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Candlestick analysis

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. Push like if you think this is a useful idea! Write your comments and questions here! Thanks for your support!
Education
by Yuriy_Bishko
15
SPX: Some Key Points to keep in mind!Hello traders and investors! It’s been a while since my last analysis on SPX, but let’s see how it is doing this Friday! First, it filled the Exhaustion Gap , showing some signs of weakness, and today it lost the black line at 3710, triggering a pivot point that could lead SPX to lower levels. Since the trend is still clearly bullish, a retest of the purple trendline is something we can work with right now, for the short-term. This target makes sense if we look at the daily chart as well: We have a Bearish Engulfing today, and this indicates that the index could drop to the dual-support area around the 21 ema and the blue line (previous top/previous support). So far, I can’t tell that this is a reversal sign because the volume was very low today, meaning that this is not a real sell-off, but people booking profits instead. All we know that this could be the beginning of a pullback to the points mentioned above. Next week we’ll have more info. These are the Key Points for SPX right now. If this idea helped you, consider following me to keep in touch with my daily analyses. And please, support this idea if you liked it! Thank you very much, have a great weekend!
SP:SPX
by Nathan_The_Finance_Hydra
2
GBPUSD Continuation to the upside WHATS UP YALL, IM BACK WITH ANOTHER IDEA! If you havent already, you are missin out. Go ahead and join the fam and lets attack the markets! So we got GBPUSD, i noticed that we are sitting on a major support level that price established previously. That paired with eh fact that we are already up trending in the hourly chart allows us to be biased towards the upside. If you take a look at the 15M you will see the rectangle's area is a liquidity zone since it is bouncing in the same small range over and over. This gives us the "power" tp push up since the market is just eating at that point. If the hourly candle can close about the previous candle, we will be biased towards the upside. I have already entered the trade and plan to hold to the first green dashed line. Waiting for further price action, we can possibly enter another buy IF price shows strong indication of continuing. All that being said, use correct risk management and be prepared for anything as nothin is certain in the markets, all we can do is make calculated analysis and do our best. TRADE SAFE, TRADE PRECISE! PEACE OUT YALL
Long
by fastboiijd
1