Reversal candles ( Basic)!
1. Double Bar Low Higher Close ( DBLHC)
The DBLHC pattern consists of two candles.
The Lows of both candles need to be very close (within few pips).
The Close of the 2nd bar need to be Higher than the previous bar's high.
2. Double High Lower Close (DBHLC)
The DBHLC pattern consists of two candles.
The Highs of both candles need to be...
10 chart patterns every trader needs to know!
- Best chart patterns
1. Head and shoulders
2. Double top
3. Double bottom
4. Rounding bottom
5. Cup and handle
6. Wedges
7. Pennant or flags
8. Ascending triangle
9. Descending triangle
10. Symmetrical triangle
10 chart patterns every trader needs to know!
- Best chart patterns
1. Head and shoulders
2. Double top
3. Double bottom
4. Rounding bottom
5. Cup and handle
6. Wedges
7. Pennant or flags
8. Ascending triangle
9. Descending triangle
10. Symmetrical triangle
Sideways Trend - Definition A sideways trend comprises a series of price swings existing within the range of a significant upper resistance area and a significant lower support area . The range support and resistance boundaries (range lower and upper boundaries) may be formed from either higher timeframe S/R and/or significant trading timeframe swing highs or...
Sideways Trend - Definition A sideways trend comprises a series of price swings existing within the range of a significant upper resistance area and a significant lower support area . The range support and resistance boundaries (range lower and upper boundaries) may be formed from either higher timeframe S/R and/or significant trading timeframe swing highs or...
Hi and welcome to this educational post:
Here is some of the important Reversal Candlestick patterns :
1.Hammer :
we can say lower Shadow is at least twice size of body and body close and open points are near each other (small body) and the candle formed like a hammer and beacuse of this we call that ... and hammer has high reversal potential to upside
...
The One Chart Pattern That You Must Trade
What's a "first pullback"?
This is just the first pullback after a significant price event. For example:
- The first pullback after a trend line break.
- The first pullback after a breakout.
- The first pullback after break down (short).
- The first pullback after any wide range candle.
- The first pullback after a break...
The One Chart Pattern That You Must Trade
What's a "first pullback"?
This is just the first pullback after a significant price event. For example:
- The first pullback after a trend line break.
- The first pullback after a breakout.
- The first pullback after break down (short).
- The first pullback after any wide range candle.
- The first pullback after a break...
CANDLESTICK PATTERN:
EVENING STAR
The evening star is a three-candlestick pattern that is the equivalent of the bullish morning star. It is formed of a short candle sandwiched between a long green candle and a large red candlestick.
It indicates the reversal of an uptrend, and is particularly strong when the third candlestick erases the gains of the first candle.
CANDLESTICK PATTERN:
THREE BLACK CROWS
The three black crows candlestick pattern comprises of three consecutive long red candles with short or non-existent wicks. Each session opens at a similar price to the previous day, but selling pressures push the price lower and lower with each close.
Traders interpret this pattern as the start of a bearish downtrend, as...
What is a Retest?
Retests in the Forex market come in all shapes and sizes. They can come after a market breaks a key horizontal level of support or resistance or a breakout from a wedge pattern.
Market Dynamics of a Retest and Confirming Price Action
What is a Retest?
Retests in the Forex market come in all shapes and sizes. They can come after a market breaks a key horizontal level of support or resistance or a breakout from a wedge pattern.
Market Dynamics of a Retest and Confirming Price Action
The 3-Step Method That Predicts a Change in Trend
The three steps are:
1. A trendline is broken.
2. There is a retest and failure.
3. Price falls below the prior low
These three steps define a stock that has moved from an dowtrend to a uptrend. Learn these three steps and you will never trade on the wrong side of the trend again.
Step 1. A trendline is...
The 3-Step Method That Predicts a Change in Trend
The three steps are:
1. A trendline is broken.
2. There is a retest and failure.
3. Price falls below the prior low
These three steps define a stock that has moved from an dowtrend to a uptrend. Learn these three steps and you will never trade on the wrong side of the trend again.
Step 1. A trendline is...
Hi and welcome to this educational post:
Here is some of the important Reversal patterns :
1.Double Top:
price two unsuccessful times try to break resistance and continue the trend but second time that failed if the price fall more than previous support that formed (fall under neck line) then pattern completed and falling would start .
2.Head & Shoulder :
has...
"It is common for investors to enter the financial markets with a desire to earn money, but forgetting that they can also lose." You have to bear in mind that it is equities, so there is always a risk, and you have to know how to quantify it to avoid great scares.
According to recent statistics, about 85% of investors lose money in the stock market. Although it...
(Review) Definition trend and change of trend ( Trend reversal)
EX:
Discussion:
Downtrend - Definition
A downtrend comprises a repeating sequence of:
1) A downward extension
2) A swing low
3) An upward pullback
4) A swing high
A downtrend ends when price breaks the swing high which leads to the lowest swing low of the trend
Uptrend - Definition
An uptrend...
(Review) Definition trend and change of trend ( Trend reversal)
EX:
Discussion:
Downtrend - Definition
A downtrend comprises a repeating sequence of:
1) A downward extension
2) A swing low
3) An upward pullback
4) A swing high
A downtrend ends when price breaks the swing high which leads to the lowest swing low of the trend
Uptrend - Definition
An uptrend...
