bottom window for color/volatility confirmations. Its important to know that the pullback took place in the setting of a steady bull trend. Youll want to read much more about support and resistance before you try to trade any of these patterns. 70.3.5 The Trading Business. A morning star is a bullish reversal pattern that happens during a downtrend. 165.5 Ongoing Market Analysis Theory. The hammer is a bullish trend reversal signal, regardless of the candlesticks colour. This type of doji indicates that all price activity during the entire trading period was on the lower side of the open price. how do we use VSA to trade? Although the candle can either bullish or bearish, a bearish candle adds more weight to its interpretation. Cynthia Trading from the beaches of Mexico!
You really need to understand the order flow behind the patterns and should consider the market condition to trade these patterns profitably. The open price of candle B may be equal or above candle As close price.
It is a trend reversal signal pattern, depending on the price action around. 20.6 Contents Overview. The long lower wick of the hammer indicated that sellers forcefully pushed the prices lower. Closing Price Relative to Range (Is the closing price near the top or the bottom of the price bar?). 58 Chapter Eleven Trading Platform Setup.1 Trading Platform Setup. 72.2.3 Market Structure. It explains why the pullback in Example #2 is less complex than the one in Example #1.) After all, we are fading the opposing channels. Also not indicator knowledge or technical analyses skills its taking the time to record trades in a Journal for review. Because THE price IS deeply discounted, this IO refund sale!
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