📈 This Is DrgonFly Doji Candle >> Make Change In Direction 📈
1- Appears At The Bottom Of a Downtrend
2- Shows The Rejection Of lower Prices
3- Give Bullish Signals (BUY)
Stop lose Under Candle Low
Target 2x Stop
Hello, we continue to study candlesticks.
🔶 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...
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,...
Watch Out Bitcoin
10 APR 20
With so many people watching Bitcoin I begin to wonder what it is they’re watching for. Are they only watching today for tomorrow or are they reviewing the past to keep other views open for observation.
While action is slow I like to go back and verify previous signals like the gravestone doji we were left with at the end of August...
Doji Candlestick Analysis pattern is among the misunderstood candlestick patterns. There are four types of Doji candlesticks. Each has a different meaning and most advanced traders can figure them out. Most books written will teach Doji as a representation of indecision in the markets.
Looking at the length of Doji, you’ll be able to speculate the future market...
When you see a candle at the bottom of a downtrend like the one pointed out here it can be a signal that a reversal is in the cards. Just thought I would show you all. You can also see the support is right under the reversal candle. Just something to watch.
So the price crashed into the uptrend line on my chart and a doji formed at the end of an uptrend. When a doji forms like that during an uptrend it can signal a reversal. Keep your eye on candles like that. Also notice that if you would have sold at the doji and watched it drop it bounced right off the 50 MA. That tells you a lot. Understanding support and...
I first published this chart set up via screen shots posted to twitter. Feb 23rd, 2019 See @golftothecore on twitter. This setup was posted just after the last giant narrow dogi with long wicks above and below (red dogi). I added the "slam down zone" on March 8th. Again, check the twitter. This chart set up was a word to the FOMO crowd ... Exercise due diligence...
Breakout run from EUR open, followed by stop run through 1.1442.
On the 5m chart, 3 pushes shows slowing momentum.
On the 15m chart, doji reversal followed by bearish price action (solid red down). Perfect opportunity to enter when it pulled back to 1.1472.
On the 1h chart, reversal swung to fib618, where another 5m and 15m reversal appeared.
– A Doji is a small bodied Japanese candlestick pattern whose opening and closing are at the same or nearly the same price.
– A Doji is usually part of common Japanese candlestick reversal patterns like the bullish Morning Star and bearish Evening star patterns
– Because Dojis are found in a large number of reversal patterns, traders automatically think that the...
On March 8, 2018, an Inverted Hammer + Bullish Engulfing appeared, signifying a change to the down trend. This is further confirmed by the support line in blue.
Stock rallied for roughly a month plus until April 12, where a Hanging Man appeared (Note the Hanging Man is not as potent as a Shooting Star, but it still gives...