Best Candlestick pattern strategy for Btst:-
Inside Bar Candlestick Pattern
Please read full thread.
Tried my best to explain in a simple and effective way.
#StockMarket #Btst
Inside Bar Candlestick Pattern
Please read full thread.
Tried my best to explain in a simple and effective way.
#StockMarket #Btst
This pattern contains of 2 candles.The first candle is known as the mother and the second is known as the child.
The first candle will be a large candle and the second will be a smaller candle that is completely inside the mother candles high and a low is known as a child candle.
The first candle will be a large candle and the second will be a smaller candle that is completely inside the mother candles high and a low is known as a child candle.
If market is in consolidation zone and it gives breakout and forms inside bar candlestick pattern. Then it will be good for btst entry.
Where to take entry:-
Entry will be taken at the EOD if the next candle breaks above the high of the mother candle and closes above it. The stop loss will be below the low of the mother candle. If the mother candle is too large we can also take the child low below as stop loss.
Entry will be taken at the EOD if the next candle breaks above the high of the mother candle and closes above it. The stop loss will be below the low of the mother candle. If the mother candle is too large we can also take the child low below as stop loss.
Points to remember :-
When any trend bull or bear continues it will form in between many times which will give more power to the bull or bear trend.
If multiple child candles form in the mother candle, it indicates a major breakout after consolidation.
When any trend bull or bear continues it will form in between many times which will give more power to the bull or bear trend.
If multiple child candles form in the mother candle, it indicates a major breakout after consolidation.
Best works in trending market.
Not good for range bound market.
Best time frame : 1 day
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I post such threads time to time .Follow @FlamingoTrader_ for regular updates.
Not good for range bound market.
Best time frame : 1 day
Retweet the first tweet.
I post such threads time to time .Follow @FlamingoTrader_ for regular updates.
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