Candlestick Analysis Level 3

 https://www.youtube.com/watch?v=elnq_NguzyQ&list=TLPQMzAwNTIwMjWmA4PNbDl-CQ&index=2 

UNDERSTANDING THE PROGRESSION

Very Strong Bulls

1. Closing at HIGHS

2. Closing at HIGHS

3. Closing at HIGHS, with long wick i.e., 2 times the body

Strong Bulls

1. Near HIGH

2. At HIGHS but small wick, i.e., it's not 2 times the body

3. Small selling pressure

Neutral

4. Small body where High and Low are not sustained, as buyers and sellers are there

5. Big body where High and Low are not sustained, as buyers and sellers are there

Bearish

1. Small body, with sellers

2. Big body, with more  sellers

Very Strong Bears

1. Closing at LOWS

2. Closing at LOWS

3. Closing at LOWS, with long wick, i.e., 2 times the body

Strong Bears

1. Near LOWS

2. At LOWS but small wick, i.e., it's not 2 times the body

3. Small buying pressure

Neutral

1. Small body where High and Low are not sustained, as buyers and sellers are there

2. Big body where High and Low are not sustained, as buyers and sellers are there

Bullish

1. Small body, with buyers

2. Big body, with more buyers

Relevance of their appearance

Strong Bullish Candles

• At market bottoms

• At breakouts

• At Support in an ongoing uptrend

• Irrelevant when they appear in a Consolidation

• Contrarian Indication: Strong Bullish candle after an Extended uptrend

• Trend may change to Downtrend

Strong Bearish Candles

• At market tops

• At breakdowns

• At Resistance in an ongoing downtrend

• Irrelevant when they appear in a Consolidation

• Contrarian Indication: Strong Bearish candle after an Extended downtrend

• Trend may change to an Uptrend

Color, Size & Frequency

 

 

MARKET BREATH ANALYSIS

RSI -> GAME CHANGER

 Understanding Traps

BULL TRAP DURING UPTREND

BULL TRAP DURING DOWNTREND

BEAR TRAP DURING DOWNTREND

BEAR TRAP DURING UPTREND