determine overbought/oversold by candlesticks | Forex Factory

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determine overbought/oversold by candlesticks

  • #1
  • First Post: Jul 3, 2017 1:07pm Jul 3, 2017 1:07pm
How can we determine overbought/oversold condition only through candlesticks? is there a certain pattern?
  • #2
  • Jul 3, 2017 8:39pm Jul 3, 2017 8:39pm
Shooting star = overbought
hammer = oversold
  • #3
  • Jul 3, 2017 9:27pm Jul 3, 2017 9:27pm
Quoting waverhythm
How can we determine overbought/oversold condition only through candlesticks? is there a certain pattern?
Weaker breakouts on the ll"s lh"s and increase in aggressive price action around the weak BO's.
Never said I was Batman,all I'm saying is you'll never see us together.
  • #4
  • Jul 3, 2017 9:35pm Jul 3, 2017 9:35pm
Use RSI
  • #5
  • Last Post: Jul 4, 2017 7:09am Jul 4, 2017 7:09am
Quoting BubaYaga
Shooting star = overbought hammer = oversold
This and pretty much any other candlestick reversal pattern. Remember, that you must always use them in context of the price action though. Don't just blindly memorize candlestick patterns or you will be disappointed.
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