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The candlestickUnderstand the buying and selling pressure: You see, every candlestick that is formed tells you a story about the battle between the bulls and the bears-who dominated the battle, who won at the end, who is weakening etc. All that is reflected in any candlestick you see. The length of the body of the candlestick as well as the shadow (or wick) tells you a story about the buying and selling pressure. Look at the first green candlestick on the left chart, it’s a bullish candlestick right? Yes. But you can see that it has a very short body and very long wick (tail). It tells you the sellers (bears) were dominant. If this candlestick was to form after hitting a resistance level, it will be considered a bearish signal even though it’s a bullish candlestick. Now, you can apply the same sort of logic to all the other candlesticks above and read the story each one is telling you. ⦁ If the upper wick is very long, it simple tells you that there’s a lot of selling pressure. It means price opened and got pushed higher by the buyers but then at the highest price, sellers got in and drove it back down. ⦁ If the lower wick is long, it tells you that there’s a lot of buying pressure. Sellers drove the price down but buyers got in and drove the price back up. ⦁ If the lower wick is short, it tells your there’s very minimal buying pressure. ⦁ If the upper wick is short, it tells you that there’s very minimal selling pressure. What about the length of the body of candlesticks? ⦁ The longer the body of the candle indicates very strong buying or selling pressure. ⦁ A short body of a candlestick indicates little price movement and therefore less buying or selling pressure. ⦁ Sometimes the candles will have no upper or lower shadows but with very long bodies. These are interpreted the same way as standard candlesticks but are an even stronger indication of bullish or negative market sentiment. ⦁ In the case of bullish candle, prices never decline below the open. In the case of bearish candle, price never trade above the open. See below: ⦁ Next WL – 2 …what if you combine more than one candlesticks? What does it show you?
NSE:BANKNIFTY
by SriTrader5121
GLENMARK LIFE SCIENCE LTD / GLS - 6 months Consolidation B/OGLENMARK LIFE SCIENCE LTD / GLS - 6 months Consolidation Breakout. 1) Time Frame - Weekly. 2) 6 months of consolidation broken in Daily Time frame With Huge Volume. 3) Stock will find a resistance around the price 799 (Previous All Time High). 4) Recommendation - Quite risky to enter with daily time frame but still it is a Good buy / one can buy after the weekly candle's close as same as today in Daily Time Frame.
NSE:GLSLong
by SHRIHARII
Option's Trading With CandleStick Pattern's🤑💲💰💸❤#We Make Only Profit. #HDFCBANK #BANKNIFTY #NIFTY50 #NIFTY #SENSEX #TATA The long black candlestick is 'the mother' and the small candlestick is 'the baby'. The smaller the second candlestick, the stronger is the reversal signal. The shadows of the second candlestick do not have to be contained within the first candle's body. Which candle is best for option trading? Here are the top 5 candlestick patterns that traders must know: Doji. The Doji pattern is formed when the Open Price and Close Prices are the same or almost the same, and there is Low and High Price, so the candle has nearly nobody with a lower and upper wick. ... Hanging Man. ... Hammer. ... Morning Star and Evening Star. Technical analysis and options trading can go hand in hand. Many of the best practices for options trading come directly from technical analysis concepts. Technical analysis focuses on price. Fundamental analysis does not solely focus on price. RBI Forex Reserve Grow is this Good or Bad ? 1st 140 Billion loss hua hai or ab 20 Billion Grow hua hai to hai to abi bhi loss mai Gover..t abi losss mai hai
NSE:BANKNIFTYEducation
by ISL-TREND
8
NIFTY --TREND REVERSAL DOJINIFTY on Daily Chart trend reversal doji candle seen at todays closing.. Trend reversal doji heikin ashi candle ..found when trend set either bullish or bearish ..and traders indecisive about current trend. last few days nifty corrected around 1000-1200 points from high 18400 now at 17100 bottom was made around 16800 that trend was confirm bearish but last 1-2 session traders are indecisive about trend so volatility seen. that is doji candle formation at support level before trend reversal which is seen in form of heikin ashi doji candle formation on daily chart at todays closing. this doji candle suggest trend reversal from bearish to bullish ahead may be budget rally is ahead in few days. wave pattern also indicate same. NIFTY FROM CURRENT LEVEL 17100 uptrend can see target 18400 short term (1 month). *** THIS IDEA FOR EDUCATIONAL PURPOSE .!
NSE:NIFTYLong
by champtrade111
BTC rejectionIn my opinion it looks like BTC got a clear rejection from all the upper band of the channel. Maybe that we could go down again in the meantime? Zooming in we're clearly seeing that we got a rejection with the candle wick. Zooming in on the 15m en 1h we're seeing that a kind of rising wedge might be forming which could signal some more downward movement. In the immediate short term, but only if it breaks down. We got to keep in mind, we're still bearish on the higher tf's.
FTX:BTCPERP
by Awinish