The Hammer and Inverted Hammer candlestick patterns, two powerful tools adept traders employ for reversals. If you appreciate our charts, give us a quick 💜💜 Here’s what you need to know: 1. Understanding the Essence: Hammer: This pattern typically emerges at the culmination of a downtrend, indicating a potential bullish surge. Its small body and...
Hello dear traders, Here are some educational chart patterns that you must know in 2022 and 2023. I hope you find this information educational and informative. We are new here so we ask you to support our views with your likes and comments, Feel free to ask any questions in the comments, and we'll try to answer them all, folks. 6 Reliable Bullish Candlestick...
There is a tug of war situation among the central banks to hike interest rates. What is the bad and the good that will come out from this? i. Last week of October, European Central Bank officials announced another massive 75 basis point hike, increasing interest rates at the fastest pace in the history of the euro currency. ii. This week, the Federal Reserve is...
A buying strategy in a downtrend. How to identify buying opportunity in a downtrend? Not my preference to buy in a downtrend, but that does not mean we should avoid it when buying opportunity arises. Recognizing it is a downtrend, we keep our buy position short-term; as we are going against the trend. Discussion: Rules in constructing a downtrend parallel...
When markets open (Tokyo/Hong Kong/London/New York/Sydney) they can have different reactions to price movement. One of these reactions can be a quick move up to induce traders to go long and then reverse. This can sometimes be seen as a hammer candle. This particular trade was placed at the hammer candle close. 1% Stoploss above and 1% take profits...
Hi friends , today i'll share with you the most famous candlestick pattern everyone should know. the hammer and inverted hammer appear in the downtrend , It indicates the possibility of a price reversal from bottom to top . hanging man and shooting star appear in the uptrend , It indicates the possibility of a price drop Note: The color of the candle is not important
In this video I explain my favourite candlestick patterns and how to use them in your own trading. Here we describe: Engulfing Candles Doji Candles Hammer Candles And I explain how to use them with confluence & context of where on the chart they occur.
Hello Traders , Have a nice weekend. it's good to learn something even if you knew it before,Seriously some of you know all these patterns but don't know how to use them. First we have to draw our support and resistance area in higher time frames , then we switch to lower time frames to see a candlestick pattern and now you can enter the trade after a little price...
Any feedback and suggestions would help in further improving the analysis! If you find the analysis useful, please like and share our ideas with the community. Keep supporting :) Quick glance: In our previous analysis on XRPUSD , we discussed about Ripple losing a massive market cap. Right now, XRPUSD had a massive reversal. It has taken support from the lower...
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...
Hello Trader's ♥ We Have Today Hammer Price Action Candle -- Bullish / BUY --------------------------------------------------------------------------- It's Come To Convert The Direction From Down To Up After We See This Candle We Can BUY Direct ---- Best Frame :1 Hour - 4 Hour's - Daily - Weekly Best Pairs : All Markets And All Pairs Win Rate Arrive To 100%...
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,...
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...
False breakdowns and false breakouts can be some of the most powerful reversal patterns in the market. We saw the start of one last Friday, when the S&P 500 closed below the key 2347 low from December 2018. Many traders had been watching that line in the sand as key support since the selloff began weeks ago. The bears managed to score some early victories...
Weak Hammer (Example): The chart shows the price of Bitcoin vs. US Dollar. In 02/02/2018, as it says, buyers couldn't raise the price above the day open price, the D1 candle seems a Hammer with bearish body. So the final result wasn't clear and the next day, sellers could pullback the price. (Consider the red thick arrow)
Weak hammer: For having successful and steady transactions, Simple detection of market patterns is not enough. But with a deeper look, we should calculate the success possibility of each pattern. One of the determining power Parameters of hammer stick is about Descending or ascending that the body can be. Thus, if the body of hammer is ascending, Possibility of...
Hammer, The first sign of the beginning Ascending wave: Hammer shows that the war between buyers and sellers, at the beginning of the day sellers could create significant reduction in price, with their high investments. But when the price had come to the lowest extent of it, many of buyers have entered with more investments than sellers. And again they could...
Conditions of a Perfect Hammer: . Body height must be short. . The total height of the candle must be taller than the Daily ATR-264. The taller the candle is, the stronger the Hammer is. . The lower shadow’s length should be very tall. It is better to be over 75 percent of the Daily ATR-264. . The upper shadow does not exist, or if it does, it is very small. It...