Candlestick Analysis Level 2

 https://www.youtube.com/watch?v=kZpBFQSHWMU&t=2023s 

https://www.youtube.com/watch?v=R5Gx9K7Hi6c 

1. DOJI

i. REVERSAL DOJI



  • Agr DOJI ke high ke upr trend continuation hoti hai, means uptrend

  • But if upr jaakr fir niche aa jaata, toh humara SL = Low of DOJI


ii. DOJI at extended UP MOVE


  • Bohot jyada indecision hai, toh jha pr bhi indecision end hoga, movement violent hoga, chahe, upmove ho ya down


iii. SIDEWAYS DOJI


  • Irrelevant hai DOJI yha pr



DOJI NEEDS CONFIRMATION


  • Agr DOJI ka LOW break hua, doesn’t mean TREND CONFIRMATION

  • THEN WE”LL find IMP SUPPORT/RESISTANCE

    • UPWARD TREND

      • Agr price, 2-3 din ke lea support pr aate hai and bounces back upward, breaking DOJI HIGH

    • DOWNWARD TREND

      • Agr price, 2-3 din ke lea support pr aate hai, then support break kr niche chala gya



iv. YOUNG TREND DOJI





2. HAMMER PATTERN



i. HAMMER AT SUPPORT

  • Support pr HAMMER banna

  • Price toda upr jaata hai, then retest krta hai and then UP



  • Support ke baad HAMMER bann rha hai, means PRICE up jaaega


ii. NUANCES ON HAMMER



3. SHOOTING STAR


i. SHOOTING STAR AT RESISTANCE

  • BOOK PROFITS

  • TRAILING SL, i.e. at LOW of Shooting STAR




ii. NUANCES OF SHOOTING STAR



4. ENGULFING CANDLE


i. Bullish Engulfing Candle


STRONG TREND CHANGER


HAMMER + BULLISH ENGULFING




  • SELLER ke paas jyada power nhi hai i.e. chote chote RED CANDLE bann rhe hain

  • Then, BULLISH ENGULFING AAYA, aur UPTREND confirm ho gya



CAN ACT AS SUPPORT IN FUTURE





ii. Bearish Engulfing Candle







  • Market pehle hi HINTS de deta hai

  • Jese hi, BEAR ENGULFING banni, next time it will act as STRONG RESISTANCE





  • Shooting star firse RETEST kr skta hai

  • 2nd time, RETEST ke lea aaya

  • Then firse se SHOOTING STAR

  • Then, BEAR ENGULFING 3 baar

  • Hence, DOWNTREND CONFIRMED



5. PIERCING BULLING CANDLE


  • GAP DOWN and then UP

  • Also, BIG GREEN CANDLE crosses 50% of previous day candle




i. APPEARING AT SUPPORT



6. DARK CLOUD COVER





  • UPR wale RESISTANCE se chote chote RED candle HINTS

  • Then pullback upwards and then BIG RED CANDLE, and conformation for DOWNTREND



RIGHT PATTERN AT RIGHT PLACE





  • Already downtrend, BEAR ENGULFING no RELEVANCE




  • AGAIN BULL ENGULFING in UPTREND no RELEVANCE




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