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vinitha replied to the topic What is morning and evening STAR? When to buy and Sell? in the forum The Simple Candlestick Analysis 7 years, 5 months ago
Doji appearing after the bearish trend is a morning star.
Doji appearing after the bullish trend is a evening star.
Buy when the price fall with high volume
Sell when the price rise with high volume
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vinitha replied to the topic What is the general forecasting duration using candlestick analysis? in the forum The Simple Candlestick Analysis 7 years, 5 months ago
The duration for candlestick analysis is one week.
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vinitha replied to the topic In Bearish Piercing pattern which tail should not be too big (Upper or lower) in the forum Stock market questions and answers 7 years, 5 months ago
Lower one should not be too big.
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vinitha replied to the topic What is Engulfing pattern? What are its conditions to qualify? When to buy and Sell? in the forum The Simple Candlestick Analysis 7 years, 5 months ago
It is used in candle stick analysis to determine bullish and bearish trend
Engulfing body should fully cover the candle body of previous day.
when the price goes high of the previous day price-buy
When the price goes low of the previous day price-sell
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vinitha replied to the topic What is piercing pattern? What are its conditions to qualify? When to buy and Sell? in the forum The Simple Candlestick Analysis 7 years, 5 months ago
In piercing pattern the body should cover the previous day low.
Upper tail is smaller in size and volume is high.
When the price goes above the previous high then buy, when the price goes below the previous low the sell.
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vinitha replied to the topic What is DOJI? How to make use of DOJI? in the forum The Simple Candlestick Analysis 7 years, 5 months ago
DOJI means neutral in Japanese in which opening and closing price will be same.
High volume that indicates the trend reversal.
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vinitha replied to the topic Who should use candle stick analysis? What is the role of volume in candlestick analysis? in the forum The Simple Candlestick Analysis 7 years, 5 months ago
Candlestick analysis is mainly for weekly traders and is used for short term trading.
volume denotes the strength of the pattern (buy/sell).
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vinitha replied to the topic What is FLAG pattern? What are the conditions to qualify as perfect FLAG? in the forum Price Patterns and its characteristics 7 years, 5 months ago
It is also called as rectangular pattern and it has two parallel line that acts as a support and resistance for the price until its breakout happens.
CONDITION:
High in volume
Side breakout
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vinitha replied to the topic How price pattern are different from Dow Theory? in the forum Price Patterns and its characteristics 7 years, 5 months ago
Dow theory gives information about demand and supply and it is mainly used for long term trading.
Price pattern it gives the characteristics of price behavior and it is mainly used for short term trading.
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vinitha replied to the topic What is Double BOTTOM? What are their conditions to determine the bullish trend? in the forum Price Patterns and its characteristics 7 years, 5 months ago
Two equivalent bottom is formed with minimum one month duration
Volume should be high at second bottom
When it crosses the previous high long position is created.
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vinitha replied to the topic What is Head and Shoulder? What are their conditions to determine the bearish trend? in the forum Price Patterns and its characteristics 7 years, 5 months ago
The volume of the left side shoulder should be high
The volume of the right side shoulder should be low
If the price goes below the neckline then the short position is created
Minimum 3 months is required to form head and shoulder.
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vinitha replied to the topic Which chart types are suitable for understanding Price patterns namely CUP, Flag in the forum Stock market questions and answers 7 years, 5 months ago
Line chart:
Cup pattern
Head and shoulder
Double top/bottom
Candle stick:
Flag
Triangle
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vinitha replied to the topic What are Price Patterns? in the forum Price Patterns and its characteristics 7 years, 5 months ago
Price pattern is used to analyse the market trend, and various types of charts is used for analysis.
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vinitha replied to the topic When to buy and Sell using Price Patterns? in the forum Price Patterns and its characteristics 7 years, 5 months ago
Buying or selling that happens when the price crosses the neckline or the breakout gap.
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vinitha replied to the topic What is rounding bottom / Cup pattern? What are their conditions to determine the bullish trend? in the forum Price Patterns and its characteristics 7 years, 5 months ago
Duration should be more than 6months
Rounding bottom volume should be very low.
If the price starts to break the higher resistance level with high volume then long position is created.
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vinitha replied to the topic What is triangle pattern? What are the conditions to qualify as perfect triangle? in the forum Price Patterns and its characteristics 7 years, 5 months ago
Pattern that indicates 45 days trend
Volume should be high at breakout point and the breakout happens on any side.
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vinitha replied to the topic What is inverted Head and Shoulder? What are their conditions to determine the bullish trend? in the forum Price Patterns and its characteristics 7 years, 5 months ago
Duration for inverted head and shoulder is 3 months
L.S volume should be low and R.S volume should be high
When the breakout point crosses the previous neckline then bullish trend happens.
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vinitha replied to the topic What is Double TOP? What are their conditions to determine the bearish trend? in the forum Price Patterns and its characteristics 7 years, 5 months ago
Two equivalent top with a minimum one month period
The volume should be high on second top
When the price drops down below the previous neckline then the short position is created.
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vinitha replied to the topic What Should be Entry price, Exit Price and Stop loss for Flag Pattern in the forum Price Patterns and its characteristics 7 years, 5 months ago
Entry price: after the breakout
Exit price: after the price movement has reversed its direction
Stop loss: point where breakout gap is filled
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vinitha replied to the topic What Should be Entry price, Exit Price and Stop loss for Inverted Head&shoulders in the forum Stock market questions and answers 7 years, 5 months ago
Entry price: when it breaks the left shoulder neck line
Exit price: when the price value comes down
Stop loss: previous head point.
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