Takuri: shadow down - trend reversal Takuri: shadow down - candles confirmed reversal
The main thing that everyone is interested in is, of course, what candles can confirm a market reversal.
One of the main candles immediately pointed out by the Japanese is the Takuri. The Americans called it a pin bar, where a pin is the shadow of a candle, which is longer than the body. Another name is "Hanging Man". A lot of names, the essence is the same. According to the Japanese, the color and the size of the body of such a candle is not very important. The main thing is the lower shadow, which is much longer than the body.
Such candles certainly reflect investor psychology. Here this long shadow is an indication that the bulls were significantly stronger than the bears during the candles. Of all the candles in existence, pinbar have the strongest signal. It should be interpreted using trends, channels, support/resistance and other candles, as well as confirmed.
Remember: Pinbars cannot be used as an independent signal.
If you can find a good confirmation for the pinbars, however, they can become the basis or addition to your trading strategy. As a result, quite a few systems are based on pinbars.
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Candles
ETH 5.0 Final call 🚞🚂 Pips Pips Pips Eth is launching up and still has a lot of room to go comparing current daily, weekly, monthly charts to previous timeframes at these levels.
Eth 5.0 will be launching December. Curious to see if this will keep ETH over the 500$ price for good now.
In the meantime, Pips off Dips 📈🚀
BTC-Highest monthly candle closing in history ? We are so close
Hello everyone,
I think that this chart do not need any extra explanations as it is self explanatory.
Bitcoin is attacking highest monthly candle close in history tonight.
It is very important moment to watch. Goes in hand with Bitcoin dominance chart as well so I do recommend to take a look at the BTC.D chart as well as it can hint us if ALTs relief rallye is upon us or not.
Stay SAFE
ChaChain
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Disclaimer:
I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
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Trend Continuation Candlesticks PatternsTrend 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 the continuation of the uptrend. Ideally, the red candles shouldn’t breach the area of the previous candlestick. The continuation is confirmed with a green candle with a large body, symbolizing that bulls are back in control of the trend’s direction.
Falling three methods
The inverse of rising three methods, indicating the continuation of a downtrend instead.
It’s relevant to note that candlestick patterns aren’t fundamentally a buy or sell signal by themselves. They are rather a way to look at market structure and a potential indication of upcoming opportunities.
My dear friends, the sooner this publication gets 300 likes, the earlier I will make the next education post about other candlesticks patterns.
Best regards EXCAVO
WILL BE CLOSING MY LONG & ENTERING MY SHORT FAIRLY SOON...After 4 HR close on red bearish full body candle for some confirmation of a short incoming trade,will look for some volume to make sure this is not a double FAKE OUT , so far we have gotten rejected 11 times/FAILS at the new resistance level @ $11100.00 0n the 1 HR not being able to kick thru and move higher and finish this bullish fake out , so i believe we are going lower and will be closing the CME gap @ $9600.00 , maybe not tonight while the market is still consolidating and making up its crazy mind but it should close the gap soon after at market open Monday morning or soon after as it always fill sooner then later the market riggers/whales are very impatient
$JCP $JCPNQ At a Precarious Make or Break PointThe Company recently filed for bankruptcy. Some calling it the next Hertz, but it might turn out to be the next Sears instead. Either way we're just looking at the technicals, and that usually tells the story on whether its a good flip or swing trade and usually it would be, for a few days.
However this one has shown the gains go as fast as they come and precaution needs to be taken on jumping the trade, the timing has to be impeccable as the algos are quick to take it back down.
Trade with caution.
MOTHERSUMI 03 July 2020MOTHERSUMI 03 July 2020
SHORT-SELL 2/3 LOT OF MOTHERSUMI @ 97
Dear traders kindly follow our signals for maximum profits, our signals are based on analytics, algorithms, mathematical derivatives.
Always be a responsible trader, kindly trade only when you have maximum opportunity in the market with minimum risk and with keynotes like data,analysis and proper strategies.
Kindly message me for profit making signals and trades.
Also please read the comments section for changes i give if any changes in the entry level
GLENMARK 01 JULY 2020GLENMARK 01 JULY 2020
SHORT-SELL 2/3 LOT OF GLENMARK @ 430
Dear traders kindly follow our signals for maximum profits, our signals are based on analytics, algorithms, mathematical derivatives.
Always be a responsible trader, kindly trade only when you have maximum opportunity in the market with minimum risk and with keynotes like data,analysis and proper strategies.
Kindly message me for profit making signals and trades.
Dear traders kindly follow our signals for maximum profits, our signals are based on analytics, algorithms, mathematical derivatives.
Always be a responsible trader, kindly trade only when you have maximum opportunity in the market with minimum risk and with keynotes like data,analysis and proper strategies.
Kindly message me for profit making signals and trades.
HEROMOTCO 30 JUNE 2020HEROMOTCO 30 JUNE 2020
CASH HEROMOTCO BUY ABOVE 2551 SL 2533 TARGET 2559/2569/2579
Dear traders kindly follow our signals for maximum profits, our signals are based on analytics, algorithms, mathematical derivatives.
Always be a responsible trader, kindly trade only when you have maximum opportunity in the market with minimum risk and with keynotes like data,analysis and proper strategies.
Kindly message me for profit making signals and trades.
Also please read the comments section for changes i give if any changes in the entry level
EURUSD Buy (already happened when post, educational purpose)Totally forgot to post it in London session today, so I am posting it even now for educational purposes.
So we look DXY getting lower (correction , overall bias is bullish still)
We had USD news, and entered EURUSD buy and USDCHF sell, BEFORE the news
(we know news are the excuse, so news came negative so dollar dropped, and our setups played out).
Also we hade many EQHs to clear (so we cleared a lot of liqiudity as targets).
We had 15M Institutional Candle that cleared liquidity, and actually entered on mitigation point.