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Livya replied to the topic What is morning and evening STAR? When to buy and Sell? in the forum The Simple Candlestick Analysis 7 years, 8 months ago
Morning and evening star is the another name of doji that americans named
MORNING STAR: Doji after a significant price fall – for bullish.Buy when bullish
EVENING STAR: Doji after a significant price rise – for bearish.Sell when bearish -
Livya replied to the topic What is DOJI? How to make use of DOJI? in the forum The Simple Candlestick Analysis 7 years, 8 months ago
When the recent price fall a star like candle appears in previous days low, in a reversal pattern is called doji
It will appear in both bullish and bearish
volume should be high when doji appears.when it is bullish doji we create long position and it gives 2 times of profit
when it is bearish doji we create short position -
Livya 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, 8 months ago
Piercing pattern is when the price falling in recent days the bullish body should cover the previous low .it is a reversal pattern
condition
– previous day low is covered
-50% of body is covered of previous day
-bullish body should have small tail
-good volume should be when it gets reversed
buy when price goes up when compared to last two…[Read more] -
Livya 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, 8 months ago
Weekly or day trader will use candlestick analysis
volume should be high when the pattern gets reversed -
Livya replied to the topic What is Candle stick analysis? Its evaluation and it real time application? in the forum The Simple Candlestick Analysis 7 years, 8 months ago
Candlestick analysis has two types of sticks ,positive and negative
positive – the price will be lower to higher
negative -price will be higher to lower
candlesticks used in a reversal patterns .it is used analyse short term trend -
Livya replied to the topic What is the general forecasting duration using candlestick analysis? in the forum The Simple Candlestick Analysis 7 years, 8 months ago
candlestick analysis should be daily or weekly basis
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Livya 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, 8 months ago
Engulfing pattern is when bullish body covers the previous day bearish body or bearish body covers the previous day bullish body
it is the reversal patternconditions
-previous day body should be covered
-good volume should be when covering
When price crosses the last two candle then long position is created . -
Livya 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, 8 months ago
Engulfing pattern is when bullish body covers the previous day bearish body or bearish body covers the previous day bullish body
it is the reversal patternconditions
-previous day body should be covered
-good volume should be when covering -
Livya 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, 8 months ago
In line chart a cup like pattern is formed
Conditions
-It takes min 6 months to form
-volume should be lower through out the form
-when breakout it forms steep pole there long position is created
-this patten is not affected by the market -
Livya 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, 8 months ago
CUP-line
Flag-candlestick
Triangle-line
Head and shoulder-line
double top/bottom-line -
Livya 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, 8 months ago
In candlestick charts after a steep pole a short wave form is seen in rectangular manner
conditions
-Wave form will take 3-7 days
-Break out should be in same direction
-80 degree steep pole should occur before flag
-low volume should be in flag region -
Livya 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, 8 months ago
In line graph its like wave towards horizontal in decreasing form, A-B-C-D-E tops and bottom when these points are connected, triangle pattern is formed.
when 70% of triangle, it breaks out and it will be bullish or bearishConditions
-45 days needs to form a triangle
-volume should be high when breaks out -
Livya 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, 8 months ago
In line graph its like wave in towards horizontal in decreasing form, A-B-C-D-E tops and bottom when these points are connected triangle pattern is formed
when 70% of triangle, it breaks out and it will be bullish or bearishConditions
-45 days needs to form a triangle
-volume should be high when breaks out -
Livya 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, 8 months ago
In Line graph two tops find to be equivalent then it is said to be double top
conditions
-It should cover the pattern in minimum 1 month
-In second top there should be high volume
-When the line crosses the previous low then short position is created
-It determines the bearish trend -
Livya replied to the topic When to buy and Sell using Price Patterns? in the forum Price Patterns and its characteristics 7 years, 8 months ago
Buy the shares when line breaks the previous high
Sell the shares when line breaks the previous low -
Livya 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, 8 months ago
In Line graph two bottom find to be equivalent then it is said to be double bottom
conditions
-It should cover the pattern in minimum 1 month
-In second bottom there should be high volume
-When the line crosses above the previous high then long position is created
-It determines the bullish trend -
Livya replied to the topic What are Price Patterns? in the forum Price Patterns and its characteristics 7 years, 8 months ago
It is use to predict the price in a short time
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Livya replied to the topic How price pattern are different from Dow Theory? in the forum Price Patterns and its characteristics 7 years, 8 months ago
Dow theory only says whether the trend is bullish or bearish .In price patterns it says the characteristic of price
With price pattern we can identify price early -
Livya 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, 8 months ago
Head and shoulder happens when someone sell the shares in short time
Conditions
-Minimum 3 months to complete this pattern
-At lower shoulder there seen good volume
-when the line crosses the neck of the right shoulder bearish trend is going to occur
-short position should be created -
Livya 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, 8 months ago
Inverted head and shoulder happens when there is as strong buyer in short span of time
Conditions
-It takes to complete the pattern of minimum 3 months
-Good volume should take place in lower shoulder
-After the pattern when price crosses the right shoulder there we should create the long position because it going to be bullish trend - Load More
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