Greetings, traders! 📈 Excited to share with you my latest discovery - the Pulse Pin Pattern! 🕯️✨ This three-candlestick formation is a powerful tool for identifying potential trend reversals or continuation. Let's dive into the details for both bullish and bearish scenarios. Bullish Pulse Pin Pattern: In the bullish case, keep an eye out for the following...
Inside bar refers to a candlestick pattern that consists of two candlesticks in which the most recent candlestick will form within the range of the previous candle. It is the most widely used candlestick pattern and there is a clear logic behind this pattern. It can make you a profitable trader if you will use it in the correct way.
Please google, you tube or PDF all of these following FOUR candlestick reversal patterns, so you can win at trading Forex. (look at them on chart too) 1) Harami candlestick pattern- Bearish or a Bullish Harami, the pattern will contain two candles and the second will be smaller than the first. Harami actually means pregnant woman in Japanese, which makes sense...
The pin bar candlestick pattern is one of the best candle patterns available and one of the most reliable candlestick reversal formations you can see on the Forex or stock market. The pin-bar candlestick can be seen frequently on Forex charts and the best tradeable pin-bars are usually located at the end of impulse waves, and extend outside of the preceding price...
This is called a Bullish "Marubozu" Candlestick. This candle is considered a weak indicator. Depending on what comes after this candle , this could be a bullish continuation or bearish reversal. This candle usually have no wicks on either end. The color of this candle is either Green or White. Check your charts and search for them everywhere and see what comes...
Shooting Star is a bearish candlestick reversal pattern. It signifies the end of an uptrend and the potential start of a downtrend. Its opposite is the Morning Star. When analyzing this pattern, we should observe if the confirming candle closes within the lower third of the range formed. This condition acts as a filter when deciding whether to initiate a trade or...
Educational Series Price Action concept series Engulfing pattern Engulfing means to coverup small thing with larger thing. It is a pattern which shows counter attack made by bulls or bears. Bullish Engulfing Whenever the entire of body red candles(Bear) is covered by Big green candle(Bull) then it is called Bullish engulfing candle. This pattern shows...
Hi friends , today i'll share with you the most famous candlestick pattern everyone should know. part2 bullich engulfing and bullish harami appear in the downtrend , It indicates the possibility of a price reversal ( long ) bearich engulfing and bearich harami appear in the uptrend , It indicates the possibility of a price reversal ( short)
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
The pin bar is a single candle pattern which can be found forming across all currencies and all time-frames in the market. It falls into the category of price action reversal patterns due the fact it's appearance is supposed to be a signal a reversal is going to occur. Although it must be said that very few pin bars actually cause large reversals to take place in...
So here I am following on from the previous post, we have moved to the 4H chart, and I have taken a deeper delve into how to filter the candles out to find optimal ones, and look here, all the Bullish engulfing under the moving average... very poor performance, but the Bearish engulfing that is rejecting the moving average, remember previous post we talked about...
What it is? Candlestick rejection strategy is a pure price action swing trading strategy. It makes use of the concept of price rejection or candlestick rejection patterns to invalidate counter-trend momentum for a trade continuation. By applying such candlestick rejection strategy onto swing trading, it allows trades to capture spots at which market prices are...
Candlestick patterns are frequently applied for the identification of early trend reversal signs. Here are the three most common reversal formations that you may encounter trading different markets: 1️⃣ - Equal inside bar formation Once the price reaches some important pivot point quite often it tends to form a weak candle with a long rejection wick (long...
These candlestick patterns are used for predicting the future direction of the price movements. In this tutorial, we will discuss powerful candlestick patterns . Stay green
Harami or Inside Two Candlestick Pattern: Shows us: Price is not willing to break beyond the previous bars range. Tug of war between buyers and sellers. Important point: Use these patterns in conjunction with support and resistance to trade. Risk management involves: lot size, entry, stop loss and exits.
Candlestick patterns are frequently applied for the identification of early trend reversal signs . Here are the three most common reversal formations that you may encounter trading different markets: 1️⃣ - Equal inside bar formation Once the price reaches some important pivot point quite often it tends to form a weak candle with a long rejection wick ...
Key Legend of GBPAUD 1 hourly candle and meanings: (Bullish Big Shadow Pattern Is On Chart) A) Major Support- Big Shadow pattern is at 1.80000 (huge psychological big bank/institutional number)- four zero's!!! B) Big Shadow Pattern- two big candlestick pattern (one going down/one going up-bullish or one going up/one going down-bearish). C) London Start- A lot...
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 the signal that the bullish trend is...