Hey traders,
There are multiple different ways to measure the strength of the market reversal from a key level:
✔️some traders apply volumes and look for its sudden spike as a confirmation,
✔️some traders rely on some indicators and look for a particular trigger there as the signal,
✔️some traders, like me, follow the candlesticks and make their judgments...
What is a candlestick?
A candlestick is a type of price chart used that displays the high, low, open, and closing prices of a security for a specific period. We usually denote bullish (upward price movement) with a green candle and bearish (downward price movement) with a red candle.
Candlestick Formation
Body : Formed by the opening and closing price of 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...
█ DISCLAIMER
Are you looking for an answer for Best Quantification of Candlestick Patterns? you are not going to get here. It's just my thoughts about an indicator built on this concept that will be published next month (because I can only post two public indicators per month). Felt to discuss this with the community before head because I am excited to know...
Welcome to the world of candlestick patterns!
💜If you appreciate our charts, give us a quick 💜
Doji candlesticks, with their equal or nearly equal open and close, offer crucial insights into market indecision. Understanding these formations is key to anticipating potential reversals and trade decisions. Let’s delve deeper into their significance and how to...
In the intricate world of forex trading, understanding the nuances of candlestick patterns is akin to deciphering a secret code. Candlesticks are more than just price representations; they embody the ebb and flow of market sentiment. In this comprehensive article, we will delve into the characteristics of crucial bullish and bearish candles, unveiling the...
In this video, I explained in detail the two most important candlestick patterns that you will ever need to make money from the financial market consistently.
Hey guys,
as we all know a chart/price doesn't always go up between a rest in between, but how can we understand its correction based on the candlesticks?
📍 right after a bull run we may see a red candle with huge wicks usually we panic after seeing those candles
⚠️ don't worry guys! If a red candle closes at the bottom of half of the previous green candle...
Engulfing candlestick is formed when it completely engulfs the previous more than one candle but be considered an engulfing candlestick pattern because in Engulfing at least one candle must fully engulf.
Types of Engulfing Candlestick Pattern
Bullish Engulfing Pattern
Bearish Engulfing Pattern
#1 Bullish Engulfing Pattern
Bullish Engulfing pattern consists...
Hello, everyone!
While Bitcoin is playing out our long signal it’s time for educational content. Today I wanna show you the candlestick formations which predict the reversals in crypto. I know that in the books we can find more formations with different names, but in practice only these patterns does matter in reversals. All these formations play out with the...
✅Candlestick patterns trading is one of the oldest but most effective ways to analyze the foreign exchange market. The trader needs to find certain patterns, and based on them, decide where the price will go. Today we will talk about one of these candlesticks, which is called the "engulfing candle". There are two types of it: bullish and bearish. The appearance...
An overview of Candlesticks
A candle represents the changes in price over an interval of time, such as 1 day or 1 minute. The main body of the candle illustrates the opening price at the start of the time interval and the price when the market closed at the end of the interval. The head and tail represent the highest and lowest prices during the interval.
If...
Can you blend or put together many candlesticks together in your head? If you can do this your profits and win rates will improve.
Blended several four hour candlesticks together to make a Bullish piercing pattern: on AUDJPY
1) Look for a sharp down move (Bearish) - two /4 hour candlesticks
2) Look for a move up (Bullish)- three/4 hour candlesticks= with price...
A new candle type that I think I prefer to use because it does a better job showing trends and potential reversals than regular candles. If nothing else its another tool to help other than the usual indicators I use. I am going to start posting more educational material. We can all get the same team and help each make more money.
The formula for these candles...
➡️ Hi Trader's Whats Up Today ? Am Feel Good With New Education Post Will Inform You Many Details About Candles And Price Action ..
Let,s Start With " Bullish Candle Stick Patterns " ✅⬆️✅
1- Hammer
2- Inverted Hammer
3- Dragon Fly Doji
4- Bullish Spinning Top
5- Bullish Kicker
6- Bullish Engulfing
7- Bullish Harami
8- Tweezer Bottom
9- Morning Star
10 -...
Each Candlestick consists of four important elements:
1) The Body- Large bodies equals more liquidity and more volume involved in candlestick, smaller is other side which is smaller liquidity and volume.
2) The Length Of The Wicks- Larger wicks equals higher or lower rejection of price action, from the other side. Example: Pin bar candlestick at top of a...
![EURUSD: [Candlestick] Lesson 1: How to Read a Candlestick?](https://s3.tradingview.com/7/7l4nNfze_mid.png "[Candlestick] Lesson 1: How to Read a Candlestick?")
