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EVENING STAR ( Chart Patterns #1 )
The âevening starâ is the small-bodied middle candle of a 3-bar pattern that can provide an early indication of a reversal from a bullish to a bearish trend, typically with an opening price at or a gap above the close of the previous candle (a gap indicates space between the body of the previous candle and the open of the consequent candle). The pattern indicates a potential top, and therefore a potential signal to sell. These are the characteristics of the three candles:
A long bullish candle
A small-bodied bullish or bearish candle or a doji that opens at or above the close of the previous candle.
A bearish candle that opens at or below the low point of the previous candleâs body and closes at or below the center of the first candle.
In order for the pattern to be valid, the sequence of candles must be as described above. Also, the pattern should appear in the context of an uptrend in order to signal a reversal and the start of a downtrend.
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A long bullish candle
A small-bodied bullish or bearish candle or a doji that opens at or above the close of the previous candle.
A bearish candle that opens at or below the low point of the previous candleâs body and closes at or below the center of the first candle.
In order for the pattern to be valid, the sequence of candles must be as described above. Also, the pattern should appear in the context of an uptrend in order to signal a reversal and the start of a downtrend.
#crypto2023 #REXBOX #Patterns #BinanceTournament
Rising Three Method - Second pattern to stop lossing.
So, this is 2âżá”/100 article about gaining knowedge of market pattern. Today we will focus on a different pattern called the Rising Three Methods and it will help you able to avoid losing by.....
Read text First
Let us dive into market patterns once again, but this time, we will focus on a different pattern called the Rising Three Methods.
5 Candles - 2 Green and 3 Red
First Candlestick: The pattern begins with a long, green, bullish candlestick, indicating that the market is very bullish. The current upsurge is represented by this candle.
Second, Third, and Fourth Candlesticks: These three smaller, bearish candlesticks appear after the first bullish candle. They, like "stair steps," cause a minor downward retracement. These bearish candles, however, stay inside the high and low ranges of the initial bullish candle, indicating a lack of major negative pressure. The shrinking size of these candles indicates a decrease in selling pressure.
Fifth Candlestick: The pattern is completed with another lengthy, green, bullish candlestick that exceeds the peak of the preceding bearish candles. This candle reinforces the bulls' dominance, indicating the uptrend's continuation.
Bullish Pattern
The Rising Three Methods Pattern's Psychology
The Rising Three Methods pattern represents a brief stop or consolidation within an upswing. The three smaller bearish candles indicate a brief price correction, which is frequently caused by profit-taking or a temporary fall in purchasing pressure. This corrective phase, however, is brief, as the bulls retake control and force the stock higher, surpassing the previous high. The pattern indicates that the bullish trend is likely to continue.
This is How it looks in Chart
Diagrammatic Representation
Rising Three Methods is a bullish continuation pattern that appears during an uptrend. It denotes a temporary pause in the rising trend before the bullish trend restarts. This pattern is used by traders and analysts to forecast the continuation of an ongoing trend and make well-informed trading decisions. However, keep in mind that no pattern can foretell future price movements with full surety. To improve the consistency of your trading techniques, combine the Rising Three Methods pattern with other technical indicators (this is the first in a series on Bullish pattern interpretation), chart patterns, and fundamental analysis.
#Bullish #Patterns #ChartPatterns #Harshal #RisingThreeMethod @Binance News
Follow us For Rising with us and quickest learning of patterns and more.
Read text First
Let us dive into market patterns once again, but this time, we will focus on a different pattern called the Rising Three Methods.
5 Candles - 2 Green and 3 Red
First Candlestick: The pattern begins with a long, green, bullish candlestick, indicating that the market is very bullish. The current upsurge is represented by this candle.
Second, Third, and Fourth Candlesticks: These three smaller, bearish candlesticks appear after the first bullish candle. They, like "stair steps," cause a minor downward retracement. These bearish candles, however, stay inside the high and low ranges of the initial bullish candle, indicating a lack of major negative pressure. The shrinking size of these candles indicates a decrease in selling pressure.
Fifth Candlestick: The pattern is completed with another lengthy, green, bullish candlestick that exceeds the peak of the preceding bearish candles. This candle reinforces the bulls' dominance, indicating the uptrend's continuation.
Bullish Pattern
The Rising Three Methods Pattern's Psychology
The Rising Three Methods pattern represents a brief stop or consolidation within an upswing. The three smaller bearish candles indicate a brief price correction, which is frequently caused by profit-taking or a temporary fall in purchasing pressure. This corrective phase, however, is brief, as the bulls retake control and force the stock higher, surpassing the previous high. The pattern indicates that the bullish trend is likely to continue.
This is How it looks in Chart
Diagrammatic Representation
Rising Three Methods is a bullish continuation pattern that appears during an uptrend. It denotes a temporary pause in the rising trend before the bullish trend restarts. This pattern is used by traders and analysts to forecast the continuation of an ongoing trend and make well-informed trading decisions. However, keep in mind that no pattern can foretell future price movements with full surety. To improve the consistency of your trading techniques, combine the Rising Three Methods pattern with other technical indicators (this is the first in a series on Bullish pattern interpretation), chart patterns, and fundamental analysis.
#Bullish #Patterns #ChartPatterns #Harshal #RisingThreeMethod @Binance News
Follow us For Rising with us and quickest learning of patterns and more.
Hope You read our Last Article "Falling Three Method", now New Article on other Pattern "Rising Three Methods Doji" will be published today. stay tuned, hope you enjoy gaining knowledge.
#Fallingthreemethod #Harshal #TradingStrategy #Patterns
#Fallingthreemethod #Harshal #TradingStrategy #Patterns
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Falling Three Method - One step to stop lossing.
Let us begin learning about market patterns. up to this point, you have only explained that it takes time and that the market does not run on patterns. Check this pattern and keep track of how many times you've seen it:) You'll always avoid losing after...
Look at Text - This can be confusing for now
Falling Three Methods: A Bearish Continuation Pattern
Candlestick patterns are important in technical analysis for understanding market mood and estimating future price movements. The Falling Three Methods pattern is one example of a bearish continuance pattern. This article investigates the Falling Three Methods pattern and offers insights on its explanation.
5 Candles - 2 Red and 3 Green
Interpreting the Falling Three Methods Pattern
First Candlestick: The pattern begins with a long, red, bearish candlestick, indicating a strong bearish sentiment in the market. This candle represents the existing downtrend.
Second, Third, and Fourth Candlesticks: These three smaller, bullish candlesticks follow the first bearish candle. They are often referred to as "stair steps" because they create a slight upward retracement. However, these bullish candles remain confined within the high and low range of the first bearish candle, suggesting a lack of significant bullish strength. The diminishing size of these candles signifies a weakening of buying pressure.
Fifth Candlestick: The pattern concludes with another long, red, bearish candlestick that exceeds the low of the preceding bullish candles. This candle reasserts the dominance of the bears, confirming the continuation of the downtrend.
Bearish pattern
Psychology behind the Falling Three Methods Pattern
The Falling Three Methods pattern indicates a brief settlement or stop within a downturn. The three smaller bullish candles signal a tiny price recovery, which is frequently caused by profit-taking or a temporary reduction in selling pressure. This bounce, however, is temporary, as the bears retake control and push the price lower, flouting the reversal phase's low. The pattern indicates that the bearish trend is likely to continue.
This is how it looks in chart
The Falling Three Methods pattern is a bearish continuation pattern that occurs within a downtrend. It indicates an unexpected end in the downward trend before the bearish trend returns. This pattern is used by traders and analysts to predict the continuation of the current trend and make informed trading decisions. It is important to remember, however, that no pattern predicts future price movements with total surety. To increase the validity of your trading techniques, combine the Falling Three Methods pattern with other technical indicators (this one is the first article of the series of understanding patterns), chart patterns, and fundamental analysis.
#Binance #patterns #crypto2023 #Harshal #BTC @Binance News
Follow us For Rising with us and quickest learning of patterns and more.
Look at Text - This can be confusing for now
Falling Three Methods: A Bearish Continuation Pattern
Candlestick patterns are important in technical analysis for understanding market mood and estimating future price movements. The Falling Three Methods pattern is one example of a bearish continuance pattern. This article investigates the Falling Three Methods pattern and offers insights on its explanation.
5 Candles - 2 Red and 3 Green
Interpreting the Falling Three Methods Pattern
First Candlestick: The pattern begins with a long, red, bearish candlestick, indicating a strong bearish sentiment in the market. This candle represents the existing downtrend.
Second, Third, and Fourth Candlesticks: These three smaller, bullish candlesticks follow the first bearish candle. They are often referred to as "stair steps" because they create a slight upward retracement. However, these bullish candles remain confined within the high and low range of the first bearish candle, suggesting a lack of significant bullish strength. The diminishing size of these candles signifies a weakening of buying pressure.
Fifth Candlestick: The pattern concludes with another long, red, bearish candlestick that exceeds the low of the preceding bullish candles. This candle reasserts the dominance of the bears, confirming the continuation of the downtrend.
Bearish pattern
Psychology behind the Falling Three Methods Pattern
The Falling Three Methods pattern indicates a brief settlement or stop within a downturn. The three smaller bullish candles signal a tiny price recovery, which is frequently caused by profit-taking or a temporary reduction in selling pressure. This bounce, however, is temporary, as the bears retake control and push the price lower, flouting the reversal phase's low. The pattern indicates that the bearish trend is likely to continue.
This is how it looks in chart
The Falling Three Methods pattern is a bearish continuation pattern that occurs within a downtrend. It indicates an unexpected end in the downward trend before the bearish trend returns. This pattern is used by traders and analysts to predict the continuation of the current trend and make informed trading decisions. It is important to remember, however, that no pattern predicts future price movements with total surety. To increase the validity of your trading techniques, combine the Falling Three Methods pattern with other technical indicators (this one is the first article of the series of understanding patterns), chart patterns, and fundamental analysis.
#Binance #patterns #crypto2023 #Harshal #BTC @Binance News
Follow us For Rising with us and quickest learning of patterns and more.
Technical Analysis of $STG / TetherUS (Binance)
Overview:
The trading chart for the â#STG / TetherUSâ pair on Binance reveals interesting patterns and potential price movements. As a seasoned trader, Iâll break down the key aspects:
Support and Resistance Zones:
The green support floor represents a critical level where buying interest is strong. If the price remains above this level, it suggests bullish sentiment.
Conversely, the red solid resistance zone acts as a barrier. A breakout above this zone could signal a bullish trend reversal.
#Price Anticipation:
The current price is near the resistance zone, indicating a crucial juncture.
A decisive break above the resistance could trigger a bullish rally, potentially targeting higher levels.
Conversely, if the support floor fails, a bearish move may follow.
Candlestick #Patterns :
Observe the candlestick formations within this range. Look for bullish reversal patterns (e.g., hammer, engulfing) or bearish signals (e.g., shooting star, evening star).
These patterns provide insights into market sentiment and potential trend shifts.
Trading Strategy:
Based on the technical analysis, consider the following strategies:
Breakout #Trade :
Long Position: If the price convincingly breaks above the resistance zone, consider entering a long position.
Set a stop-loss just below the breakout level to manage risk.
Target potential resistance levels above.
BEARISH Scenario:
Short Position: If the support floor fails, consider a short position.
Set a stop-loss just above the breakdown level.
Target lower support levels or previous swing lows.
Risk Management:
Always use appropriate position sizing and risk management techniques.
Monitor market news and overall sentiment to adjust your strategy.
#Megadrop
Overview:
The trading chart for the â#STG / TetherUSâ pair on Binance reveals interesting patterns and potential price movements. As a seasoned trader, Iâll break down the key aspects:
Support and Resistance Zones:
The green support floor represents a critical level where buying interest is strong. If the price remains above this level, it suggests bullish sentiment.
Conversely, the red solid resistance zone acts as a barrier. A breakout above this zone could signal a bullish trend reversal.
#Price Anticipation:
The current price is near the resistance zone, indicating a crucial juncture.
A decisive break above the resistance could trigger a bullish rally, potentially targeting higher levels.
Conversely, if the support floor fails, a bearish move may follow.
Candlestick #Patterns :
Observe the candlestick formations within this range. Look for bullish reversal patterns (e.g., hammer, engulfing) or bearish signals (e.g., shooting star, evening star).
These patterns provide insights into market sentiment and potential trend shifts.
Trading Strategy:
Based on the technical analysis, consider the following strategies:
Breakout #Trade :
Long Position: If the price convincingly breaks above the resistance zone, consider entering a long position.
Set a stop-loss just below the breakout level to manage risk.
Target potential resistance levels above.
BEARISH Scenario:
Short Position: If the support floor fails, consider a short position.
Set a stop-loss just above the breakdown level.
Target lower support levels or previous swing lows.
Risk Management:
Always use appropriate position sizing and risk management techniques.
Monitor market news and overall sentiment to adjust your strategy.
#Megadrop
