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Candlestick analysis

GBPJPY - Bearish SharkA Bearish Shark Pattern as a countertrend trade form up on both GBPJPY and EURJPY 1-hourly chart. As we know the shark pattern can have as many as 3different entry prices, these 2 patterns only have one. And both of them has RSI Divergence. That's one thing I love about these setups. Comparing the 2, EURJPY would be a much-preferred pair as it forms upon structure. We have also learned that cherry-picking don't do us much good. I'll engage both trading setups. I'll include the link to the EURJPY for your reference.
Short
by RaynLim
AUDCAD - Bullish Deep Gartley @ XA Bullish Deep Gartley Pattern complete at X might be a Harmonic Pattern that traders may forego. Well, for me this is 1 of the best setup as I got the lowest risk possible and highest return. And to make things even better, I've engaged a single target short with 2unit when the candle break and close outside of my channel as a potential bearish flag formation. In a way, this trade is risk-free for me. If you decide to engage the trade, you have to observe how the candle react when it approach this region.
Long
by RaynLim
Candlestick Charts Part 3: ContinuationHello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ NOTE: some pattern could be reversal and continuation patterns depending if its in an uptrend or downtrend. Today's video will be about the Candlestick Chart : Continuation Patterns. Continuation Patterns are candlestick patterns that tend to resolve in the same direction as the prevailing trend. So lets start by talking about the different types of Patterns : Bullish Continuation Patterns Bearish Continuation Patterns And they are divided into 3 groups : Weak Patterns Reliable Patterns Strong Patterns We Start with the Strong Continuation Patterns : 1) Rising Three Methods : is a five candlestick bullish continuation pattern. The first candlestick is a large bullish candlestick that takes place during an uptrend. Then a group of two to four small body candlesticks (either bullish or bearish) retreat within the price range established by the first day’s real body bullish candlestick. The final candlestick of the pattern is another large bullish candlestick that closes above the first day’s closing price. 2) Falling Three Methods : is a five candlestick bearish continuation pattern. The first candlestick is a large bearish candlestick that takes place during a downtrend. Then a group of two to four small body candlesticks (either bullish or bearish) slowly ascend within the price range established by the first day’s real body bearish candlestick. The final candlestick of the pattern is another large bearish candlestick that closes below the first day’s closing price. 3) Deliberation in an uptrend : A deliberation structure is comprised of three Japanese candlesticks. All three are bullish (green). The first is a candlestick with a small body followed by a large full candlestick. Finally, the last candlestick also has a small body and forms a star. 4) Concealing Baby Swallow in an uptrend : The Concealing Baby Swallow is a four-line candlestick pattern, which appears so rarely. Two Black Marubozu candles appearing one after the other are very uncommon situation on the candlestick charts what limits the appearance of this pattern. Now Lets Talk about the Reliable Continuation Patterns : 1) Bullish Separating Lines : Bullish separating lines pattern is a two-candle bullish continuation candlestick pattern that comes up in the middle of a bullish trend. It indicates that the current bullish trend is about to continue after a temporary pullback. 2) Bearish Separating Lines : The bearish separating line is known as a bearish continuation pattern. The first line is a white candle that comes up as a long line in a downtrend. The second line is made up of a black candle that comes up as a long line. Both bars will open at the same price, and then the prices are separating. 3) Bullish Matching High : This pattern involves two or more matching highs. On a lower timeframe chart this pattern will look like a support or resistance being broken. Breakouts are used by traders a trigger to enter the market with the momentum of the breakout signaling a new leg of a trend. 4) Bearish Matching Low : This pattern involves two or more matching lows which if broken is a signal that there will be a resumption of the current trend. 5) Upside Tasuki Gap : It is a bullish continuation candlestick pattern which is formed in an ongoing uptrend. This candlestick pattern consists of three candles, the first candlestick is a long-bodied bullish candlestick, and the second candlestick is also a bullish candlestick formed after a gap up. The third candlestick is a bearish candle that closes in the gap formed between these first two bullish candles. 6) Downside Tasuki Gap : Downside Tasuki Gap is a bearish continuation pattern that forms in the middle of a downtrend. The first candle is bearish, and is followed by a negative gap and another bearish candle. The third candle is bullish and closes right in the gap between the first two bars. And Last but not least The Weak Continuation Patterns : 1) Advance Block : The advance block is a three bar pattern. The pattern appears as a block of three white, rising candlesticks, each with a shorter body than the last. The candles should not have overly long shadows as these can sometimes develop into other pattern types such shooting stars and hanging men. 2) Stick Sandwich : The stick sandwich candlestick pattern can occur in both bull and bear markets. The stick sandwich candlestick pattern consists of three candlesticks, where one candlestick has an opposite colored candlestick on both sides. The closing prices of the two candlesticks that surround the opposite colored candlestick must be same. 3) Bullish Side by Side White Lines : – It occurs during an Uptrend; confirmation is required by the candles that follow the Pattern. – The First Candle is white. – Then there is a Gap Up between the First and Second Candle. – The Second and Third Candle are white, their Real Bodies have the same length; moreover they have the Open at the same level (More or less) and is above the Real Body of the First Candle. 4) Bearish Side by Side White Lines : – It occurs during a Downtrend; confirmation is required by the candles that follow the Pattern. – The First Candle is black. – Then there is a Gap Down between the First and Second Candle. – The Second and Third Candle are white, their Real Bodies have the same length; moreover they have the Open at the same level (More or less) and is below the Real Body of the First Candle. 5) Bullish On Neck Line: The on neck candlestick is a continuation pattern. In an on neck pattern, the first candle is Bullish and the second one is Bearish. The first candle’s body is long while the second one is shorter. The second candle closes near the first one or close to the first candle. The pattern gets its name because at the point where the closing prices of the two are nearly the same or same, it forms a horizontal line which looks like a neck or a neckline. 6) Bearish On Neck line : The on neck candlestick is a continuation pattern. In an on neck pattern, the first candle is bearish and the second one is bullish. The first candle’s body is long while the second one is shorter. The second candle closes near the first one or close to the first candle. The pattern gets its name because at the point where the closing prices of the two are nearly the same or same, it forms a horizontal line which looks like a neck or a neckline. I hope that I was able to help you understand Continuation Patterns in Candlestick Charts better and if you have any more questions don't hesitate to ask. Hit that like if you found this helpful and check out my other video about the Moving Average, Stochastic oscillator, The Dow Jones Theory, How To Trade Breakouts, The RSI , The MACD , The Bollinger Bands , The Different Types Of Trading Strategies, Candlestick Charts Part 1 & 2 links will be bellow
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COINBASE:BTCUSDEducation
by GabiDahduh
36
My favorite and recommended Indicator introduction PART ONEGreetings, this post is to introduce some of my favorite indicator that i have used during the invesment strategy, also to thank for your following and supporting. I decided to publish these indicator in free. I choose some suitable indicator and combine them together to show you their accuracy and practicality. I hope these indicators may help to improve your investment strategy and gain the profit more steady. ======================================================================= Kindly Reminder : All of the indicators must have to be tested multiple times before you use them in your investment strategy, to prove their effectiveness and praticality for yourself. Not recommend to use these indicators directly to your investment strategy before test. None of the indicators have absolutely accuracy in trend studying, do not put 100% trust to any indicators, but always observe the change of trend and market enviroment. Please be responsible to your own investment behaviour. Thank you. ======================================================================== --------------------------------------------------------------------------------------------------------- ( 1 ) UCS_TOP & BOTTOM CANDLE This indicator quite similar as MACD but a different indicator. Red colour at the top, means uptrend; Green colour at the bottom, means downtrend. Beyond the red area means overbought, below the green part means oversold. The yellow bar in the middle means the strenght of buying and selling, more longer means the strength is more stonger. You will see some of the candle sticks in the chart turn green colour, it shows you the candle that is turn signal of up trend and downtrend. When the blue line and red line cross over and the blue line above red line, that is uptrend. Red line above blue line and go down, is down trend. My favorite level :★★★★☆ Pratical level :★★★★☆ My comments : You can easily to catch the moment to buy in and sell out. Maybe it will be at least one day delay but still majority accurate to the trend. However, if you want to use it for the Index trend like Hang Seng Index, SPX500, Bursa Malaysia or etc, the accuracy of the trend could probably only 65% and is NOT RECOMMENDED to use this indicator alone to the Index trend. You may see the result by my Hang Seng Index Chart You have to combine more indicator with it to increase its accuracy. If there has any major event or crisis happened to market, the unstable situation will cause the inaccuracy to the indicator. But, it is still a nice indicator for the steady trend and common share trending. --------------------------------------------------------------------------------------------------------- ( 2 ) SSL_HYBRID There is a thick line divided into red and blue colour. This is EMA (Expontential Moving Average) of the trend. Above the EMA, the candle stick and the part of the EMA will turn into blue colour, to show uptrend. Below the EMA, the candle stick and the part of the EMA will turn into red colour, to show downtrend. Middle of the EMA, the candle stick and the part of the EMA will turn into grey colour (mix by red and blue) means the trend is unknown or will be changed to uptrend or downtrend. You will see red arrow and blue arrow. When the candle stick and EMA appear to be uptrend signal, the blue arrow will appear at the bottom of the candle stick. When the candle stick and EMA appear to be downtrend signal, the red arrow will appear at the top of the candle stick. My favorite level :★★★★★ Pratical level :★★★★☆ My comments : This indicator is suitable to combine with the (1) indicator and is easily to be read and catch the trend easily. The accuracy will increase to 5 STARS if it combined with other indicator. Maybe at least one day delay. There are not too many shortcomings, a lot of testing is required. Suitable for the Index trend reading. --------------------------------------------------------------------------------------------------------- ( 3 ) SSL-CROSSOVER Same as (2) for the trend reading, red cloud part means downtrend, green cloud part means up trend. When the available buy in or sell out point appear, below or above the candle stick will appear a cross shape signal. But this indicator has a special function is that, when it confirms the trend is available to buy in or sell out, it will appear a word signal (buy@open) and (sell@open) above and below the available candle stick. This will help you to have a further confirm of the trend changing and the timing to buy in and sell out. My favorite level :★★★★☆ Pratical level :★★★☆☆ My comments : You may combine this indicator with (2) or other indicators, to help you confirm the timing of buy in and sell out.May increase accurancy by combining it with other indicator. However, the cross shape signal will delay one or two day to appear, and after confirm the availabel of the trend, the word signal will only appear after the cross shape signal. But if you have enough confidence for the cross shape signal only, you may decide to buy in or sell out before the word signal come out. If there has any major event or crisis happened to market, the unstable situation will cause the inaccuracy to the indicator. You may see the result in my Hang Seng Index Therefore, i recommend to combine this indicator with others in pratical, and need a lot testing before you apply it in your investment strategy. ================================================================== This is my first part of indicator introduction, i hope have other chance to share more indicators with you again. Wish you have a nice day. ====================================================================
TVC:HSIEducation
by lsking0425
3
USDJPY - Bearish BatA Bearish Bat setup for a Harmonic Patterns as a trend trading trade. I didn't shoot this to my trade ideas community because there is some form of risk on this setup. The long shadow candle or a pin-bar that was highlighted with the yellow eclipse is the reason that probably you shouldn't engage in this trade. But I'm getting adventurous today, because base on structure, it is telling me that the buyers can't keep it at the level and close low, which in turn show a pretty strong bearish candle.
Short
by RaynLim
Should Bitcoin's hodlers be concered ? Hi everyone, As we can clearly see from the chart's candlesticks it is easy to claim that the buyers are getting weaker but does it mean that the bull-run is over? 🐃 📍 the answer is absolutely "NO"! First, I would like to say that the candles with huge wicks at both ends have a meaning: WAR between bulls🐃 and bears🐻. 🧐 but what do they mean when they happen after a bull-run or a upward trend? 📍It may show us the time buyers and seller kill before a reverse trend; what does mean? Let me explain you easily by giving an example! ✍🏼 Bitcoin price from 30k - 59k was an interesting price for buyers (bulls) and retail traders; they made a noticeable profit there, but after 59k price may look just a little bit over-priced even for bulls. Thus, they will wait for the market to show more reasonable signs of a new bull-run or a bearish chart🐻. 📌 I personally do not think that the bull-run is over. just take a look at the ichimoku cloud and it's going to show you everything you need. ⚠️ you may ask yourself why I have set a zone at the 35-37k price level. Well, I would like to share you guys something which may help you at your trades. ✍🏼Whenever the price breaks the ichimoku's Tenk/Kijun lines in a bull-run or bearish trend, IT HAS TO REACH BACK TO THE TENK WHENEVER TENK AND KIJUN ARE IN A FLAT POSITION just test it in smaller times frames. 🧐So, should we panic now and set our sell orders? The answer is also "NO" WE SHOULD NOT. 📍 the monthly time from takes at least 6-8months to occur and I have set two time zones in my chart. Plus, tenk and Kijun would like to move up-wards or down-wards with the price so may the price zone will change by time. 📌In conclusion, do not panic guys based on all those fundamental infrastructure and trend-analysis the bulls 🐃 remain stronger than bears 🐻 till the end of this year. Just be more careful about your positions
by C_EWAVE13
10
Candlestick Chart Part 2 : ReversalsHello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ Today's video will be about the Candlestick Chart : Reversal Patterns. So lets start by talking about the different types of Patterns : Bullish Reversal Patterns Bearish Reversal Patterns And they are divided into 3 groups : Weak Patterns Reliable Patterns Strong Patterns We Start with the Weak Reversals : 1) Dragonfly Pattern : A dragonfly doji candlestick is a candlestick pattern with the open, close, and high prices of an asset at the same level. A dragonfly doji pattern does not appear constantly. It is used as a technical indicator that signals a potential reversal of the asset’s price. 2) Hammer & Hanging Man Patterns : The Hammer is a bullish reversal pattern that forms during a downtrend. It is named because the market is hammering out a bottom. When the price is falling, hammers signal that the bottom is near and the price will start rising again. The long lower shadow indicates that sellers pushed prices lower, but buyers were able to overcome this selling pressure and closed near the open. The Hanging Man is a bearish reversal pattern that can also mark a top or strong resistance level. When the price is rising, the formation of a Hanging Man indicates that sellers are beginning to outnumber buyers. The long lower shadow shows that sellers pushed prices lower during the session. Buyers were able to push the price back up some but only near the open. 3) Inverted Hammer & Shooting Star Patterns : The Inverted Hammer occurs when the price has been falling suggests the possibility of a reversal. Its long upper shadow shows that buyers tried to bid the price higher. However, sellers saw what the buyers were doing, said "No!" and attempted to push the price back down. The Shooting Star is a bearish reversal pattern that looks identical to the inverted hammer but occurs when the price has been rising. Its shape indicates that the price opened at its low, rallied, but pulled back to the bottom. 4) Dark Cloud Pattern : A 2-candle pattern. The first candle is bullish and has a long body. The second candlestick should open significantly above the first one’s closing level and close below 50% of the first candlestick’s body. The sell signal is moderately strong. 5) Piercing Pattern : A 2-candle pattern. The first candlestick is long and bearish. The second candlestick opens with a gap down, below the closing level of the first one. It’s a big bullish candlestick, which closes above the 50% of the first candle’s body. Both bodies should be long enough. 6) Upside Gap Three Method : The upside gap three methods candlestick pattern is a bearish continuation pattern that only occurs during an uptrend. It consists of three candles. The first two candles are long and white in the direction of the prevailing trend. The second black candle creates an upside gap. The third candle fills the gap between the first and the second candle. 7) Downside Gap Three Method : The downside gap three methods candlestick pattern appears during a downtrend and consists of three candles. The first two candles have a gap down between them while the third candle covers the gap between the first two. The gap between the first two candles simply gets filled. 8) Bearish Harami Pattern : A 2-candle pattern. The body of the second candle is completely contained within the body of the first one and has the opposite color. 9) Bullish Herami Pattern : A 2-candle pattern. The body of the second candle is completely contained within the body of the first one and has the opposite color. Now Lets Talk about the Reliable Reversals : 1) Bullish Engulfing Pattern : A 2-candle pattern appears at the end of the downtrend. The first candlestick is bearish. The second candle should open below the low of the first candlestick low and close above its high. 2) Bearish Engulfing Pattern : A 2-candle pattern. The first candlestick is bullish. The second candlestick is bearish and should open above the first candlestick’s high and close below its low. 3) Tower Top Pattern : The tower top is a reversal pattern that occurs at high price levels. Typically one or more long bullish candlesticks are followed by a few smaller real body candlesticks and then the pattern is completed with one or more large bearish candlesticks. 4) Tower Bottom Pattern : The tower bottom is a reversal pattern that occurs at low price levels. There is one or more long bearish candlesticks followed by a few smaller body candlesticks and then concluded with one or more large bullish candlesticks. 5) Bullish Abandoned Baby Pattern : The bullish abandoned baby is a pattern that appears at the end of a downtrend and signals reversal to an uptrend. Simply put, it signals an end of the selling pressure of the bears and return of the bulls in the market. This pattern consists of three candlesticks: the first candle has a black (or red) big body, the second is a small and bearish candle – or a Doji, and the third is white (or green) candle. 6) Bearish Abandoned Baby Pattern : The bearish abandoned baby is a reversal pattern that forms during an uptrend. It is characterized by three candles, where the first candle is long bodied and white/green. The second candle is a Doji that gaps above the close of the first bar in the series. The third candle opens below the close of the second bar and is long bodied and black/red. 7) Dumpling Top Pattern : A dumpling top occurs when small real body candlesticks slowly rise and then move in a neutral to downward direction. The dumpling top pattern is complete when there is a bearish candlestick that gaps down from the other candlesticks. 8) Fry Pan Bottom Pattern : The opposite of the dumpling top is the fry pan bottom pattern. The fry pan bottom occurs when small real body candlesticks slowly move downward and then move in a neutral to upward direction. The fry pan bottom pattern is complete when a bullish candlestick gaps up from the rest of the candlesticks. 9) Bullish Belt Hold Pattern : A bullish belt hold shows up in downtrends. The pattern can be recognized by one long, full-bodied candlestick that is bullish and opens at a new recent low. The bullish belt hold candle is expected to have a flat or nearly flat bottom. The top has a small shadow, relative to the length of the body. 10) Bearish Belt Hold Pattern : The bearish belt hold is the complete opposite and it comes up in uptrends. To detect it, look for a long full-bodied, bearish candlestick that stands out at the top of an uptrend because it will get to a new recent high and it should be noticeably longer than the other candles. 11) Tweezer Top Pattern : The Tweezer Top pattern is a bearish reversal candlestick pattern that is formed at the end of an uptrend. It consists of two candlesticks, the first one being bullish and the second one being bearish candlestick. Both the tweezer candlestick make almost or the same high. 12) Tweezers Bottom Pattern : The Tweezer Bottom candlestick pattern is a bullish reversal candlestick pattern that is formed at the end of the downtrend. It consists of two candlesticks, the first one being bearish and the second one being bullish candlestick. Both the candlesticks make almost or the same low. And Last but not least The Strong Reversal Patterns : 1) Three White Soldiers Pattern : A 3-candle pattern. There’s a series of 3 bullish candles with long bodies. Each candle should open within the previous body, better above its middle. Each candle closes at a new high, near its maximum. The reliability of this pattern is very high, but still, a confirmation in the form of a white candlestick with a higher close or a gap-up is suggested. 2) Three Black Crows Pattern : A 3-candlestick pattern. There’s a series of 3 bearish candles with long bodies. Each candle opens within the body of the previous one, better below its middle. Each candle closes at a new low, near its minimum. The reliability of this pattern is very high, but still, a confirmation in the form of a bearish candlestick with a lower close or a gap-down is suggested. 3) Morning Star Pattern : A 3-candle pattern. After a long bearish candle, there’s a bearish gap down. The bears are in control, but they don’t achieve much. The second candle is quite small and its color is not important, although it’s better if it’s bullish. The third bullish candle opens with a gap up and fills the previous bearish gap. This candle is often longer than the first one. 4) Evening Star Pattern : A 3-candle pattern. After a long bullish candlestick, there’s a bullish gap up. The bulls are in control, but they don’t achieve much. The second candlestick is quite small and its color is not important. The third bearish candle opens with a gap down and fills the previous bullish gap. This candle is often longer than the first one. 5) Bullish Three Line Strike Pattern : A bullish three-line strike is made up of four candles. Of these, the first three are bullish, while the last is bearish. It is made up of three strong bullish candles that progressively end higher followed by a final strike candle. The strike candlestick is bearish and begins at or higher than the third candle but closes at least lower than the open of the first candle. 6) Bearish Three Line Strike Pattern : A bearish three-line strike is a four candle continuation pattern that comes up in a bearish trend. The first three candles are bearish, while the last candle is positive and ends above the highest close of the previous three candles. I Do wanna mention General Reversal Patterns : Three Mountains is the same as Triple Top Pattern Three Rivers is the same as Inverted Triple Top Pattern Buddha Top is the same as Head and Shoulders Pattern Inverted Buddha is the Same as Inverted Head and Shoulders Pattern I hope that I was able to help you understand Reversal Patterns in Candlestick Charts better and if you have any more questions don't hesitate to ask. Hit that like if you found this helpful and check out my other video about the Moving Average, Stochastic oscillator, The Dow Jones Theory, How To Trade Breakouts, The RSI , The MACD , The Bollinger Bands , The Different Types Of Trading Strategies, Candlestick Charts Part 1 links will be bellow
BITSTAMP:BTCUSDEducation
by GabiDahduh
4
PLTR: Seeking the $ 27.47!Hello traders and investors! Let’s see how PLTR is doing today! Yes, it lost the purple trendline we talked about in our last study, it did the pullback as expected, and now we have a good reaction. We see that PLTR is resuming the bull trend, by doing higher highs/lows in the 1h chart, and it is above the 21 ema again. It seems the purple line is now a resistance for us, but that’s ok. Now, let’s see the daily chart: After our last analysis, PLTR just dropped to the 21 ema in the daily chart, and it did a fantastic reaction: A Piercing Line pattern. In fact, PLTR could’ve dropped all the way down to the purple line and the trend would still be bullish. The only thing that is not the best is the volume, which is still a little low. The bullish thesis we did build last week is still intact, and PLTR is still bullish. If you liked this analysis, remember to follow me to keep in touch with my daily updates. Have a good weekend!
NYSE:PLTR
by Nathan_The_Finance_Hydra
5