Sentences with phrase «bearish candlestick»

The Candlestick Recognition Master indicator is a technical study that plots bullish / bearish candlestick patterns on the activity chart, thus removing the worry of having to spot such patterns by the trader.
This movement in price, however, can contain as few as three significant, consecutive, bearish candlesticks in order to qualify as a bearish trend.
I wouldn't consider any downward movement during an uptrend to be more than a retracement unless it consists of 3 or 4 strong bearish candlesticks (or perhaps 2 very large candlesticks) or a series of lower highs and lower lows (which occurred after our pattern).
Resistance, like price, is a leading indicator, so that's a great place to start when trading bearish candlestick patterns.
Once you've established a good resistance level, you can look for bearish candlesticks patterns, like the shooting star, forming at or near the level.
This pattern consists of a relatively large bearish candlestick, followed by a bullish candlestick that closes somewhere above the 50 % mark of the preceding candlestick's real body (see image below).
Daily Chart, price action that broke previous bearish candlestick seems to state there isn't much sellers into this pair as market continues to retrace to key level.
CRM is short for Candlestick Recognition Master, and is a technical study that plots both bullish and bearish candlestick patterns on the chart.
I think a rally to the 50MA (w), followed by some bearish candlesticks would be an appropriate short entry point (with a stop loss — buy to cover above your bearish candles).
Bitcoin rejected both the 200DMA and downtrend line and also posted dark cloud cover which is a bearish candlestick formation which could weigh on the rally.
Ethereum is still under pressure and is formed a gravestone doji which is a bearish candlestick formation which suggests we could hit new trend lows below $ 350.
The second candlestick must also always be a bearish candlestick (see the image on the right).
There was a bearish candlestick (second candle after the gravestone doji).
Basically, as a sign that the uptrend is actually ending, after the shooting star signal, you want to see a bearish candlestick that closes below the real body of the previous candlestick.
However, it's possible for the shooting star candlestick to meet this criterion on its own if a bearish real body shooting star occurs after a smaller bullish candlestick (above — left) or another bearish candlestick (above — right).
Note: In the case that a bearish real body shooting star occurs after another bearish candlestick (above — right), it's important that the shooting star candlestick makes the overall high (as in the example).
The next candle was another bearish candlestick, which had a real body that was bigger than the previous 10 or so candlesticks.
In the example above our stop loss would have been placed under the low of the bearish candlestick in the sequence.
So when the prices move above the upper Bollinger Band, are coupled with a bearish candlestick read (gravestone doji, for example), and an extreme overbought W % R read is present, we expect a reversal at the top.
Instead, I focus my attention on the simple price action, especially key levels, rather than trying to interpret every bullish or bearish candlestick pattern that emerges.
If the Candlestick Recognition Master custom indicator forms a bearish candlestick price action pattern above price bars, it is a trigger to sell.
If the Candlestick Recognition Master custom indicator forms a bearish candlestick price action pattern above price bars, it thus denotes a trigger to exit or take profit.
Also, depending on how much gapping occurs in the market (non-Forex) that you're trading, it's possible to see a valid bearish engulfing pattern that consists of two bearish candlesticks — in which the second bearish candlestick has gapped up and engulfed the first (see the image below).
The bearish engulfing candlestick pattern, or another bearish candlestick pattern, is only used to laser target your entry.
Also, in general, bearish candlesticks that close near the bottom of their range are considered to be more bearish.
A bearish candlestick on higher volume, especially twice the volume of the previous candle, is another great indicator that a larger bearish move is likely to occur.
The second candlestick is a bearish candlestick.
A Piercing candlestick pattern occurs when a green bullish candlestick (close above open) on the second day closes above the middle of the first day's bearish candlestick (close below open).
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