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