🤫One of my trading strategies:
There are many indicators and patterns in the trading world. One such pattern involves a sequence of two candles:
A red candle followed by a green candle of the same size and at the same level can signal an upward price movement ⬆️. And vice versa, red after green ⬇️
Why does this work?
- Red candle, then green: Buyers began to prevail, returning the price to previous levels, indicating support and a possible upward reversal.
- Green candle, then red: Sellers lowered the price back, indicating resistance and a possible decline.
Recommendations - Use other indicators and analyze the overall market context. Practice risk management. Set stop losses. - Conduct your own analysis. The market needs to be assessed comprehensively.
If you liked the post, click on the 💲 icon below 👇🏼
Please note that this post does not constitute financial advice. You make all investment decisions at your own risk.
