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...
Hello Traders and welcome to out channel. MOST COMMON CANDLESTICK PATTERNS IN ONE PLACE! If u like this educational content please support it with a like so we can keep posting more content like this. If you have any additional questions let us know in the comments and we will provide you with the answer! SharkFx wish you a wonderfull weekend and successful...
Shown on the 65m chart, RSI crossed over 50, came back to test it twice, and gradually moved higher. Normally this "double dip" test plus a trade above the signal candle results in a strong move higher. In this case GME could move to 218-220 (white bar) to complete an inverse head & shoulder pattern, but first price has to get over 205 (dashed line). On the...
Hello, traders! Here is the cheat sheet for the candlestick patterns. They are divided into five groups: -Bullish Reversal -Bullish Trend Continuation -Bearish Reversal -Bearish Trend Continuation -Neutral All these common formations you can see on the chart but first of all you should understand what has happened on the market. When you are looking at the...
Save this! Before placing an order it is advisable to wait for confirmation. In the chart above we have an example of a sell that can be made on 1HR / 30m / 15m. We are waiting for the price to form a resistance. See if there is enough range 15-20 pips . Place the order and as a target most recent support.
Hi, I would like to share my TOP 6 candlestick patterns, you can also name your TOP 3 in the comment section. Perfect scenario: identify the strong area, wait for the price coming inside of it, wait for a candlestick pattern which consists of at least two candles and it has to form in at least 1-hour timeframe (lower TF candlestick patterns are poor), wait for a...
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. --------------------- Share your opinion in the comments and support the idea with likes. Thank you for your support!
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...
There are public rules for graphing price movements on the charts of various market assets. There are two main types of designation: Candles They were invented by the Japanese rice merchant Homma Munehisa, which is why they got the name - Japanese candles. The candlestick gives information about deals within the selected period: - Opening - the initial...
1. Price created lower low and RSI higher low (tight divergence - oversold). 2. Reversed on demand zone with candlestick pattern. 3. Broke down trend structure with retest as confirmation. 4. Price went above 200 EMA and used it as support.
Hanging man The hanging man is the bearish equivalent of a hammer (bullish pattern). It typically forms at the end of an uptrend with a tiny body and a long lower wick. The lower wick designates that there was a large sell-off, but bulls headed to take back control and drive the price up. Holding that in mind, after a lengthened uptrend, the sell-off may act as...
Trend Continuation Candlesticks Patterns There are countless candlestick patterns that traders can use to identify areas of interest on a chart. These can be used for day trading, swing trading, and even longer-term position trading. Rising three methods This pattern occurs in an uptrend, where three consecutive red candles with small bodies are attended by...
📋 Educational —————**- 🗒 Just browsing through my analysis means a lot to me. ➡️ Please follow the analysis very carefully and every detail of the chart means a lot .
🗒 Just browsing through my analysis means a lot to me. ➡️ Please follow the analysis very carefully and every detail of the chart means a lot. And always entry depends on many reasons carefully studied Always enter into deals when there are more than 5 reasons combined ------------ Bullish Exhaustion Bar ➕A bullish exhaustion bar ---------- opens with a gap...
We are beginning a new theme “Trading strategy’s most important technical analysis tools”. Today we are going to tell you about the most important things in trading, candlesticks! 📌Japanese candlestick charts were developed in the 17th-18th centuries by the Japanese rice traders. They were introduced to trading by Steve Nison in the 20th century. It's a simple,...
What Is the Colored Directional Movement Index (CDMI)? The Directional Movement Index, or DMI, is an indicator developed by J. Welles Wilder that identifies the direction of the price movements and the trend strength. DMI is a collection of three separate indicators (ADX, +DI, -DI) combined into one ADX's purposes is to define whether or not there is a trend...
.618 Fibonacci Retracement Most Popular Retracement Important retracement for a stock that is selling off after completing a good Rally. #BharatForge is a perfect example of .618 Bullish Retracement and its amazing to see how prices rallied after hitting .618 retracement Trade Consideration ( Refer Chart ) Point #1 : A good rally Point #2 : A sharp Sell-off Point...