, due to Covid19 the plan is cancelled and this is the period I was waiting for a better time to change my SGD back to AUD as there will be no plans of travelling to Australia, at least for now.
I've made some money from the exchange. Having the trading knowledge do helps you to save and earn.
Here we have Really good Setup and price also holding Very well
1) we have very big Wick (shadow) Candle this is the alert time in any trade.
2) we have doji which is for reversal (not all the time) but Volume is good
3) we made bullish candle and bouncing from Support support is Solid.
so when we find the good Support we are ready to buy the retest as always...
Here is an educational idea. Please do not consider this as a trade idea unless you consider market sentiment and fundamentals that go along with this technical analysis. Trading solely on technical analysis (such as this trade pattern) can turn out to be costly.
The Bearish Engulfing pattern consists of two candles. First one is a small upward candle followed by large bearish candle. The bearish candle must absorbs completely the previous one formed during the uptrend. The bearish candle is not required to cover the shadows of bullish candle.
Requirements for validity:
1. Market in uptrend;
2. Small bullish candle;
3....
Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick...
