Harvest huge profits and stop losses š in an easy and simple way that anyone can apply :-
You should use reversal candles, a valuable tool in the trader's arsenal.
š· Types of market reversal candles š
1ļøā£ Bullish Engulfing:
Appears at the end of a downtrend, where a large bullish candle engulfs the previous bearish candle.
2ļøā£ Bearish Engulfing:
Appears at the end of an uptrend, where a large bearish candle engulfs the previous bullish candle.
3ļøā£ Hammer and Hanging Man:
Both have a small body and a long lower wick, appearing at the end of downtrends and uptrends respectively.
4ļøā£ Morning Star and Evening Star:
Patterns consisting of three candles indicating a reversal at the end of downtrends and uptrends respectively.
ā£ļø Important Considerations:
ā½Location:
Reversal candles are more significant when they appear at major support or resistance levels.
ā½Confirmation:
It is always better to wait for confirmation of the reversal through another candle or technical indicator before making a trading decision.
ā½Volume:
An increase in trading volume when a reversal candle appears can enhance the strength of the signal.
In summary, market reversal candles are a valuable tool in the trader's arsenal, but they should be used with caution and in conjunction with other analytical tools to make informed trading decisions.
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Simply how to use the RSI indicator with Japanese candles to identify opportunities
š Relative Strength Index (RSI) a simple market reading Have you heard of the RSI indicator and want to understand it quickly? Follow this simplified explanation to learn how to read it and use it with Japanese candles to enhance your trading decisions.
1. What is RSI? š¤
Short for Relative Strength Index.
A number ranging from 0 to 100 that measures the strength and dynamics of price movement.
I would appreciate it if you could add a source to verify the news
MIRo13aa
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Bullish
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