RedFox P.A.

RedFox

Участник
Регистрация
11 Окт 2019
Сообщения
574
Поблагодарили
5
Пол
Муж.
The Exhaustion Gap represents the worst herd mentality. Everyone ran to get profit without thinking about the possibility of the wrong pain. We've all seen it on the chart.There are two types of Exhaustion Gap patterns based on the direction of the trend and its potential - bearish and bullish. Bullish exhaustion gap occurs at the end of a strong downtrend, and a bearish exhaustion gap is the opposite of a bullish one. We will discuss one by one.Counter attack line shows the 'resistance' against the current trend.
 

RedFox

Участник
Регистрация
11 Окт 2019
Сообщения
574
Поблагодарили
5
Пол
Муж.
On the bullish counter attack lines, the first candle shows the continued strong selling pressure, which is indicated by the existence of a long black candle. In the second candle, open positions are seen jumping down because at the beginning of trading market participants still look over bearish towards market conditions. Nevertheless, prices did not move down. Prices actually appear to have increased as a sign of the emergence of new buying interest, which provides resistance to existing selling interest.
 

Вложения

RedFox

Участник
Регистрация
11 Окт 2019
Сообщения
574
Поблагодарили
5
Пол
Муж.
In bearish counter attack lines, the opposite condition occurs. The new selling pressure can beat the bullish conditions that are happening in the market.On the bearish counter attack lines, the first candle shows the continued strong buying pressure, which is indicated by the presence of a long white candle. In the second candle, open positions are seen jumping up because at the beginning of trading market participants still look over bullish on market conditions. Nevertheless, prices do not move up. Prices actually appear to have decreased as a sign of the emergence of new selling interest, which provides resistance to existing buying interest.
 

Вложения

RedFox

Участник
Регистрация
11 Окт 2019
Сообщения
574
Поблагодарили
5
Пол
Муж.
Many traders wait for the confirmation candle by following the candlestick pattern. confirmation candle is the price movement in the expected direction. For example, following a bullish reversal, prices are expected to rise. Trading is not taken until the price really starts to rise. The same concept applies to price declines after a bearish reversal.
 

RedFox

Участник
Регистрация
11 Окт 2019
Сообщения
574
Поблагодарили
5
Пол
Муж.
After the confirmation has occurred and the buy entry has been entered, the stop loss can be placed below the lowest pattern. After the sell entry has been confirmed, stop loss can be placed above the high pattern.
 

RedFox

Участник
Регистрация
11 Окт 2019
Сообщения
574
Поблагодарили
5
Пол
Муж.
Counterattack lines are best used together with other forms of analysis, because they will not always produce significant trend reversals. Candlestick patterns also do not give an indication of how much a reversal will occur. This pattern may only occur reversal bars, bias also long-term reversal, we must still look at the nearest key price level.
 

RedFox

Участник
Регистрация
11 Окт 2019
Сообщения
574
Поблагодарили
5
Пол
Муж.
How to trade. We see whether the gap is in the area of support resistance, after that Draw the Fibonacci line and see the reaction in the golden entry areas. Candle what is formed. keep the seat belt on (use stop loss).
 

Вложения

RedFox

Участник
Регистрация
11 Окт 2019
Сообщения
574
Поблагодарили
5
Пол
Муж.
As one chart that is widely used by traders, candlesticks are able to provide a lot of help to its users. Indeed the main function of the candlestick is to observe price movements based on the body and shadow that is formed.
 

RedFox

Участник
Регистрация
11 Окт 2019
Сообщения
574
Поблагодарили
5
Пол
Муж.
However, candle patterns in general can also be used to find out changes in trends and to consider open positions. Well, the candlestick that we will discuss this time is a pattern that you can use as "help" to make trading decisions.
 

RedFox

Участник
Регистрация
11 Окт 2019
Сообщения
574
Поблагодарили
5
Пол
Муж.
What Is Dark Cloud Cover? Dark Cloud Cover is one of the many types of double candlesticks. It is called double because this pattern is composed of two different candles: one Bullish candle then continued with one Bearish candle. The Dark Cloud Cover pattern can be formed if the second Open candle is above the first Close candle, then the second Close candle passes the first Close candle.
 

Вложения

RedFox

Участник
Регистрация
11 Окт 2019
Сообщения
574
Поблагодарили
5
Пол
Муж.
The Process of Establishing Dark Cloud Cover A Dark Cloud Cover pattern can be formed and is considered valid if price movements on the second candle are closed past half of the first candle body.
 

Вложения

RedFox

Участник
Регистрация
11 Окт 2019
Сообщения
574
Поблагодарили
5
Пол
Муж.
Candle patterns like this can occur as a result of too high buyer pressure. The buyers are trying to raise prices higher by doing a lot of action Buy, thus forming a Bullish candle. But in the next period, prices cannot move even higher because of the pressure from the seller. As a result, prices then move down with the same volume as the first candle.
 

Вложения

RedFox

Участник
Регистрация
11 Окт 2019
Сообщения
574
Поблагодарили
5
Пол
Муж.
This Dark Cloud Cover shows a Bearish Reversal signal. Even though you know that a Bearish Reversal will occur when this candle pattern appears, it is better for you to wait for the third candle as a confirmatory reversal before opening a position. Then, what position should be installed when meeting with this candle? Do sell. You can execute sell immediately, or use a pending order, both sell stop and sell limit.
 

RedFox

Участник
Регистрация
11 Окт 2019
Сообщения
574
Поблагодарили
5
Пол
Муж.
Im many casest, most traders will not open a position when this pattern is formed, that is, on the first or second candle until another signal provides another valid confirmation such as a break in the trendline or support / resistance.
 

RedFox

Участник
Регистрация
11 Окт 2019
Сообщения
574
Поблагодарили
5
Пол
Муж.
If you decide to sell right then, first pay attention to the following things: Make sure the appearance of this pattern at the end of the Bullish trend (topmost). To find out whether a trend has a fig reversal or just a correction.
 

RedFox

Участник
Регистрация
11 Окт 2019
Сообщения
574
Поблагодарили
5
Пол
Муж.
Wait for the next Bearish candle (the third candle) to print Low lower the first candle. Don't forget to always pay attention to the Stop Loss and Take Profit levels that have been set. This is useful to avoid risks beyond your expectations.
 

Вложения

RedFox

Участник
Регистрация
11 Окт 2019
Сообщения
574
Поблагодарили
5
Пол
Муж.
we continue again ... still about candlesticks....What is a Piercing Line? Piercing Line is a candlestick pattern that is formed from two candles, so it is called a double candlestick pattern. The first candle is a Bearish candle, then followed by a Bullish candle. Piercing Line can be formed because the price of the second Open candle is below the first Close candle, then the second Close candle crosses the first Close body.
 

Вложения

RedFox

Участник
Регистрация
11 Окт 2019
Сообщения
574
Поблагодарили
5
Пол
Муж.
The Process of Forming Piercing Line Downtrend occurs because many sellers dominate the market by selling, so that during the trend, many candlesticks are found in red (Bearish). In the next session, there was a gap down because prices opened slightly below yesterday's close.
 

RedFox

Участник
Регистрация
11 Окт 2019
Сообщения
574
Поблагодарили
5
Пол
Муж.
But after the trading session was opened, buyers dominated the market so prices slowly moved up. Until the end of the market closing session, prices can be pushed up even though they have not been able to close above the previous day's opening. Conditions like this that underlie the formation of the Piercing Line candlestick pattern.
 

Вложения

RedFox

Участник
Регистрация
11 Окт 2019
Сообщения
574
Поблагодарили
5
Пол
Муж.
From the above review, it can be concluded that a candlestick with a Piercing Line pattern usually indicates a downtrend that is about to end, or it can also be called a Bullish Reversal indicator.
 
Сверху