Powerful Candlestick Pattern | The Ultimate Candlestick Patterns Trading Course (For Beginners)
Hello traders and investors welcome to the trading direction today we are learning basics of candlestick and very powerful candlestick patterns which will change your trending styles and now onwards you will never lose A trade ok so learn this powerful candlesticks patterns very carefully and find a complaint and make sure you should watch this video till end so that you should learn about candlestick pattern this candlestick pattern what does it tells why candlestick patterns are very important in technical analysis because for the sentiment of the market it was it is the emotions of the market with the fearful emotions are there for greedy emotions are there for the buyers are in control for sellers are in control that it is Second think it tell us the train of the market so two types of trend are there short term trend for long-term trend whereas this if you we will go to the time frame analysis also if you take timeframe for positional trade one hour and day timeframe and if you are a day trader you can take 5 minutes to 15 minutes candlestick ok so 5 minute candlesticks tell you that trend effective for the five minutes time trade a let us say for another half an hour 1 hour it will tell the train where are that they candlestick pattern tell you the week trade so it will make tell you the week train on the swing trade swing trade third thing you can based on the candlestick pattern you can make the decision for the entry and exit this comes under the technical analysis and this will help you to take decision so how to manage your trade where to enter where to exit whereas in fundamental analysis you will not able to analyze where to exit the fundamental analysis that will not tell to you so these are three made advantages of learning the candlestick pattern now we will go what is candlestick here is a typical candlestick it may be color may be white and for bearish candle it may be black or red colour or recently it may be a green color or it may be a red colour ok so this first bullish candlestick it opens hi here ok it opens here this is low of the candlestick ok this is a low of candle is where as this is a close and this is the high ok so this opens here and it may go gown but the buyers are so stronger it their buyers pushing this price to the upside it indicates the bullishness after train bullishness means the Bull Bull indicates for the fire ok very strong buyers because whenever bull fight it push to the upside that is why on the basis of that characteristic it the common phenomenon in the stock market is this is the bull candle and it is high in case of opposite this is a bear candle or red candle Where it opens here and it makes high It closes here ok and it makes low these are two typical candle so based on the size of the body that we can determine the how much bullishness bearishness is this is called as body ok this total this is called as the body where as this whole from opening to the the high into the low it is called as range Range of the candlesticks ok so range may be higher than the body so sometime which may be larger sometime week may be small it can be called as a wick, tail or Shadow OK so the few terminologies are there is common in the stock market is a but the meaning in same so this is about the basics so this about the candlesticks ok so it's literally look like a candle that is why it has given name of candlestick pattern now we will learn that detailed patterns which are the reversal patterns and Trend continuation patterns ok we will then I will show you the graphical representation and the real chat also from various forex market Indian Market Nifty Bank Nifty and from the US 30 years wherever because I have taken World scenario across the world you are which you should know the candlestick pattern which indicate sentiment of the market make sure you should subscribe to the trading direction We will se the powerful candlestick pattern it is a complete course this is literally how candlestick pattern look here so it can be uptrend and how we will go and what is this wick and body that all details we will cover in this video There are two types of patterns one is the reversal candlestick pattern which take you turn and that we can product by candlestick pattern second thing its continuation pattern where extension in the current direction Ok So here in introduction we have seen stock opening and closing is on candlestick Powerful sentiments in the indicator which help to give to biasness in the short term candlestick How to increase your profit you can make trading decisions How to read candlestick pattern and how to spot high probability tade4 important principle behind candlestick pattern These are 5 candlestick principles, remember not all signals are not equal Context determine strength of the market Spotting false signals prevent you from entering in the bad trade. The confirmation is very important if is matching with the current trend then it is high probable. You should not be first mover, whereas you should join rally, location is very important like real estate, here also location is also very important Whether it is an uptrend start of the trend or end of the trend Then probability of continuing trend is very high This is major 5 functions of candlestick First it determine fear and greed, strength of the trend reversal point and retrace,emt entry and exit of trade So now there are candlestick pattern based on number single candlestick pattern triple candlestick pattern Based on Direction there are two types continuation pattern and reversal pattern. How to trade candlestick pattern Trend – Location and Trigger Identify the location and trigger point Powerful candlestick first is bullish pin bar as earlier we told earlier Size of the wick is very important buyer pushed that price up indicates buyers are in charge, Initial buyers were present Inside bar trading whichever side it gives breakout you need to entre and stoploss above the inside bar So trade when market is in trend good for momentum trading One white soldier and one black crow candlestick pattern Morning star and evening star candlestick pattern gap down and small candlestick pattern Bullish engulfing candle and bearish engulfing pattern Candlestick timeframe Book profitable trading strategies with psychology by anil Hanegave you will get the book, printed copy you can order it will be delivered at you home address Which candlestick pattern are not effective, bearish candle at support is wrong signal Don’t trade in isolation Candlestick pattern can predict the market now this is my book I have covered in this book amazon is distributing the trading direction thank you very much wish you the book purchase the book copy, thank you very much share subscribe to very happy trading Thank you very much, wish you a very happy trading
2021-10-17 12:27
