๐ง๐ต๐ฒ ๐ฆ๐ฒ๐ฐ๐ฟ๐ฒ๐๐ ๐ง๐ฟ๐ฎ๐ฑ๐ฒ๐ฟ๐ ๐๐ผ๐ปโ๐ ๐ช๐ฎ๐ป๐ ๐ฌ๐ผ๐ ๐ง๐ผ ๐๐ป๐ผ๐.
Time to Learn ๐งต
Time to Learn ๐งต
** ๐๐น๐ผ๐๐๐ฎ๐ฟ๐ **
๐ขBull (ish) = Price is rising
๐ดBear (ish) = Price is falling
๐Resistance:
Price battles to move higher
๐Support:
Price holds at a certain level
๐ขBull (ish) = Price is rising
๐ดBear (ish) = Price is falling
๐Resistance:
Price battles to move higher
๐Support:
Price holds at a certain level
** ๐๐ต๐ฎ๐ฟ๐ ๐ง๐๐ฝ๐ฒ๐ **
โช๏ธCandlestick
โช๏ธLine
โช๏ธBar
There are more, but these 3 are common.
Weโll be ๐ณ๐ผ๐ฐ๐๐๐ถ๐ป๐ด ๐ผ๐ป ๐ฐ๐ฎ๐ป๐ฑ๐น๐ฒ๐๐๐ถ๐ฐ๐ธ๐ ๐ถ๐ป ๐๐ต๐ถ๐ ๐๐ต๐ฟ๐ฒ๐ฎ๐ฑ, as it is the most important and the easiest one to trade.
โช๏ธCandlestick
โช๏ธLine
โช๏ธBar
There are more, but these 3 are common.
Weโll be ๐ณ๐ผ๐ฐ๐๐๐ถ๐ป๐ด ๐ผ๐ป ๐ฐ๐ฎ๐ป๐ฑ๐น๐ฒ๐๐๐ถ๐ฐ๐ธ๐ ๐ถ๐ป ๐๐ต๐ถ๐ ๐๐ต๐ฟ๐ฒ๐ฎ๐ฑ, as it is the most important and the easiest one to trade.
** ๐๐ฎ๐ป๐ฑ๐น๐ฒ๐๐๐ถ๐ฐ๐ธ๐ ๐๐
๐ฝ๐น๐ฎ๐ถ๐ป๐ฒ๐ฑ **
Before we start, we must know that a Stock Price movement consists of the following:
โช๏ธOpening Price
โช๏ธClosing Price
โช๏ธHigh of the day
โช๏ธLow of Day
Before we start, we must know that a Stock Price movement consists of the following:
โช๏ธOpening Price
โช๏ธClosing Price
โช๏ธHigh of the day
โช๏ธLow of Day
Now that we know how to identify the opening, closing, high and low parts on a candlestick.
We must also learn about
โช๏ธUpper shadow
โช๏ธReal Body
โช๏ธLower shadow
Look at the diagrams below ๐๐ฝ
We must also learn about
โช๏ธUpper shadow
โช๏ธReal Body
โช๏ธLower shadow
Look at the diagrams below ๐๐ฝ
Candlestick charts build patterns that predict price direction once completed.
๐๐ฒ๐ฟ๐ฒ ๐ฎ๐ฟ๐ฒ ๐ญ๐ฑ ๐บ๐๐๐ ๐ธ๐ป๐ผ๐ ๐ฐ๐ฎ๐ป๐ฑ๐น๐ฒ๐๐๐ถ๐ฐ๐ธ ๐ฝ๐ฎ๐๐๐ฒ๐ฟ๐ป๐
โช๏ธDoji Star
โช๏ธMorning Star
โช๏ธEvening star
โช๏ธBullish Engulfing Candle
โช๏ธRising Three Method Pattern
โช๏ธBullish hammer
โช๏ธInverted hammer
โช๏ธShooting star
โช๏ธFalling window
โช๏ธMarubozu pattern
โช๏ธBull Flag
โช๏ธBear Flag
โช๏ธTri-Star Bullish Pattern
โช๏ธTri-Star Bearish Pattern
โช๏ธDark Cloud Cover
๐๐ฒ๐ฟ๐ฒ ๐ฎ๐ฟ๐ฒ ๐ญ๐ฑ ๐บ๐๐๐ ๐ธ๐ป๐ผ๐ ๐ฐ๐ฎ๐ป๐ฑ๐น๐ฒ๐๐๐ถ๐ฐ๐ธ ๐ฝ๐ฎ๐๐๐ฒ๐ฟ๐ป๐
โช๏ธDoji Star
โช๏ธMorning Star
โช๏ธEvening star
โช๏ธBullish Engulfing Candle
โช๏ธRising Three Method Pattern
โช๏ธBullish hammer
โช๏ธInverted hammer
โช๏ธShooting star
โช๏ธFalling window
โช๏ธMarubozu pattern
โช๏ธBull Flag
โช๏ธBear Flag
โช๏ธTri-Star Bullish Pattern
โช๏ธTri-Star Bearish Pattern
โช๏ธDark Cloud Cover
1/ Doji Star
It is when the opening and closing price of a security is almost the same. (Small real body)
It signals a potential reversal of a downtrend
(+ vice versa in a bullish trend ) ๐๐ฝ
(Itโs the candle stick in the middle)
Bullish Bearish
It is when the opening and closing price of a security is almost the same. (Small real body)
It signals a potential reversal of a downtrend
(+ vice versa in a bullish trend ) ๐๐ฝ
(Itโs the candle stick in the middle)
Bullish Bearish
2/ Morning star
Is a bullish 3 candle pattern which is formed at the bottom of a move down.
Once you spot a doji, you wait for the 2nd green candle to give confirmation that itโs turning bullish, then you go long.
You set your stop loss at the previous red candles close.
Is a bullish 3 candle pattern which is formed at the bottom of a move down.
Once you spot a doji, you wait for the 2nd green candle to give confirmation that itโs turning bullish, then you go long.
You set your stop loss at the previous red candles close.
3/ Evening star
Itโs the opposite of a morning star. Itโs a bearish 3 candle pattern which is formed on the top of a move up.
Once you spot a doji in an uptrend, you wait for the second red candle and go short.
Itโs the opposite of a morning star. Itโs a bearish 3 candle pattern which is formed on the top of a move up.
Once you spot a doji in an uptrend, you wait for the second red candle and go short.
4/ Bullish Engulfing pattern
It opens lower than the previous days close, and then closes higher than the previous days open.
(+ vice versa for bearish )
A bullish reversal is more likely if the bearish trend is oversold. But canโt be reliant just on its own
Looks like this๐๐ฝ
It opens lower than the previous days close, and then closes higher than the previous days open.
(+ vice versa for bearish )
A bullish reversal is more likely if the bearish trend is oversold. But canโt be reliant just on its own
Looks like this๐๐ฝ
5/ Rising Three Methods Pattern
โช๏ธBullish
The bulls are in control before pausing to see if there is enough conviction in the uptrend.
The red candles are considered consolidation before moving up again in an existing uptrend.
Sellers have no control.
โช๏ธBearish
characterized by two long candlesticks in the direction of the trend, one at the beginning and end, with three shorter counter-trend candlesticks in the middle
This pattern shows traders that the bulls still don't have sufficient conviction to reverse the trend
โช๏ธBullish
The bulls are in control before pausing to see if there is enough conviction in the uptrend.
The red candles are considered consolidation before moving up again in an existing uptrend.
Sellers have no control.
โช๏ธBearish
characterized by two long candlesticks in the direction of the trend, one at the beginning and end, with three shorter counter-trend candlesticks in the middle
This pattern shows traders that the bulls still don't have sufficient conviction to reverse the trend
6/ Bullish Hammer
Hammer candlesticks typically occur after a price decline. They have a small real body and a long lower shadow
The lower shadow should be at least two times the height of the real body.
The price must start moving up following the hammer to confirm upside.
Hammer candlesticks typically occur after a price decline. They have a small real body and a long lower shadow
The lower shadow should be at least two times the height of the real body.
The price must start moving up following the hammer to confirm upside.
7/ Inverted Hammer
This is a bullish reversal pattern, it signals that a stock is nearing the bottom in a down trend.
The inverted hammer looks like an upside down version of the hammer candlestick pattern (above).
When it appears in an uptrend it is called a shooting star.
This is a bullish reversal pattern, it signals that a stock is nearing the bottom in a down trend.
The inverted hammer looks like an upside down version of the hammer candlestick pattern (above).
When it appears in an uptrend it is called a shooting star.
8/ Shooting star
On the right side of the image is a shooting star pattern, it is the opposite of an inverted hammer.
It presents itself in an uptrend and usually precedes falling prices.
On the right side of the image is a shooting star pattern, it is the opposite of an inverted hammer.
It presents itself in an uptrend and usually precedes falling prices.
9/ Falling window
Ever see those gaps in a share price?
It usually happens in a downtrend
It happens when yesterday's low is above today's high, leaving a hole on the daily price chart.
This is a bearish continuation pattern
Ever see those gaps in a share price?
It usually happens in a downtrend
It happens when yesterday's low is above today's high, leaving a hole on the daily price chart.
This is a bearish continuation pattern
10/ Marubozu pattern
Marubozu means โdominanceโ
The close of the day is equal to the high of the day.
Itโs a strong bullish sign, the stock opened and kept rising for the day.
Vice versa for a bearish trend, I use it as a signal that the uptrend is going to continue.
Marubozu means โdominanceโ
The close of the day is equal to the high of the day.
Itโs a strong bullish sign, the stock opened and kept rising for the day.
Vice versa for a bearish trend, I use it as a signal that the uptrend is going to continue.
11/ Bull Flag
It literally looks like a flag poll and the flag.
It is a continuation pattern of an existing uptrend, it consolidates in the opposite direction of the trend and then breaks out.
It literally looks like a flag poll and the flag.
It is a continuation pattern of an existing uptrend, it consolidates in the opposite direction of the trend and then breaks out.
12/ Bear Flag
A bear flag is the opposite of a bull flag. It is the continuation pattern of an existing down trend.
This formation is a strong move down and then followed by consolidation channel upwards before breaking lower again.
A bear flag is the opposite of a bull flag. It is the continuation pattern of an existing down trend.
This formation is a strong move down and then followed by consolidation channel upwards before breaking lower again.
13/ Tri-Star Bullish Pattern
It consists of 3 candles stick lines. All 3 are doji candles. The middle doji is below the other two
A tri-star pattern near a significant support level gives a better confirmation of a reversal of a prolonged downtrend.
Example ๐๐ฝ
It consists of 3 candles stick lines. All 3 are doji candles. The middle doji is below the other two
A tri-star pattern near a significant support level gives a better confirmation of a reversal of a prolonged downtrend.
Example ๐๐ฝ
14/ Tri-Star Bearish Pattern
This is the opposite of a Tri-Star bullish pattern.
It signals a reversal in the current trend.
A tri-star pattern near a significant resistance level increases your chances of a successful trade.
This is the opposite of a Tri-Star bullish pattern.
It signals a reversal in the current trend.
A tri-star pattern near a significant resistance level increases your chances of a successful trade.
15/ Dark Cloud Cover
There is a storm coming, this is a bearish reversal pattern,
It opens above the close of the prior candle and then closes below the midpoint of the green candle.
There is a storm coming, this is a bearish reversal pattern,
It opens above the close of the prior candle and then closes below the midpoint of the green candle.
Thatโs it, thatโs the tweet.
Follow me @talkcentss for more
Follow me @talkcentss for more
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