Technical Analysis Post 4# Trigger Candles.
What is a trigger candle? and how can we use it in our trade?
A trigger candle is a trigger or the starting place for a trade, there are bullish and bearish trigger candles.
These candles are distributed throughout the chart, usually appearing 8% of the time.
They are candles that have market absorption and appear in supply and demand zones, such as orderblocks (see post 1#).
As a player we must see the market in probabilities and these candles give us a 60% success rate
They should not be confused with indecision candles, which are very similar but not the same.
Confirmation of the desired movement will be given to us by the following candle, ensuring a 70% success rate.
A trigger candle can occur on any side of the chart, it will be the players' responsibility to mark the supply and demand zones well. That's why most players say that these candles are a lie and should not be used for trading.
The most common candles are envelope candles and hammer candles, with hammer candles being those related to obtaining liquidity.
I leave you an example image of the trigger candles that can appear in the chart.
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