Recent content by User2134

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    Darkcloud cover pattern

    This pattern is potentially a short or selling pattern, the third candlestick should be used as confirmation before entering a short trade
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    Shooting star pattern

    Shooting star is a candleformation which is easy to spot because it looks like a star and the wick is the tail, which signals a short position
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    Three white soldiers

    This is a candlestick formation or pattern that signals a buy or long postion(potentially) to the upsude
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    Doji pattern, up or downside

    Doji can signal potential in change of direction both up and down trends depending on where the doji is situated
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    Reversal candlesticks

    The candlestick reversals should be used in conjunction with reversal patterns such us a hanging man at the top of double top
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    Trend setups or scenarios

    This is best used when you use the trendline strategy and understand how a trend starts and how to spot it when it breaks
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    Three bar play, four bar play

    The movements will usually occur during a wave with in a trend but the most common you will see is three bar play and you would want to enter on the open of the third bar
  8. U

    Hanging man/Pin bars

    This is a reversal pattern to the downside but is best entered when close to resistance for short positions
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    Three Black crows(bearish pattern)

    This signals a potential bearish movement to the downside of a trend, possibly spotting a good entry for short positions.
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    Morning star reversal

    This pattern is a bullish reversal pattern, wait for price action before entry
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    Candle stick pattern entry

    This will help decide when to enter a trade, best suited for short term trends
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    Candlestick patterns

    Candlestick formation that could help you spot new trends
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