Disliked{quote} Dear Hussain,. As per my understsnding this hanging man you mentioned above in reality i guess cant be termed as a hanging man. Because in sideways market,it have no validity. I would prefer to ignore it!Ignored
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Disliked{quote} Dear Hussain,. As per my understsnding this hanging man you mentioned above in reality i guess cant be termed as a hanging man. Because in sideways market,it have no validity. I would prefer to ignore it!Ignored
Disliked{quote}if you have read my posts in the past week , It should be easy to understand what I mean in my post . Why you should carry all your analysis on one tool ? personally I don't trade by tool of candlestick patterns only maybe 50% and 30% by analysis of DXY with chart patterns and remnant by analysis of indices futures for A closer look for direction of DXY . also I'm not agree with you about "So when test of the upper wick failed" vice versa we can see a test of the upper wick with resistance line (weekly candle chart GBPUSD)Ignored
Disliked{quote}if you have read my posts in the past week , It should be easy to understand what I mean in my post . Why you should carry all your analysis on one tool ? personally I don't trade by tool of candlestick patterns only maybe 50% and 30% by analysis of DXY with chart patterns and remnant by analysis of indices futures for A closer look for direction of DXY . also I'm not agree with you about "So when test of the upper wick failed" vice versa we can see a test of the upper wick with resistance line (weekly candle chart GBPUSD)Ignored
DislikedH4 candle chart GBPUSD we know this bearish pattern is a reversal pattern {image}Ignored
Dislikedfor EURUSD a doji with a star show to us indecision about the direction of the market and it represents a tug of war between buyers and sellers. It shows that the bulls were not able to gain control during the day and it is possible that a turning point could develop soon. {image}Ignored
Disliked{quote}for daily candle chart EURUSD we can see a bearish Harami pattern in the hour {image}Ignored
Disliked{quote} In this too i have to defer. Sorry about it dear hussain. Normally a bearish harami is considered as a top reversal pattern. But here it is formed at the bottom and if u closley watch it is formed after a bullish engulfing pattern. We can say a bullish engulfing bottom reversal attempt.. But since it is a day candle, it need time to know whether it is going to reverse or going to show exausting or no follow up of bullish engulfing confirmation. I guess the term u mentioned it as bearish harami i fear technically wrong. Just shared my thought.....Ignored
Disliked{quote} Hi leesi ,the things you said are right but on the other hand so is Hussin on provided way of reading candles which are more advanced. Of course Hussin sees the EU daily but he's using the weekly or monthly to come to a conclusion that it was false.I think where he's wrong is an over estimation on the strength of bear move.It's very unusual for a monthly to be wrong but it defiantly happens stay on your toes. I think bottom up approach is very valuable on TFs ,really you need 3 and work them both ways. The location of candles does matter...Ignored
Disliked{quote} Dear, If you look at current rate of 2128 and compare that term harami mentiond will unfold what i mean exactly. In a bottom level formation, especially at bottom in that chart a bullish engulfing pattern occured and second candle started and a day to finish. Now key point to remember is, in such trend formation no one will talk about bearish harami beause the word bearish harami happens only at the top of a trend.. Here if u watch it, it is at the bottom and atleast 5 to 6 upward candles if u see, then uf u spot a harami, it make sense.Now...Ignored
Dislikedok what's the name of that candle thats not at a top with the arrow. {image}Ignored
Disliked{quote} No relevence for that candle. But few call it hammer and some pundit even call it hangingman as per their convenience. In reality it is none of the above..Ignored