Daily Candle On Chart Indicator? 9 replies
Daily Chart 3-Candle 1,371 replies
Weekly chart with daily candle patterns 2 replies
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Correlation between first 4 hour candle and daily candle 1 reply
DislikedI think, everything is clear now
On gold I see a Bearish Falling Three Methods Pattern. It has high reliability.
This means we will see a pinbar on the monthly for gold. So, heavy short on gold
There is a massive usd buying, and eur selling. I hope, this will last for the next 3-4 weeks
Hussin, please, what do you think ?
The Bearish Falling Three Methods Pattern is a continuation pattern, which shows a temporary break in the trend of prices without causing a reversal. The pattern is characterized by a long black candlestick during a downtrend, which is then followed by small consecutive small bodies that look like a short uptrend. It is better if all the bodies of these three days are white however they can also be of mixed color. These small bodies however must all remain within the high-low range of the first day's black candlestick. The pattern is completed by a long black candlestick, closing at a new low and showing that bears are finally taking over. The small uptrend between two long black days simply shows a market break. After this temporary break, the downward trend continues.
Recognition Criteria:
1. Market is characterized by downtrend.
2. We see a long black candlestick in the first day.
3. We then see three small real bodies defining a brief uptrend on the second, third, and fourth days. However these bodies stay within the range of the first day.
4. Finally we see a long black candlestick on the fifth day opening near the previous day’s close and also closing below the close of the initial day to define a new low.
Explanation:
The Bearish Falling Three Methods Pattern is a continuation pattern marked with a temporary break in the overall trend of prices without causing a reversal. The temporary break shows that there is some doubt about the ability of the trend to continue. This doubt increases as the small-range reaction days take place. However, given the fact that a new high cannot be made, the bearishness is resumed and new lows are set quickly.
Important Factors:
The high-low range includes the shadows.
The reliability of this pattern is very high. However, a confirmation in the form of a black candlestick with a lower closing is still suggested.Ignored
Dislikedtoday there are not many vaild patterns, but I found 2:
first a nice long legged doji on the eur/aud 4 hourly and second a
maybe 3 bearish crows developing for aud/jpy.
attention: a lot of currencys are trading at its upper or lower part
of it´s trading range, for example eur/usd, usd/jpy, usd/chf, gbp/usd,
usd/cad, with long leged dojis, inverted hammers or hanging man as
a pattern.
I expect a surprise for usd involved currencys: a fall of eur/usd, a bullish continuation for usd/chf + usd/cad + usd/jpy and a fall of gbp/usd for example.
Have a nice trading all.Ignored
Dislikedtoday there are not many vaild patterns, but I found 2:
first a nice long legged doji on the eur/aud 4 hourly and second a
maybe 3 bearish crows developing for aud/jpy.
attention: a lot of currencys are trading at its upper or lower part
of it´s trading range, for example eur/usd, usd/jpy, usd/chf, gbp/usd,
usd/cad, with long leged dojis, inverted hammers or hanging man as
a pattern.
I expect a surprise for usd involved currencys: a fall of eur/usd, a bullish continuation for usd/chf + usd/cad + usd/jpy and a fall of gbp/usd for example.
Have a nice trading all.Ignored
Dislikedin the daily candle chart EURUSD we have seen failed morning star pattern previous day .long upper wick shows us pressure bearsIgnored
Dislikedin the weekly candle chart AUDUSD we see a bearish evening doji star prevoius week with high reliability.we are watching a confirmationIgnored
Dislikedbut in the daily candle chart EURAUD i can not see a bearish pattern.totally is unclearIgnored