not sure if this could be counted as ascending triangle.
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a little bit bigger picture, it should be clear, this is just a bear flag, well, so far.
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guys, I lost 2 trades today, the current trade is a guaranteed win but far far from what I lost today. so I need some bailout package, so please vote for me before the weekend. Thanks. http://stockcharts.com/public/1684859/tenpp
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Petsamo wrote:Where's TraderGirl at ? I'm curious to know what candlestick formation we would have if we finished at current levels
Bullish Harami
Thank you
Are you sure? Yesterday was obviously a red candle. To me the indicator yesterday was the 7 consecutive hourly red bars that said some of the oversold had to be worked off. Looking to short again at a fib retrace if a pattern sets up.
Bullish Harami
The bullish harami is made up of two candlesticks. The first has a large body and the second a small body that is totally encompassed by the first. There are four possible combinations: white/white, white/black, black/white and black/black. Whether they are bullish reversal or bearish reversal patterns, all harami look the same. Their bullish or bearish nature depends on the preceding trend. Harami are considered potential bullish reversals after a decline and potential bearish reversals after an advance. No matter what the color of the first candlestick, the smaller the body of the second candlestick is, the more likely the reversal. If the small candlestick is a doji, the chances of a reversal increase.
Petsamo wrote:Where's TraderGirl at ? I'm curious to know what candlestick formation we would have if we finished at current levels
Bullish Harami
Thank you
Are you sure? Yesterday was obviously a red candle. To me the indicator yesterday was the 7 consecutive hourly red bars that said some of the oversold had to be worked off. Looking to short again at a fib retrace if a pattern sets up.
Bullish Harami
The bullish harami is made up of two candlesticks. The first has a large body and the second a small body that is totally encompassed by the first. There are four possible combinations: white/white, white/black, black/white and black/black. Whether they are bullish reversal or bearish reversal patterns, all harami look the same. Their bullish or bearish nature depends on the preceding trend. Harami are considered potential bullish reversals after a decline and potential bearish reversals after an advance. No matter what the color of the first candlestick, the smaller the body of the second candlestick is, the more likely the reversal. If the small candlestick is a doji, the chances of a reversal increase.
It would be nice if they gave probabilities for success. That way, they won't have so many failed traders.
Petsamo wrote:Where's TraderGirl at ? I'm curious to know what candlestick formation we would have if we finished at current levels
Bullish Harami
Thank you
Are you sure? Yesterday was obviously a red candle. To me the indicator yesterday was the 7 consecutive hourly red bars that said some of the oversold had to be worked off. Looking to short again at a fib retrace if a pattern sets up.
Bullish Harami
The bullish harami is made up of two candlesticks. The first has a large body and the second a small body that is totally encompassed by the first. There are four possible combinations: white/white, white/black, black/white and black/black. Whether they are bullish reversal or bearish reversal patterns, all harami look the same. Their bullish or bearish nature depends on the preceding trend. Harami are considered potential bullish reversals after a decline and potential bearish reversals after an advance. No matter what the color of the first candlestick, the smaller the body of the second candlestick is, the more likely the reversal. If the small candlestick is a doji, the chances of a reversal increase.
It would be nice if they gave probabilities for success. That way, they won't have so many failed traders.
I really don't know much about candle formations...maybe black and red could be substituted. If it is a bullish reversal, I would expect a gap and go Monday.
2 bar reversal, the current bar will be the key. wait.
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here you can see why 2 bar reversal is important. either it's double top or a failed double top, either way, the next move could be sharp.
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2 bar reversed followed by downside breakout. wait.
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support. break below would hit my stop loss, the rest of my 3rd and the last trade today would be gone with theoretically no profit.
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