Download Trading Candles PDF

TitleTrading Candles
Tags Economies Market (Economics) Market Trend
File Size724.1 KB
Total Pages54
Document Text Contents
Page 1

Bearish CandlesticksBearish Candlesticks

Abandoned Baby BAbandoned Baby B earishearish

Like most of the Like most of the three day star patterns, the scenarios are similar. The primary difference is thatthree day star patterns, the scenarios are similar. The primary difference is that
the star (second day) can reflect greater deterioration in the prior trend, depending on whether itthe star (second day) can reflect greater deterioration in the prior trend, depending on whether it
gaps, is Doji, and so on.gaps, is Doji, and so on.

Advance Block Advance Block BearishBearish

The Advance Block pattern is a The Advance Block pattern is a derivative of the Three White Soldiers. However, it must derivative of the Three White Soldiers. However, it must occur inoccur in
an uptrend, whereas the Three White Soldiers pattern must occur in a downtrend. Unlike thean uptrend, whereas the Three White Soldiers pattern must occur in a downtrend. Unlike the
Three White Soldiers, the second and third days of the Advance Block show Three White Soldiers, the second and third days of the Advance Block show weakness.weakness.

Belt Hold BearishBelt Hold Bearish

The market is trending when a significant gap in the direction of trend occurs on the open. FromThe market is trending when a significant gap in the direction of trend occurs on the open. From

that point, the market never looks back: all further price action that day is the opposite of that point, the market never looks back: all further price action that day is the opposite of thethe
previous trend. This causes much concern and many positions will be covered or sold, which willprevious trend. This causes much concern and many positions will be covered or sold, which will
help accentuate the reversal.help accentuate the reversal.

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