"Day 1: Exploring Trading Basics and Japanese Candlestick Patterns"

"Hello traders! 📈 I want to share with you an interesting topic – Japanese candlesticks in trading. 🕯️ Perhaps you've already heard about various patterns that form on charts thanks to this tool. But is it worth studying them as a priority? 🤔 Let's discuss! What patterns do you consider most important for successful trading? 💬 #Trading #patterns

🐾 The “Adam and Eve” pattern is a reversal formation in a downtrend. A sharp and deep first base with high volume (Adam) and a gradual rounded second base with decreased volume form the pattern. Price action then consolidates in a narrow range, and the market instrument confidently breaks above the neckline.

🐾 When Eve’s peak transitions into a flat range, it represents an excellent entry point, but only after the breakout.

🐾 In essence, working with this pattern is no different from a double bottom or double top:
Entry - after the breakout of the neckline or on a retest of the breakout level.
Target - the target is equal to the height from the pattern’s low to the neckline.
Stop - after entry below the breakout level or local minimum.

#patterns #educational_post

📈📉$FARM _______✅ for FARM UPDATES ⏫️⏫️⏫️

Technical analysis signals timeline ⏱️

FARM - SELL

Bearish Spinning Top (Candlestick pattern on 4h chart)
Signal time: 2024-04-07 17:41:49 GMT

FARM - SELL

Bearish Spinning Top (Candlestick pattern on 4h chart)
Signal time: 2024-04-07 17:41:49 GMT

FARM - SELL

Bearish Spinning Top (Candlestick pattern on 4h chart)
Signal time: 2024-04-08 00:05:02 GMT

FARM - BUY

Bullish Inverted Hammer (Candlestick pattern on 4h chart)
Signal time: 2024-04-08 00:05:02 GMT

FARM - BUY

Bullish Inverted Hammer (Candlestick pattern on 4h chart)
Signal time: 2024-04-08 00:05:02 GMT

#TechnicalAnalysis #Pattern #patterns #FARMUSDT #signals

Always DYOR. It’s not a financial advice, but our POV on the most likely asset move amid the event. What’s yours?