they are called institutional candle for a reason you just need to find out why, without that you can be fooled. of course they exist, all you need is the context to their existence, then name them what ever you want.....
this is a quick chart today. the point of this chart is to illustrate how zooming out even 30min can change your whole perspective on how the market is moving. left side 1h chart right side 1.5hr(90min) chart within the circled range (the breakout) you can see in the 1HR chart 3 red candles vs. the 1.5HR chart has no red candles. NONE! if your waiting for...
Hanging man The hanging man is the bearish equivalent of a hammer (bullish pattern). It typically forms at the end of an uptrend with a tiny body and a long lower wick. The lower wick designates that there was a large sell-off, but bulls headed to take back control and drive the price up. Holding that in mind, after a lengthened uptrend, the sell-off may act as...
Trend Continuation Candlesticks Patterns There are countless candlestick patterns that traders can use to identify areas of interest on a chart. These can be used for day trading, swing trading, and even longer-term position trading. Rising three methods This pattern occurs in an uptrend, where three consecutive red candles with small bodies are attended by...
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, my dear-dear friends!!!😍As promised you, today we’ll talking about 🎎Japanese candles!!! ---Link on a good view🧡🧡🧡 🧐🧐If you are interested in learning about the configurations of Japanese candles, write about it in the comments, I make new post for you✍🏻 ☝🏻Before analyzing any chart, trader can choose the option of displaying it in the form of lines, bars...
HI BIG PLAYERS, in this tutorial I want educate you my experience, how to find really cheap entry for trading. In this example it was possible to take part on a 1:10 trade. It means for 1 USD investment you could take 10 USD return (Risk-Return-Ratio => RRR). ///////////////////////////////////////////////////// E X A M P L E F O R A B U L L I S H T...
You've probably heard the term used in a sentence somewhere, for example, "I'm now looking for divergence on the one hour chart of bitcoin because a local high has been established" Well this snap shot shows how a local high for an hourly time frame is established. The top of the wick (the highest point reached as of late) is at $13880 and soon after you see a...
Here is a quick guide to Japanese Candlesticks. I went over the basics of candlestick construction & some of the common patterns we see a lot