Hi friends ,
today i'll share with you the most famous
candlestick pattern everyone should know. part 3
we will start with the morning star .
this pattern appear in the downtrend and It indicates the possibility of a price reversal ( long )
second , the evening star appear in the uptrend and It indicates the possibility of a price reversal ( short )
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...
Here is the cheat sheet for the candlestick patterns. They are divided into five groups:
-Bullish Trend Continuation
-Bearish Trend Continuation
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...
The candlestick chart patterns are used by traders to set up their trades, and predicting the future direction of the price movements. There are many candlestick chart patterns. I will be discussing a few of those.
✅ Morning Star is formed after a downtrend indicating a bullish reversal. Generally made of 3 candlesticks, first being a bearish candle, second a...
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...
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,...
I've been getting a few DM's and emails on what I think of the current price action. In past videos and written publications I have said that things got into extreme overbought territory on the shorter time frame charts. I mentioned that things could trade sideways and be a little choppy for a few days while momentum rolls back to neutral territory. If...
Morning star candlestick patterns can be strong reversal signs, but need to be traded safely as they are not always reliable, try to only use them at areas that are likely to be a “bottom” of a trend.
They consist of the first candle being bearish and large bodied, the second candle being a doji, usually tiny with a two distinct wicks and the 3rd candle being...