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Evening Star

Candle stick every beginners should know . ( part 3 ) Hi friends , today i'll share with you the most famous candlestick pattern everyone should know. part 3 we will start with the morning star . this pattern appear in the downtrend and It indicates the possibility of a price reversal ( long ) second , the evening star appear in the uptrend and It indicates the possibility of a price reversal ( short ) third doji / spinning top / high wave appear in the downtrend and the uptrend and They considered as reversal candles . please support me with like and followe me for more ideas .
Education
by Diamond_Chart
4
Evening Star Doji on EURUSDHey Folks! So, I've been posting a lot about gold. Now, I decided to switch over to EURUSD as I know that many of us prefer this reliable currency pair. Currently, there is an evening star doji that is clearly forming on the 1-hour timeframe. I have highlighted the pattern for you. At the time of writing this, we still have around 17 minutes before the pattern finalizes. Most likely, it will be complete and that should indicate a strong entry point to go SHORT! If the final candlestick forms a hammer or a dragonfly doji, it is time to go long. UPDATE: The momentum has changed, meaning that the below may not materialize. If you have placed advanced (pending) orders, Re-evaluate your position.
by sohrabkhanlive86
EUR/USD down trend reversal.A three inside up candlestick formation was completed on August 23rd, on the daily chart, signaling a possible reversal. Later on September first after some nice upward movement, again on the daily chart, the Lux Algo flashed a strong buy signal. A day later on the second a somewhat contradictory signal flashed, the completion of a sell setup on the TD sequential. If we have in fact started a new uptrend I believe this sell signal from the TD sequential will only lead to a small correction. The correction seems likely since the formation of an evening star pattern is currently in the works, though we will still need to wait and see where the August 6th candle closes.
Long
by biscuitbuns23
US Dollar Index Outlook: Down But Not Out, NFPs Eyed on SEP 3A majors-based US Dollar Index , one that averages USD against EUR, JPY, GBP and AUD, declined this past week. Prices confirmed a bearish Evening Star candlestick pattern, hinting at further losses in the near term. Still, the broader uptrend since June still remains in play. A bullish ' Golden Cross ' between the 50- and 200-day Simple Moving Averages is in play. The 50-day line could reinstate the focus to the upside in the coming sessions. Otherwise, breaking under it could shift the outlook materially bearish. A softer US non-farm payrolls report on September 3rd will be closely eyed by Greenback traders. Given the Fed's recent tone at the J ackson Hole Economic Policy Symposium , a softer jobs print could push back taper timeline expectations. Such an outcome could be positive for market sentiment, threatening the anti-risk USD. 1/((FX_IDC:EURUSD+FX_IDC:JPYUSD+FX_IDC:GBPUSD+FX_IDC:AUDUSD)/4)
by QM_Dubrovsky
Let's talk about Candlestick Chart PatternsThe candlestick chart patterns are used by traders to set up their trades, and predicting the future direction of the price movements. There are many candlestick chart patterns. I will be discussing a few of those. ✅ Morning Star is formed after a downtrend indicating a bullish reversal. Generally made of 3 candlesticks, first being a bearish candle, second a Doji, and third being a bullish candle. The first candle shows the continuation of the downtrend, the second being a Doji shows indecision in the market and the third bullish candle shows that bulls are back in action. ✅ Bullish Hammer is a single candlestick pattern, which is formed at the end of the downtrend and shows bullish reversal. The real body of this candle is small with a long lower wick which should be more than twice the real body. This candle is formed when the seller pushes the price downwards but at the same time buyers arrive and push the prices up. ✅ Bullish Engulfing is formed after a downtrend, indicating a bullish reversal. It is formed when a bearish candle is fully engulfed by a bullish candle which shows that the bulls are back in the market. ✅ Three White Soldiers is a multiple candlestick pattern that is formed after a downtrend indicating a bullish reversal. It is formed when three consecutive bullish candles appear one after the other. These three candles show a strong bullish trend. ✅ Hanging Man is generally formed at the end of an uptrend and signals bearish reversal. The real body of this candle is small and is located at the top with a lower shadow which should be more than twice the real body. This candlestick pattern has no or little upper shadow. ✅ Dark Cloud Cover is formed by two candles, the first candle being a bullish candle which indicates the continuation of the uptrend. The second candle is a bearish candle that opens the gap up but closes more than 50% of the real body of the previous candle which shows that the bears are back in the market and a bearish reversal is going to take place. ✅ Bearish Engulfing is formed by two candles, after an uptrend indicating a bearish reversal. It is formed by two candles, the second candlestick engulfing the first candlestick. The first candle being a bullish candle indicates the continuation of the uptrend. The second candlestick chart is a long bearish candle that completely engulfs the first candle and shows that the bears are back in the market. ✅ Evening Star is made of 3 candlesticks, first being a bullish candle, second a Doji, and third being a bearish candle. The first candle shows the continuation of the uptrend, the second candle being a doji indicates indecision in the market, and the third bearish candle shows that the bears are back in the market and reversal is going to take place. Thanks for reading and hope you like it. Please comment and let us know your thoughts on it. Happy Trading
Education
by Tuned_Official
How to use Candlestick Patterns ..Hello Traders , Have a nice weekend. it's good to learn something even if you knew it before,Seriously some of you know all these patterns but don't know how to use them. First we have to draw our support and resistance area in higher time frames , then we switch to lower time frames to see a candlestick pattern and now you can enter the trade after a little price rest to have a better RR ratio guys. Good Luck on that , As easy as you see
Education
by sajadakrami1378
Bitcoin Analyze (Candlestick Analysis)!!!hi, I hope that you took profits from my previous posts😊 (If Yes, please comment). Today, I want to talk about some Candlesticks Patterns that we saw these days( Around one Month🌙). Bitcoin Analyze ( BTCUSDT ) Timeframe Daily ⏰ Location: Still, Bitcoin is running on our Descending Triangle , and It close to the lower line of the Triangle (Support zone: 31620$ until 30960$ (Support + Cluster of Fibs+ the lower line of Descending Triangle ) == Heavy & important Support). About Candlestick analysis : I was able to find Bearish Engulfing Pattern on the upper line of Triangle (Point C) + Morning Star Pattern on the Lower line of Triangle (Point D) + Evening Star Pattern at Point D (Fake Break) == All of these patterns were REVERSAL Pattern, but, now I can see Falling Three Method Pattern ( CONTINUATION Pattern) on the Lower line of Triangle (Point F), so I am expecting that Next Daily Candle will have RED Body. RSI Analyze: RSI is running at Descending Channel, even we can see two fake breaks on this way, also I found Head and Shoulder Pattern on the upper line of our channel, if RSI breaks necking line, probably RSI will close to our Support Zone.👉https://www.tradingview.com/x/5F3N99fl/ MACD Analyze: we can see Bearish Confirmation Signal 🐻 👉 ADX = 38.6 >25 == Still we are on Downtrend. Moving Averages MA200 & MA50 Passed from each other a few days ago. I am deciding to share Bitcoin Long-term Analyze ( Monthly Time frame )📆 on each post that I will publish about Bitcoin: Please read this post carefully ( I ❤️LOVE ❤️THIS POST😀)👉https://www.tradingview.com/chart/BTCUSDT/PTviG7sS-Bitcoin-Long-term-Analyze-Monthly-Time-frame/ If you want to have more information about counting waves supports and resistances.....check this post 👉https://www.tradingview.com/chart/BTCUSDT/Ie6NTjBA-Bitcoin-Analyze-Playing-with-Harmonic-Patterns/ My Suggestion: please do NOT buy Coins for Midterm and Long-term investment until the market finds a way. At least you can wait for breaking our Descending Triangle (to UP). Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅ 'like' ✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe.
Short
by pejman_zwin
14
BTC Analyze Time Frame 4H/ Symmetrical Triangle 👀Unfortunately, my last three posts have deleted, because I did not comply with the '' house rules ''. About BTCUSDT Chart, I can say some info; First, we are at Symmetrical Triangle (trusty == more than 45 _60 candles are on our Triangle) + We have Hidden Divergence ( HD- ) between MACD and Price , until now + Evening Star (Bearish candlestick Pattern)+ TRZ + End of microwave 5 (price was at the golden number of Fibonacci), So we have to wait for Correction waves + Price was near upper line of our Pitchfork + Resistance Zone (cluster) + Fib circles (If you look at the circle lines and you will know that these lines have worked well in the past) + ADX=15.58 (Over 20 or 25 initial trends will start ) ===== RESULT ==== BTC Will go Down again until Take profit zone 1 or 2 . My Suggestion : we had enough reasons for open Short positions (The above reasons). Take profit 1: 36620$ - 36460$ (Weekly Pivot point + 61.68% Fib + support zone). Take profit 2: 35430$ - 35120$ (Cluster of Fibonacci) === on this zone, BTC will decide to go DOWN or UP. Do not forget to put Stop loss for your positions (For every position you want to open) Please follow your strategy , this is just my idea, and I will be glad to see your ideas on this post. Please do not forget the 'like' button :) & Share it with your friends, Thanks, and Trade safe. Good luck
Short
by pejman_zwin
6
Ethereum Analyze (Short term)!!!I want to share Ethereum Analyze with you (Short term Analyze), I hope that it is an useful Analyze. I can see Bearish Three drives pattern on ETHUSD chart + Evening star Pattern (Especially on 1H )+ Divergence Between Volume and Price + Heavy cluster (Resistance) near current Price+ ADX=22.72 (TF=1H), means up trend's strength is too low . Also I can see Rising Wedge on Ethereum/Bitcoin (I will publish picture of it on comment). As result, according to above Reasons , I expect that price will reverse soon. My Suggestion : you can Find best Triggers for open Short positions . Take profits for short positions can be Around 2339 $ & 2294$ Do not Forget to put Stop loss for your positions (For every position that you want to open). Please follow your strategy , this is just my idea , and I will be glad to see your ideas on this post. Please do not forget 'like' button :), Thanks and Trade safe. Good luck
Short
by pejman_zwin
3