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Counting the legs of a trend candlesticks
Counting the legs of a trend candlesticks When looking at the trend of any currency you will easily notice that the market prices doesn’t just rise continuously if the trend is an uptrend or drop continuously downwards if the trend is downwards. For any trend, there are some retracements along the trend. For example, if…
Next Bar bigger than previous Bar and close then price go up
Next Bar bigger than previous Bar and close then price go up Reader’s message —————— Sir, Thanks for your replay .I see your another nice example and i can understand, you are clear me to step by step so nicely, Sir would you mind please give me another example like this step by step…
Same size body trade
Same size body trade reader’s message —————— After the last big bearish candle in the downtrend, there was a big bullish candle of almost the same body size like the previous (bearish)candle. Again,the last candle was a bullish candle with comparatively smaller body size. The bulls are trying to come into the market to apply…
Trend reversal candlesticks
Trend reversal candlesticks Trend reversal candlesticks are by definition the candlesticks that form during a trend reversal. They have no difference in length from the rest of the candlestick. The only difference is that they form in the opposite direction of the prevailing trend in the market. The trend reversal candlesticks are usually not many…
Break pullbacks and breakout tests
Break pullbacks and breakout tests Breaks are one of the best chances that most traders look out for. But as a trader, he or she should be very careful to detect any break pullbacks. In many cases, the market usually has breakout tests before there is a real breakout. A break pullback is a movement…