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Candlesticksignals

[Candlestick] Lesson 1: How to Read a Candlestick?What is a candlestick? A candlestick is a type of price chart used that displays the high, low, open, and closing prices of a security for a specific period. We usually denote bullish (upward price movement) with a green candle and bearish (downward price movement) with a red candle. Candlestick Formation Body : Formed by the opening and closing price of a candle. High Price : The highest price reached by that candle. Low Price : The lowest price reached by that candle. (For e.g. If we look at a H1 timeframe chart, the candle will show the highest and lowest price reached in that hour.) Open Price : The price at which the candle opened its price at. Close Price : The price at which the candle closed its price at. (May see a gap in price opening from previous candle. Not all candle are continuous) Upper wick/shadow : Shows the difference in price level of the high price and the body's high price. (Line above the body) Lower wick/shadow : Shows the difference in price level of the low price and the body's low price. (Line below the body) Not all candle need to have an upper wick or a lower wick. Why is it so? This is because the price did not have much rejection be it to the bearish or bullish side. I will further elaborate some candlestick patterns that require us to take note of its wick/shadow in the next tutorial post. Stay tune!!! Upcoming Lesson: Lesson 2: Candlestick pattern and its impact
Education
by YGForex
6
XAUUSD Down?For the price action, candlestick analysis people out there, The weekly chart shows a Shooting star/Bearish Pin bar on the Weekly chart and a confirmation of it with the week just passed with a weekly candle close below the low of that Shooting star/pin bar. This is a pretty compelling reason to look for sells at least down to that red zone in my opinion. However, It is in a strong bullish uptrend, so it can really continue upwards. And when trading against trend it is hard to say how far we can go but I'm leaning towards looking for sells if the market can break through the red zone it is in, and the green zone as well. Trade at your own risk, Unfortunately, I am not a professional and this is not professional advice, maybe one day it will be, until then use your own analysis as well. PatiencePays
OANDA:XAUUSDShort
by PatiencePays777
Bearish engulfing barBearish engulfing bar on H4 as well as D1 (see link for D1 view ) Both sell signals located around areas of value. Trading the engulfing bar usually offers a strong risk to reward ratio and in this case the provisional target is 3 times that of the risk (and price could fall more after that which will increase the reward substantially against the initial risk... Don't invest what you can't afford to lose. This is not investment advice. Subjective view/report of a financial product only. You can learn price action trading at no cost. Join my mailing list to receive more information zc.vg Join me in Forex Bootcamp for live updates using the link below. DISCLAIMER All information published within this website is purely for educational purposes and offers no guarantees. Profit Fx, Forex Bootcamp and any of its associates cannot be held responsible for any trades that you have executed in any way whatsoever. Please familiarize yourself with the relevant risks involved when trading forex, CFD’s and other products. Any trading is done solely at your own risk. Profit Fx, Forex Bootcamp and any of its associates are in no way employed by any broker or any other legal entity. All information published within this website does not constitute advice, but rather objective information about a financial product and analysis or report of a financial product.
Short
by Cmasterza
AUDCAD on the first confirmation onto the demand zoneAUDCAD hits the first confirmation onto the demand zone. The First bearish candle to hit our key zone is around 5/13/19 and the low before the reversal is set at 0.093542 on the minor demand levels before jumping out the zone. This will be a break shorting oppotunity at the next major demand level since price hasn't been back around this aera since the end of feburary. We can go long around the 0.93091 area and scoop 20 pips at the 0.93281 and stop at the 0.92219 area
Long
by Trellz_
Market Analysis for 8th Ocotber 2018 - Stock Market & Investing It was a very exciting trading week ended on Friday 04th October 2018, it just goes to show that what goes up must definitely come down. Based on the last 2 trading sessions, the question we should be asking now is how far down will the markets be going? What does this new week bring? Some weeks it is difficult to technically forecast the market movement and I guess this is one of such week. There are lots of signals we can get into more like a month of bearishness but this does not look like a major reversal upheaval. The nature of the market is up and down. To help you understand the market and give you confidence that in years to come the stock market will go up and down. Last week saw a size able sell off but it was not unexpected because it happens in the stock market every so often. Up and Down is the nature of the game, it is just like the natural cycle of the seasons, we just need to get ready and ride the season through. Do not get caught up in the fake news, hyperbole and prevalent news occurrences be confident that up and down is the nature of the market. I am not worried about the future even though you were not set up for bearish market last week such things happen. We will be taking a balanced look at this market trend. Don’t be worried about the future of stock trade. Just to let you know, I don’t trade the fundamentals or the news, I am a technical trader by looking at the big picture. Since May the market as gone up and at some point we need to come back down. Since May 2018, the Moving Averages crossed and rallied with a little sell off on the DOW, this continued to move up and down and it happened last week. Interestingly same pattern on the S&P 500 -0.13% and NASDAQ. DOW JONES (DOW) On Wednesday night the chart showed a shooting star and gravestone Doji candlestick occurred and it precedes a selling off (quite a reliable candlestick pattern) with such candlestick pattern you tighten your stops. We saw the warning and it happened because Thursday market we had a bearish day it gives a 3-day evening star reversal candlestick pattern which happened meaning a continuation of the bearing market and may probably lead to the DOW selling off to 26000 points. On Thursday we sold off to the 10 period moving average and on Friday we had a long lower shadow which means buying pressure. On a 5-minute chart pattern to see the intra-day view, we notice the technical opening showed we traded down and close to the end of the day we traded back up. At the end of the day we had buying pressure despite the bearish market. What Do We Expect? The trending behavior setup is either bullish or bearish . Monday 8th October 2018 market is a coin toss because the trading set up is positioned for either a sell off or buy on. We knew the bearish trend was coming in because it was all overbought and the candlestick splitting. In the event the bearishness continue we need to look for extreme ranges of maybe 25500 but 26000. However, a lot of buying pressure like we saw during the summer hopefully the correction will be done by Wednesday and we will be on the way to our bullish trend . Sadly, Oscillator are heading down may enter the oversold region. None of the oscillator is supporting buy. RSI is back to 50% and with a full blow move to oversold we may end up to the 26,000 points index. The Moving Averages are not compromised, the trend looks strong in the bullish picture. The Ebbs and Flows are natural. S&P 500 -0.13% This is pulled back to a good support at 2885 and buying pressure coming in last week. There were lots of selling pressure for 6 days preceding the sell off last week to the 50 period moving average along with a buying pressure end of last week. There is an equilibrium leading to an unconvinced market. What gives me optimistic is we are on a support and if it doesn’t hold then aim for 2800. Similar assessment on the S&P -0.13% as the DOW. The sell off was fast, scary but not to be too concerned. Oscillators pulling back and a bearish divergence on stochastic and a weak divergence on the MACH-D. with stochastic there seems to be a hold point at the 50 mark and may not go below to the oversold range. See the trend line and the horizontal line in the image above. Bollinger band is in a squeeze. It is not a fully confirmed bear or bull market . NASDAQ This closed below the 50 period MA and it is alarming because it sold off to 7399. The buying pressure on Friday is a good sign to a bullish trend if not the NASDAQ could be a complete reversal. Oscillators are bearish and the Bollinger band squeeze seems to be breaking bearish possibly down to 7250 and a bullish market continues. The Bollinger band squeeze breaks downwards happens with force but reverses also quickly from my experience. ADX is moving up which is sign of a bearish strength and the parabolic is bearish . The NASDAQ is definitely the outlier. Conclusion I believe the big picture trend is still intact there is not enough to change our outlook on the market despite the sell off from the last two trading sessions. The market is 50 percent but we do not need to change our outlook on the market. This seems to be the overall outlook on the market.
NASDAQ:NDX
by padedayo